Services PMI in the United States increased to 57.70 points in November from 56.90 points in October of 2020. Services PMI in the United States averaged 53.68 points from 2013 until 2020, reaching an all time high of 61 points in June of 2014 and a rec…
When the COVID-19 pandemic hit the U.S. economy with full force in late March, causing stock markets and economic indicators to plummet and erasing nearly 20 million jobs in a matter of weeks, many had hoped that this crisis would go away as quickly as…
When the COVID-19 pandemic arrived in the United States in March, forcing widespread lockdowns to contain the spread of the virus, consumer spending fell off a cliff. Following an abysmal April, which saw spending levels down more than 18 percent compa…
The market started a baby downtrend channel last week. The top of the channel will open on Monday at 3572. Here in the premarket around 5:30 AM in New York, that trendline was being challenged as, once again, Asia and Europe have rallied. This report shows you what to look for this week as it affects the longer term outlook.
Non Manufacturing PMI in the United States decreased to 56.60 points in October from 57.80 points in September of 2020. Non Manufacturing PMI in the United States averaged 54.60 points from 1997 until 2020, reaching an all time high of 62 points in Aug…
Yes, they are. They have come back to celebrate the holiday.
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.
Jay Powell’s first order of business is to keep the bond market from breaking down. When the 10 year yield hit 0.975 last week before backing off, the market was at the edge of the abyss. Leveraged dealer bond portfolios were on the brink of disaster.
Covid’s precision-like timing was supernatural – nothing short of sinister.
Capacity Utilization in the United States increased to 72.80 percent in October from 72 percent in September of 2020. Capacity Utilization in the United States averaged 80.08 percent from 1967 until 2020, reaching an all time high of 89.39 percent in J…