Market Note: Summer Economics
June 7, 2024 – As we step into summer, thinkof US economic growth as a car that is no longer accelerating, but is still moving forward, powered by its own momentum. With a moderate 1.3% annualized growth in the first quarter of 2024, the Fed’s monetary tightening finally appears to be working. Unemployment remains at […]
Threading The Needle?
June 6, 2024 Good morning, Weeks ago, amid the March correction, we talked about the market message at that time being constructive in the short-term (wks./mos.). So far, so good. It has not been a barn-burner rally, just a gradual move up and to the right (more right than up) on most major global equity […]
Maybe The Shortest Note On Record – Early Doldrums
June 3, 2024 Good morning, This month begins with the Fed in its quiet period, and stock and bond investors already counting down to the next Fed meeting nine days away. There is one key economic data dump between now and then – Friday morning’s May employment report. If Friday’s number is not rogue, and is […]