Some January economic data continuous to be weak and point towards a possible recession, namely: retail sales, ISM (below 50) or new home sales. Yet employment data (both unemployment and job gains – especially the recent nonfarm payroll data) or delinquencies...
Average Hourly Earnings rose 0.6% MoM in November notably above the consensus forecast of 0.3% – elevated wage pressures could lead the FED to raise rates to higher levels than investors anticipate (above 5%). New York (NY) FED recession probability model in...
“It takes strong winds to move a sailing ship, but only a small rudder to define its direction.” 2023 is quickly approaching, and it’s almost that time for us to turn the page on one of the worst years in market history. This past year has been...
October brought about the much-anticipated FANG earnings and outlook. Only Netflix managed to beat consensus on the back of better subscriber growth. Facebook (Meta), Amazon and Google earnings all came in well below consensus with the two former tech giants providing...
