Earnings Lifeline

Earnings Lifeline

  Higher interest rates have been a thorn in the side of the stock market for many months now. But fortunately, relief appears to be on the way—and it’s coming in the form of improved stock market earnings. Our featured chart above shows the 12-month forward (or...
Less Quitting

Less Quitting

  The latest inflation figures for September were unveiled this week. The main takeaway was that consumer prices, which rose 3.7% from a year ago, remain slightly elevated—but underlying cost pressures are also starting to ease. One of those underlying cost...
Rate Breakout

Rate Breakout

  For a while, it looked as if long-term interest rates had peaked. The 30-year Treasury rate was falling, and mortgage rates were down a whole percentage point from their November 2022 highs. But things have since changed. As our featured chart above shows, both...
Are We There Yet?

Are We There Yet?

  A key question—perhaps THE key question—of the year is: has the Federal Reserve done enough to get inflation under control? There are a couple of schools of thought out there on this question. The first suggests that the Fed simply needs to get the Federal...
Scarce Credit

Scarce Credit

  Americans love to spend money. That’s what we do. Resilient American consumers have helped support an economy this year that many believed would slow dramatically. However, as our featured chart this week shows, an important source of consumer spending is now...
Depleted Savings

Depleted Savings

  So far, the aggressive tightening campaign by the Federal Reserve hasn’t really affected the U.S. consumer. And by various measures, household consumption has continued to prop up a surprisingly robust economy. Many agree that the reason behind the consumer’s...