Executive Summary Last week the stock market took a roller coaster ride while bonds took a hit. The 10-year Treasury Note yield rose to 1.46% based mainly on two factors:  the Fed’s announcement of tapering their monthly bond purchases beginning late this year and the second is [...]

Executive Summary Monday’s stock market move may have seemed a bit extreme. Many financial pundits will speculate as to the cause; however, sometimes they are correct and other times it is just speculation. This move appears to have been the contagion effect from China’s Evergrande Group, whose [...]

Executive Summary Despite massive stimulus and extreme monetary policy, the “expansion” period between the Great Recession and the Covid19 recession experienced the weakest post-WWII growth rate, at 2.3% average annual growth (see second graph), on record. While the Fed keeps “printing” money (3rd graph), the Federal deficits [...]

Executive Summary This week’s update is brief, so a summary may seem unnecessary.  The two main points are the disappointing 235,000 new jobs reported on Friday of the holiday weekend, and the Atlanta Fed’s revision lower of the third quarter GDP forecast.  The jobs number was a [...]