Despite the shortened work week, we have a rather busy schedule of US economic data releases, climaxing with Thursday’s US employment data. Last month’s payroll data caught the market by surprise coming in well above expectations, demonstrating the lowest level of job losses since September 2008. But, the big question remains, was this start of […]
Archive:
Economics Week Ahead
Last week’s data was more or less in-line with my expectations; excluding the stronger than anticipated manufacturing numbers. However, for the reasons I outlined in my previous posting, considerable downside risks remain in place for the ISM over the coming months. Friday’s lower than expected payroll data combined with deteriorating jobless claims has likely convinced […]
Looking back to last week, as we expected the market was unable to maintain the upward momentum it experienced the week prior. This was due to weaker than expected data from the consumer sector and financial related news. The Dow and S&P500 ended the week down 1.17% and 1.08%, respectively, and we could have more […]
As I expected the Fed cut rates by 75bp. However, we did see Governor Plosser and Fisher dissent on the decision, both wanting smaller cuts. This is interesting news because I now believe we may be closer to the end of the current rate cut cycle than I originally thought. This may be good news […]
Despite the news from Bear Stearns and a weak retail sales report, the Dow actually ended the week up 0.48%. Nonetheless, there isn’t much else to boast about; the NASDAQ ended unchanged while the S&P500 lost 0.40%. However, the CPI release surprised the market by coming in well below expectations and showing no increase for […]
Last week’s performance was pretty much in-line with our expectations, as outlined in our March 2nd post. But what’s going to happen this week? The beginning of this week is going to be relatively quiet on the data front. However, we will be ending the week with some important consumer related data including CPI, Retail […]
This week has some serious downside potential… Lets take a look at some of the more important indicators, and see which direction we think the risk lies verse expectations. Monday:10:00AM: ISM Mfg. Index (Risk: Downside)– Currently, the market expects a reading of 48.1, verse 50.1 from the prior month. We believe given the poor performance […]