Suburban elites, Range Rovers and toilet paper
Slowly, selectively, and deliberately, some states and businesses will begin to reopen this week on a limited basis as indications emerge that we may have passed the peak of the Covid-19 pandemic […]
Federal Reserve
$2 Trillion Relief Package and Geese Silently Glide in Formation
From last week’s Kenny’s Commentary… “As volatile as U.S. equity markets were last week, it does appear on the chart above that the selloff that has dragged markets sharply lower […]
Unsettling Economic Data
We are beginning to witness slippage in the economic vitality that has provided the underpinning for the longest running bull market in history. The slippage, detailed in the economic data […]
Fed makes emergency rate cut as coronavirus spreads
By Lindsay Dunsmuir Reuters 3/2/2020 WASHINGTON (Reuters) – The U.S. Federal Reserve cut interest rates on Tuesday in a bid to shield the world’s largest economy from the impact of […]
Tractor Beam
Not only was last week’s equity market price action constructive given the overhang provided by the Coronavirus, but that price action, when paired with other measures of investors sentiment, speaks […]
Jerome Powell’s Heads to Capitol Hill on his 2nd Anniversary at the Fed
On Tuesday and Wednesday of this week, Fed Chair Powell will be giving two scheduled speeches. On Tuesday, he will be addressing the House Financial Services Committee. Though neither was […]
“The Powell Put is in Place”
Last week’s .25 bps Fed rate cut, stronger than expected Q3 GDP(a) reading, better than expected October Employment Report, and revisions to August and September’s Employment Reports propelled US equity […]
China’s growth slows to a 30-year low, more of the same on the horizon
US equity markets, fueled by better than expected Q3 results from the financial sector and outperformance by the real estate, utility, and home builder sector, posted mixed results last week. […]
Jerome Powell, FOMC Minutes and CPI
It has become abundantly clear that we have entered an era of ultra-low interest rates in much of the industrialized world. From Japan to Germany and much of Europe, negative […]
US equity markets remain in a confirmed uptrend, but for how long?
US equity markets took the Fed’s 25 basis point rate cut and Chair Powell’s press conference in stride last week. However, the specter of risk associated with US/China trade talks […]