Market Overview

From 2010 through 2022, the US Energy Information Administration (EIA) calculates that global Oil demand grew by 10 million barrels per day (Mb/d). Over 60% of the demand growth was due to China’s...

The closely watched U.S. November CPI report comes out today. Headline annual inflation is seen rising 2.7% and core CPI is forecast to increase 3.3%. A "hawkish cut" scenario could emerge if CPI...

Stocks finished lower for a second consecutive day, with breadth continuing to show more losers than advancers. This trend actually began sometime last week. The NYSE McClellan Oscillator has broken...

The EUR/USD failed to hold ono its earlier gains on Monday, turning lower into the close. It has fallen further so far in today’s session with the European Central Bank's rate decision and key US...

Disinflation has stalled recently, but economists are debating if this is a temporary blip that will soon give way to a softer trend. Tomorrow’s consumer price report for November will be widely read...

Housing affordability helps explain why residential real estate transactions have reached a standstill. Over the last five years, housing prices have surged. Per the Case-Shiller 20 City Home Price...

In The Financial Times this week, Ruchir Sharma (chair of Rockefeller International) argues that “America is over-owned, overvalued and overhyped to a degree never seen before.” Warren Pies points...

Valuation & Growth As we’ve seen over the past three years, stock investors don’t like recessions, not even the no-shows. There was much anxiety about an imminent recession from January 3, 2022...

Turn on CNBC, and you will notice a bright green box permanently affixed to the bottom right corner with the ever-changing price of Bitcoin. Bitcoin is all the rage as market speculation across...

Corporations are currently producing the highest level of profitability, as a percentage of GDP, in history. However, understanding corporate profitability involves more than glancing at quarterly...

We were very bullish at the start of this year with a Street-high year-end price target of 5400 for the S&P 500. That level was surpassed on June 12. We weren't bullish enough as the stampeding...

yesterday, the VIX index was up slightly, and 10-day realized volatility began to rise from its depressed levels, as the S&P 500 moved by 60 basis points instead of its usual 25 bps. With a Jobs...

The Q3 2024 reporting season was, by one measure, the best in three years Optimism abounds across Wall Street research desks as year-end 2025 S&P 500® forecasts make their rounds Investors...

The odds still look skewed toward a softer pace of expansion for fourth-quarter GDP. However, an upgraded nowcast from the Atlanta Fed hints at the possibility for something stronger. The regional...