Cloudy with a Chance of Jobs It’s February and investors are still grappling with some of the same questions that kept them busy last month: How strong is the U.S. consumer? Will corporate earnings hold up enough to keep the market going strong? This week promises some clues, with a slew of economic data releases…Read more
Back to Basics Last week was a bit of a wake-up call. GDP growth came in below all estimates, while core PCE inflation (aka the Federal Reserve’s preferred measure of inflation) came in hotter than expected. Weaker growth, but hotter inflation… ouch. Naturally, Treasury yields rose as investor expectations shifted to even fewer interest rate…Read more
