Laying Out The Bullish Case

It may seem a bit odd for me to talk about why someone might buy shares on a day when retail sales in the US were down 1.1%. But that's what's been on my mind all morning. I think the genesis of it is a conversation I had with Jay Pelosky…

Big miss on jobs numbers

The report on the US Employment Situation for November 2020 was released today. And the headline job growth number was poor, a miss of over 200,000 jobs. But as I write this, markets are mostly of a bullish mindset, looking through this…

Pre-inaugural fiscal relief unlikely

I want to take stock of the economic landscape in the US now that the Thanksgiving holiday is past. There are three decisive variables in my view. The first is the ability of the healthcare system to deal with the coronavirus and keep…

Europe double dips as the US expands

Lockdowns are very destructive for growth. We know that from the record-setting declines in GDP from the first global lockdowns back in the Spring. And we are getting a renewed sense of that fact now as Europe's economy has contracted under…

Addendum on divided government

In the last post, I linked to the wrong video at Real Vision. The one I linked to was about Europe's shutdowns and a worsening Covid-19 pandemic. I wanted to link to Monday October 26th discussion. Here is the link. I also found a comment…

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More