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Weekly Financial Market Updates

Consumer Expectations Improving

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  This week we received survey data on the state of consumer confidence in the U.S. The punchline: Consumers are feeling a bit better. The Conference Board publishes a monthly survey of consumer confidence. As you might imagine, confidence slumped mightily in March and April on the back of the COVID-19 scare.  But May’s survey…

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Better Days Are Ahead For The Economy

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  There’s been a lot of gloom and doom with economic data in recent weeks. Question is: are there any signs of things turning around? The answer is YES!  There are dozens of economic indicators that are released in a given month. The problem with most of these statistics is that they’re stale, measuring what…

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Are Negative Rates Coming To The US?

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This week Federal Reserve Board Chairman, Jerome Powell, gave a speech about current monetary policy. Market rumors of negative interest rates have increased in recent weeks. What did he say about that? In response to the COVID epidemic spreading in March, the Federal Reserve took aggressive action to cut interest rates to near 0%. Their…

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Will Company Earnings Recover in 2021?

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One of the puzzling things we’ve seen the last two months since the COVID crisis washed ashore in the U.S. is the dichotomy between the real economy and the stock market. On one side, the real economy is posting its worst performance since the Great Depression. Yet on the other side, the stock market is…

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It’s Official… We Are In A Recession

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This week we got our first estimate of the impact of the COVID crisis on the U.S. Economy. As expected, we’re now in recession. But the real ugly data is still to come. On Wednesday, the Commerce Department posted its estimate of first quarter economic growth for the U.S. The result? Economic activity contracted at…

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