Paid DEEP DIVE: Inflation Tends To Be Spikey May 7, 2022 3 min read paid Why is the 10-year Treasury bond yield only around 3.00% when the latest headline CPI and PCED inflation rates were 8.5% y/y and 6.6% y/y? Why would bond investors willingly lock in such a painful negative real return? Ed Yardeni
Paid Inflation Showing First Signs of Peaking May 6, 2022 2 min read paid We are on the lookout for signs that inflation might be peaking. It’s hard to find any when we look at the price and wage data on a y/y basis. However, there are hopeful signs in numerous 3-month percent changes at annual rates. Consider the following: Ed Yardeni
Public The S&P 500 Remains In a Correction May 5, 2022 1 min read “Ugly” is the only way to describe today’s stock market selloff. The S&P 500 is down 13.5% ytd since it set a record high on January 3. So it’s still in correction territory. It dropped 3.6% today, but that was after a 3.0% jump the day before. Ed Yardeni
Public Some Bad & Good News On Unit Labor Costs May 5, 2022 1 min read Contributing to the stock market selloff today was more bad news on the inflation front. Nonfarm business (NFB) productivity dropped 7.5% (saar) during Q1. It wasn’t as bad on a y/y basis, falling just 0.6%. It’s a very volatile series on a q/q basis and even on a y/y basis. Ed Yardeni
Public Is the Worst Over For Bonds? May 3, 2022 1 min read We are keeping an eye on the Citibank Economic Surprise Index (ESI), which is highly correlated with the 13-week change in the 10-year US Treasury bond yield. The ESI measures the degree to which economic data are either beating or missing expectations. Ed Yardeni
Public Dr Ed's Weekly Webinar 5/2/22 May 2, 2022 1 min read Spooked investors have driven valuation multiples down to the low end of our projected range and deposited the Nasdaq in a bear market and the S&P 500 back in correction territory. Ed Yardeni
Public Inflation Is Deflating Valuation Multiples Apr 30, 2022 1 min read More air came out of valuation multiples this past week. Here are the forward P/Es of the major indexes at the start of this year and on Friday: Ed Yardeni
Public Regional Business Surveys: More of the Same Apr 29, 2022 1 min read April's national survey of manufacturing purchasing managers will be out on Monday. We expect that the M-PMI composite index is likely to remain around its March reading of 57.1 Ed Yardeni