Deep Dive

The stock market discounts earnings over the next 52 weeks. How do we know this? Most industry analysts provide earnings…

Joe and I have recently observed that the S&P 500 has a breadth problem. This is a widely recognized…

We have been on Wall Street as economists and strategists for more than 40 years. Over that entire period, doomsters…

The announcements have come fast and furiously. Anyone who has anything to do with AI is broadcasting it to the…

The persistently strong demand for labor has surprised everyone from soft landers to hard landers. Fed officials are flummoxed. They’…

The Q4-2022 earnings season is over. Joe reports that S&P 500 earnings data are out for the quarter. We…

We think we coined “rolling recession” back in the mid-1980s to describe the economic slowdown that many feared would turn…

Fed officials have indicated that they’d rather see stock and bond prices fall than continue to rise, as they’…

This week, both Microsoft and Google made announcements touting their artificial intelligence (AI) prowess and plans as they battle to…

The FOMC’s two-day meeting ends tomorrow. At 2:00 p.m., the committee will issue its statement, and at…

It’s hard to be a contrarian for very long these days because the consensus seems to change so quickly.…

Bond yields fell and stock prices rose in response to Fed Chair Jerome Powell’s speech today at the Brookings…