Technology

Disintermediation: New Problem For The Fed

Mar 10, 2023 2 min read

Yesterday's sell-off in the stock market was led by bank stocks. It was mostly triggered by fears that SVB may be the start of a financial crisis that leads to an economy-wide credit crunch and recession. As it has done often in the past, the inverted yield curve has been signaling since last summer that something could break in the financial system if the Fed continues to tighten

Ed Yardeni

US Production and LEI Signaling Softish Landing

Jun 17, 2022 2 min read paid

There was a tiny hint of a manufacturing recession in May's industrial production index, which was reported today. It is one of the four components of the Index of Coincident Economic indicators (CEI). May's Index of Leading Economic Indicators (LEI), also reported today, is signaling slower economic growth ahead as well: (1) The LEI, which remains near its recent record high, fell in May by 0.

Ed Yardeni

Tech Has Had a Rough Year, but What Comes Next?

May 28, 2022 3 min read

The front cover story of the May 30 BusinessWeek is titled THE GREAT TECH ROUT (linked below). Might this be the latest contrary indicator for bullishly-inclined investors? The story was actually posted on Bloomberg on Thursday, May 26 at 12:01 AM EDT. The Nasdaq fell to the year's low of 11,264.45 on Tuesday, May 24. It was up 7.7% by Friday's close.

Ed Yardeni

Comparative Tech Wrecks

May 19, 2022 1 min read paid

Are we experiencing Tech Wreck 2.0 similar to Tech Wreck 1.0 of the early 2000s? That's unlikely. The S&P 500 IT sector's market-cap share soared to a record high of 32.9% during March 2000.

Ed Yardeni

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Disintermediation: New Problem For The Fed

US Production and LEI Signaling Softish Landing

Tech Has Had a Rough Year, but What Comes Next?

Comparative Tech Wrecks