Updates – Macro Trend

Home Depot is one of the largest importers in the country. Yet with congested ports, container shortages and Covid-19 outbreaks slowing shipments, the company made a decision: It was time to get its own boat. “We have a ship that’s solely going to be ours and it’s just going to go back and forth with 100% […]

American consumers are spending more freely as the economy opens up further, Bank of America CEO Brian Moynihan said Monday. Transaction volumes on customers’ credit and debit cards and over the Zelle payment network have grown by 20% so far in 2021 compared to this point in 2019, Moynihan told CNBC’s Becky Quick on “Squawk Box.” The comparison excludes […]

Christopher Cain BI Equity Strategist Rare Cheap-Valuation, Momentum Kinship in U.S. Stocks May Stick (Bloomberg Intelligence) — The overlap in S&P 500 stocks categorized both among the cheapest 20% and with the best momentum extends to 30, one of the highest in over a decade, and we believe such overlap could occur more often for […]

Friday, June 11, 2021 06:00 AM By Olivia Rockeman and Sarina Yoo Consumer price index seen at 3.8% or higher through year end GDP growth forecasts also revised up through rest of 2021 (Bloomberg) — Economists’ inflation expectations keep rising as a variety of key metrics underscore building price pressures. Forecasters raised their estimates for the consumer price […]

Tuesday, June 8, 2021 07:08 PM By Bloomberg News Producer prices rose 9% year-on-year in May, above 8.5% est. The pass-through to consumer inflation has been limited (Bloomberg) — Surging commodity costs drove China’s factory-gate inflation to its highest level since 2008 in May, further adding to global price pressures. The producer price index climbed 9% from […]

Wednesday, June 9, 2021 02:00 AM By Olivia Rockeman and Reade Pickert Restaurants, hotels hiring fast, some offering sign-on bonuses Growth in pay risks inflation spark; some see it as temporary (Bloomberg) — An unexpected jump in U.S. wages has given financial markets a new reason to worry that higher inflation may be here to stay. Consumer prices […]

By Chuin-Wei Yap (Dow Jones) — HONG KONG — A yearlong steep climb in commodity prices is testing an economics maxim: High prices cure themselves by spurring supply and quenching demand. Languishing commodity prices led producers to slash capital spending on major resources by nearly half over the last decade, shrinking stocks of industrial metals […]

Tuesday, June 8, 2021 06:45 AM By Liz Capo McCormick and Rich Miller 5-year, 5-year forward rate is now consistent with Fed goal Former Fed official Sack says further climb would be problem (Bloomberg) — The economist who helped change the way the Federal Reserve assesses long-run inflation expectations says their current level means the central bank needs […]

After a calm spring, the stock market appears poised to push higher once again, according to JPMorgan’s Marko Kolanovic. After a dramatic comeback in 2020 and strong start to this year, the equity market has been stuck in neutral in recent weeks. The S&P 500 is trading near a record high, but has been bouncing around the […]

Inflation may look like a problem that will go away, but is more likely to persist and lead to a crisis in the years ahead, according to a warning from Deutsche Bank economists. In a forecast that is well outside the consensus from policymakers and Wall Street, Deutsche issued a dire warning that focusing on […]