Consumer sentiment falls shy of expectations, but confidence in economic policy is at a 15-year high
Consumer sentiment in October fell just short of expectations on Friday.
Thoughts on the Market
Capital Markets Update Current market conditions are repricing asset classes around an upward shifting inflation expectation and steepening yield curve. At the same time, there is fear around Federal Reserve Policy resulting in over tightening. Our research supports the view that the US is still mid cycle with strong momentum going into 2019. The labor […]
The U.S. economy is set to look good ‘for quite some time,’ Chicago Fed president says
Charles Evans sees America’s economic outlook remaining positive for the foreseeable future — but only if interest rates are hiked to above neutral, or just above 3 percent.
Rising rates rattle Wall Street, but charts point to a stock bounce, technician says
Rates are on the rise and giving a scare to stock markets, but history suggests rising rates could soon give the stock market a lift, says Oppenheimer’s Ari Wald.
Manufacturers on pace for most bullish year ever amid lower taxes and deregulation
A combination of lower corporate taxes and slashing of regulations by the Trump administration has manufacturers on pace for their most optimistic year on record, according to the latest National Association of Manufacturers survey.
Booming US economy may soon be the ‘strongest since 1999’, Kevin Warsh says
President Trump’s corporate tax cut and his business deregulation efforts are not a “sugar high,” says ex-Fed Gov. Kevin Warsh.
US weekly jobless claims drop to a near 49-year low
The jobless claims data pointed to sustained labor market strength, which should continue to underpin economic growth.
Factory orders post largest gain in 11 months
New orders for U.S.-made goods recorded their biggest increase in nearly a year in August, boosted by a surge in demand for aircraft, but signs of weakness in business spending on equipment suggested that the manufacturing sector could be slowing.
JP Morgan downgrades China stocks, predicts ‘full-blown trade war’ with US
J.P. Morgan is getting less optimistic about the trade conflict between the U.S. and China. The firm lowered its rating for Chinese equities to neutral from overweight, predicting the escalating trade war between the countries will affect the Asian country’s economy next year.
North American orders for semi-trucks surge in September
North American orders for Class 8 semi-trucks jumped 92 percent in September as trucking companies continued to struggle with tight capacity in a booming U.S. freight market, FTR, a company that tracks the industry, said on Wednesday.