STATUS CHECK: ALL TOGETHER NOW, LET’S POLARIZE FURTHER
WASHINGTON (MaceNews) – The following is Tuesday’s status check of developments in the U.S. that can influence economic, health and political outcomes: Democrats and President Trump and some Republicans and President Trump traded insults through the day and into prime time. “Colin Powell is a Neocon WMD hoaxer, so of course he’s appearing at the […]
BoA GLOBAL FUND MNGR SURVEY: INVESTORS INCREASE EQUITY HOLDINGS, TRIM BOND UNDERWEIGHT
–Inflation Concerns Broaden –US Election Deemed 3rd Biggest Tail Risk, Behind Covid/US-China Trade By Vicki Schmelzer NEW YORK (MaceNews) – Global investors polled in August were confident enough about global growth to increase their equity holdings and pare back their bond underweight, according to the findings of the BofA Global Research’s monthly fund manager survey, […]
DATA FLASH: JULY HOUSING STARTS SURGE, SUGGEST SUPPLY SURGE
By Kevin Kastner WASHINGTON (MaceNews) – The U.S. July home building data, released Tuesday, were much stronger than expected and show that the record low mortgage rates are encouraging an increase in supply to meet the demand for new homes. The pace of housing starts rose by 22.6% to a 1.496 million annual rate, well […]
STATUS CHECK: NOT THE TIME TO PINE FOR NATIONAL UNITY AS ELECTION APPROACHES
WASHINGTON (MaceNews) – The following is Monday’s status check of developments in the U.S. that can influence economic, health and political outcomes: “I wish that when we went into lockdown we looked like Italy.” Quote of the day, from Dr. Deborah Birx, Corona Virus Task Force coordinator, to KARK-TV. Is it true, as she said, […]
DATA PREVIEW: REDUCED NORTHEAST CASES LIFT FACTORY DATA
By Kevin Kastner WASHINGTON (MaceNews) – After a busy week, the upcoming data schedule is a bit lighter. After being hit hard by COVID early in the spring, the Northeast region has seen a sharp improvement that will translate into further strengthening in manufacturing conditions for August. The New York Fed’s Empire State reading, to […]
DATA FLASH: US JULY RETAIL SALES WEAKER THAN EXPECTED, UP 1.2%
–Retail Sales Excluding Motor Vehicles Up 1.9%; Vehicle Sales Fall 1.2%–Nonfarm Productivity Surges Despite Output Decline; Workweek Drops–Industrial Production Rose 3.0%; Manufacturing, Utilities, Mining All Up–Preliminary August Michigan Sentiment Ticked Up to 72.8 From 72.5–Business Inventories Fall 1.1% in June, Business Sales Surge 8.4% By Kevin Kastner WASHINGTON (MaceNews) – Retail sales rose further in […]
STATUS CHECK: MIDDLE EAST BREAKTHROUGH; VIRUS RELIEF STALEMATE
WASHINGTON (MaceNews) – The following is Thursday’s status check of developments in the U.S. that can influence economic, health and political outcomes: An authentic though preliminary breakthrough, a third Arab country normalizing relations with Israel. With the UAE’s agreement, Israel suspends its claims of sovereignty over the West Bank claimed by Palestinians for a future […]
DATA FLASH: US INITIAL CLAIMS DIP AS FUTURE STILL UNDER DEBATE
–Initial Claims -228,000 to 963,000; First Reading Below 1 Million Under COVID–July Import Prices Rose 0.7%, But Only 0.2% Ex. Fuels By Kevin Kastner WASHINGTON (MaceNews) – As Congress and the White House continue to spar – or currently refuse to spar – on the future of the enhanced jobless claims program, initial claims fell by […]
STATUS CHECK: A FED VOICE SURPRISINGLY TRIES TO JOG SLEEPWALKING UNITED STATES
WASHINGTON (MaceNews) – The following is Wednesday’s status check of developments in the U.S. that can influence economic, health and political outcomes: It was unexpected and significant, when of all people the president of a Federal Reserve Bank spoke up to say something is seriously wrong in how the country is preparing for the next […]
FED’S ROSENGREN: SLOWDOWN EVIDENT IN HIGH-FREQUENCY DATA LIKELY TO CONTINUE
–‘Inconsistent’ Efforts by States Likely to Prolong Downturn NEW YORK (MaceNews)- Signs of slowing evident in recent high-frequency data are likely to persist and states are not doing enough to control the virus, Boston Fed President Eric Rosengren said Wednesday. Rosengren, in remarks for delivery at an online event hosted by the South Shore Chamber […]