STATUS CHECK: US STOCK MARKET EBULLIENCE SHOWS RARE VULNERABILITY TO VIRUS NEWS
WASHINGTON (MaceNews) – The following is Tuesday’s status check of developments in the U.S. that can influence economic, health and political outcomes: It was hard not to notice a disturbance in the Force, the force of stock market ebullience, that is. It was a strong start after Russia, however prematurely, announced it was moving to […]
STATUS CHECK: TRUMP – ‘WE’RE FINALLY HAVING IT OUT’
WASHINGTON (MaceNews) – The following is Friday’s status check of developments in the U.S. that can influence economic, health and political outcomes: · A long week about over and in an evening news conference the president of the United States says, “We’re having it out. We’re finally having it out.” He was talking about the […]
DATA FLASH: US JUNE CPI RISES 0.6% ON ENERGY PRICE REBOUND
–Core Prices Up 0.2%; Ex-Energy, CPI Up 0.3%;–Energy Prices Up 5.1% –NFIB Survey Shows Continued Improvement, Sales Outlook Sharply Improved–Redbook Weekly Retail Sales Show July Up 3.0% From June, Down 5.5% Y/Y By Kevin Kastner WASHINGTON (MaceNews) – U.S. consumer prices were above expectations as energy prices rebounded, food prices rose further and core prices […]
DATA PREVIEW: JUNE DATA SOLID, BUT COVID REBOUND LOOMS
By Kevin Kastner WASHINGTON (MaceNews) – The U.S. data for June have been generally positive, with a solid gain in nonfarm payrolls and the above-50 ISM readings for both the manufacturing and nonmanufacturing sectors. Of course, much of this was before several large states reported rebounds in their COVID-19 cases, so the silver cloud comes […]
DATA FLASH: US MAY CPI FALLS 0.1% BEFORE JUNE DEMAND PICKUP
–Core Prices Also Down 0.1%; Ex. Only Energy, CPI Up 0.1%.–Energy Prices Again Down Sharply; Foods Prices Rise on Food at Home–Owners’ Equivalent Rents Up 0.3%, Lodging Away from Home Down 1.5% By Kevin Kastner WASHINGTON (MaceNews) – U.S. consumer prices were below the flat reading expected, as energy prices declined further, but demand is […]
WHITE HOUSE WATCH COMMENTARY: AN INCONSEQUENTIAL VIRUS OBITUARY
By Denny Gulino WASHINGTON (MaceNews) – With by one count 93,382 deaths blamed on the corona virus through Wednesday, each one a life-altering tragedy for a family, there is hardly any point chronicling the death of an inanimate process which few could care about or should. Yet the passing of the early morning ritual of […]
DATA FLASH: US APRIL CPI FALLS 0.8%, CORE -0.4%, LARGEST DROP EVER
–Energy Prices Account for Most of Headline Decline; Foods Prices Up–Owners’ Equivalent Rents Up 0.2%, Lodging Away from Home Cut 7.1% By Kevin Kastner WASHINGTON (MaceNews) – Consumer prices fell as expected in April, with a plunge in energy prices the key factor due to severely reduced demand for gasoline as consumers stayed off the […]
US APRIL DATA WILL BE MORE OF THE SAME; EYES ON FRIDAY’S MAY DATA
By Kevin Kastner WASHINGTON (MaceNews) – The mid-month consumption, production and price reports for April released next week will be extremely weak, and as a result will likely be shrugged off by markets that are already numb from all the bad news. Instead, attention should be focused on next Friday’s release of the May Empire […]
BUSINESS ECONOMISTS GRAPPLE WITH OUTLOOK, TRY TO CATCH UP WITH DETERIORATION
WASHINGTON (MaceNews) – The National Association for Business Economics Monday published its latest survey of business conditions and 107 of its members concluded that the outlook has been clouded so much by the pandemic that there are few definitive conclusions at this early stage. The NABE’s averaged survey results showed a severe economic dislocation yet […]
WHITE HOUSE WATCH: RIDING THE WAVE OF OPTIMISM; WILL IT LAST?
By Denny Gulino WASHINGTON (MaceNews) – Whew, that was brutal but it’s finally over. After all, Amazon hit an all-time high, and Apple, Google, Tesla finished strong. The markets look into the future and the markets are telling us it can’t be all that bad, right? Or should we be bracing for the Second Wave? […]