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, […]
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, […]
STATUS CHECK: BARS OR SCHOOLS? ANOTHER WEEK DEEPER INTO THE VIRUS PIT
WASHINGTON (MaceNews) – The following is Friday’s status check of developments in the U.S. that can influence economic, health and political outcomes: “Do you want want to open bars or open schools?” Best quote yet from the NIH’s Tony Fauci as his consternation becomes more tangible every day. It was Thursday when his Task Force […]
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 […]
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 […]
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 […]