Bryan Perry
Rising Commodity Inflation Will Pressure Fed to Keep Rate Cuts on Hold
Last year’s fourth-quarter downtrend for inflation looks to have bottomed out at just under the 3% level, at least for the time being. Super sticky components of shelter and services are not showing signs of softening anytime soon, and professional services also continue to remain elevated, especially medical, insurance and education. Both the PCE Price […]
A Bullish Earnings Season Can Fix a Troubled Market
The current stock market correction has its roots going back to April 4, when the S&P 500 broke its short-term 20-day moving average, three days after Israel destroyed the Iranian consulate annex building adjacent to the Iranian embassy in Damascus. That action put into motion a high-profile chain of geopolitical events, coupled with a much […]
Geopolitics and Rising Volatility Take Hold of Market Landscape
The full-scale invasion by Russia into Ukraine began on February 22, 2022. At that time, the S&P 500 was trading at 4,500. As of last Friday, it traded around 5,123, representing a 13.8% gain over the 26-month period. Not great, but not bad either. The Nasdaq was trading at 13,400 and closed last Friday at […]
Red Flags Raise Market Volatility
An interesting development occurred late last week when the employment data was released showing the economy added 303,000 non-farm jobs to payrolls, a full 50% more than had been forecast. Nonfarm Private Payrolls increased 232,000, also considerably higher than the 160,000 estimate, which followed the ADP Employment report for March that showed an increase of […]
Bulls Embrace New Market Leadership
The bullish narrative remains intact following Friday’s release of the Personal Consumption Expenditures (PCE) index, showing a gradual slowing in the Fed’s preferred inflation gauge, coupled with a short-term rebound in household spending. It was kind of the best-of-expectations report, but one that probably will hit some resistance with oil prices trading above $83/bbl, implying […]
It’s Time to Consider Securing Longer Term Yields
Aside from the NVIDIA GTC conference, which was a huge success for the company’s stock and for the tech sector in general, the release of the Fed’s dot plot plan might have actually delivered more thunder to the bullish narrative for the stock market. Prior to the Federal Open Market Committee (FOMC) meeting, Bank of […]