Whatever it is that Wall Street is worried about these days, it does not seem to be inflation, employment, or high oil prices. Read More
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Today's PCE numbers for March were consistent with Wall Street's expectations, so they won't change the narrative regarding inflation and monetary policy this week. Read More
Today's decision by the FOMC to leave its policy rate unchanged came as no surprise on Wall Street, but opposition to an easing statement by three committee members may portend a contentious meeting in June. Read More
There are some stocks trading outside the blast zone of the Iran war that have managed to gain a lot of ground this year, including these two memory device manufacturers. Read More
The drop in new residential construction building permits in March is worth noting since that could adversely impact the economy over the summer if it persists into next month. Read More
An FOMC rate decision, the March PCE report, and high options premiums are on my mind this week. Read More
Wall Street is betting on an end to the war in Iran soon, so any delay in achieving that result could send stocks lower next week. Read More
I believe Southwest Airlines will emerge as one of the long-term beneficiaries of the war in Iran once there is more clarity regarding jet fuel prices and the competitive landscape. Read More
This morning's surprisingly strong retail sales report for March is one more reason why there is no need to cut interest rates soon to stimulate the economy. Read More
Bond yields, retail sales, and consumer sentiment are this week's major data points. Read More