Presumably, the upward revision to Q2 GDP is the intended near-term result of recently enacted import tariffs. However, the long-term results could be higher inflation as the full costs of those tariffs are passed on to consumers. Read More
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Now that Wall Street has recovered from last month's disturbing jobs report, it may notice that many REITs are undervalued as the Fed leans towards a rate cut next month. Read More
Since new orders for durable goods fell less than expected in July, Wall Street will ignore that number and focus on the upcoming revision to Q2 GDP on Thursday to gauge the strength of the economy. Read More
Durable goods, first revision to Q2 GDP, and July PCE numbers. Read More
I do not interpret Powell’s remarks today as proof that the FOMC will reduce its policy rate next month. Read More
Although the LEI fell slightly in July, the decline was so small that it should not alter Wall Street's bullish outlook on corporate earnings over the remainder of this year. Read More
I don't expect to see a fast turnaround given the size of the company and the complexity of the task, so I am moving Target to the PF Income Portfolio with a limit price of $114. Read More
The decrease in building permits last month offsets the gain in housing starts, so those numbers won't alter Wall Street's view of the economy. Read More
Housing Starts and Building Permits, Leading Economic Index, and small caps versus large caps are what I will be watching closely this week. Read More
Presumably, Wall Street believes that inflation will remain stable even if the Fed reduces its policy rate next month. Read More