December 27, 2020 | Daily JAM |
For financial markets this coming week presents another test: Will stocks continue to ignore the real economy and rally despite bad news on the jobs and income front. (I’m operating on the assumption that the financial markets will continue to ignore the “drama” of another potential government shutdown.)
June 2, 2020 | Daily JAM |
Stock prices--3068.76 on for the Standard & Poor's 500 as of 1 p.m. New York time today--continue to climb toward the all-time closing record for the S&P 500 at 3386.15 set on February 19. That makes some sense if you believe that the Federal Reserve will...
April 29, 2019 | Daily JAM, Morning Briefing, Short Term |
Put today's numbers on the economy together with those in Friday's first quarter GDP report and the picture that emerges is of a U.S. economy growing at s very solid rate with declining inflation. But where the trends on consumer incomes and spending suggest, maybe,...
August 4, 2017 | Daily JAM, Morning Briefing |
The U.S. economy added 209,000 jobs in July. Economists surveyed by Briefing.com were looking for 181,000 net new jobs in the month. Government statisticians revised the June jobs report up to 231.000 new jobs from 222,000. The official unemployment rate fell to 4.3% from 4.4% in June.