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"We think they are days from failure. They think it is a temporary problem. This disconnect is dangerous."

Friday, May 31, 2024

Daily Economic Update: May 31, 2024

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We end May with the anticipated PCE (inflation) report.  Following yesterday's slide in yields on a GDP report that showed lower growth ...
Thursday, May 30, 2024

Daily Economic Update: May 30, 2024

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A rough day for stocks, despite NVIDIA being up again.  American Airlines took it on the chin despite data that shows Americans are travelin...
Wednesday, May 29, 2024

Daily Economic Update: May 29, 2024

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The news yesterday was centered around consumer surveys, Fed's Kashkari, poor 2 & 5 year auctions and of course AI fueling another N...
Tuesday, May 28, 2024

Daily Economic Update: May 28, 2024

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With the Nasdaq at all-time highs, the week ahead sets up as follows with PCE on Friday as the highlight. Tue: Fedspeak, home price index, c...
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Friday, May 24, 2024

Daily Economic Update: May 24, 2024

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Yesterday was a tough day for equities despite the previous evenings NVIDIA earnings.  The stronger than expected flash PMI's seemed to ...
Thursday, May 23, 2024

Daily Economic Update: May 23, 2024

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Stocks fell (in the normal trading, but NVIDIA reported after hours), yields rose as FOMC Minutes (meeting ended May 1, 2024), skewed hawkis...
Wednesday, May 22, 2024

Daily Economic Update: May 22, 2024

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S&P 500 hits a new record.  Yields were down slightly, but overall it was another quiet day.  Gov. Waller says that in the absence in hi...
Monday, May 20, 2024

Daily Economic Update: May 21, 2024

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Is Morgan Stanely's Mike Wilson switching from market bear to bull a sign of the top or should we just give the guy some credit for bein...
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Edward Quince
I needed a pseudonym. An IT specialist suggested Edward Quince. It seemed fine to me. Quince, Edward "QE" go figure
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