The resilience of the US economy continues to exceed our expectations. With encouraging progress toward ending the pandemic, and massive fiscal stimulus in place—and more likely coming soon, our prior economic growth forecasts may prove overly conservative. In...
The level of US debt, already elevated before COVID-19 hit, skyrocketed as Congress put into place much needed fiscal stimulus in response to the pandemic, and it may jump again as the Biden administration targets its stimulus goals. Markets have seemed unfazed by...
US: S&P 500 Index -0.9%, Dow -2.0%, Nasdaq -0.7% Europe: STOXX Europe 600 -1.1%, German DAX -3.3%, France CAC 40 -2.1%, U.K. FTSE 100 +0.6% Asia: Japan Nikkei -1.5%, China Shanghai Composite -4.4%, Korea KOSPI -2.0% Global/Regional: MSCI ACWI -1.4% MSCI...
Macro View Daily Insights LEI continues to support a strong economy. The Leading Economic Index (LEI) jumped 0.2% in May, after being up 0.4% each of the past two months. Although it was expected to be up 0.4% this time around, it still shows an improving economy....
The Dow is officially down 8 days in a row for the first time since March 2017. Should it finish in the red today, that will tie its longest losing streak since 1978. What does it mean though? Well, for starters, in the face of this weakness, we’ve seen small caps and...
