Archives for January, 2024

  1. January 29, 2024

    In the last quarter of 2023, the US economy had the perfect landing as the overall economy grew at a 3.3% rate with hardly a blemish. The consumer continues to drive our prosperity, ultimately dictating corporate earnings growth. 1 Simultaneously, the Fed’s preferred… More >>

  2. January 22, 2024

    This Friday we will get another report on U.S. Personal Income, and I suspect it will continue to show real wage growth – that’s wages growing at a faster pace than inflation. This has been a trend for almost a year. 1 This one data point is really the key driver to… More >>

  3. January 16, 2024

    We continue to focus on inflation as a primary driver for macro allocation. Inflation is going to determine interest rates and interest rates almost always impact the future value of investments like stocks, bonds, and real estate. Recent consumer price data continues… More >>

  4. January 8, 2024

    The recent jobs report supports the ongoing narrative that the economy is on a “soft landing” trajectory. The U.S. economy added 216,000 jobs in December, while the 3-month average continues to trend downward. It’s almost the perfect scenario for a “soft landing.” 1… More >>

  5. January 1, 2024

    Equity markets rose in the fourth quarter, with the S&P 500 gaining more than 24% for the full year as investors have been navigating a steadily growing U.S. economy and an end to the Fed’s rate hiking cycle. 1 Take a look at how we see the coming quarter by… More >>