The Road to Lower Inflation Takes a Detour The rate of inflation is accelerating. That’s not how we hoped to start this week’s Insights. Take a moment and review Figure 1. The 4-month moving average has broken out of its long-term downward trend (red-dashed lines). On...
No Matter How You Slice It and Dice it… The latest employment numbers from the U.S. Bureau of Labor Statistics (BLS) point to a robust job market. On Friday, the U.S. BLS reported that nonfarm payrolls rose 303,000 in March, well ahead of expectations. It’s not simply...
Inflation Makes a Play, Investors Ignore There was a brief pause as the new year began, but for all practical purposes, markets put on quite a show in the first quarter of 2024, with the Dow, the Nasdaq Composite, and the S&P 500 Index setting multiple records....
