Through Monday, 450 (90%) companies have reported, and the year-over-year annualized quarterly growth rate stands at 10.48%. This is slightly below recent quarters, but well above pre-reporting season estimates.
Today's topics include an interview with Treasury Secretary Scott Bessent, extending China trade talks, new BLS nominee, stagflation concerns, more on the Nvidia revenue deal with White House, little recession talk, and financial regulation: how to decipher what's necessary & what's not
The implementation of AI across the U.S. economy comes with challenges and caveats that will influence the new technology's overall impact on long-term potential growth.
The Commitments of Traders report enables investors to track changes in positions among various groups of traders/investors.
Today's topics include previewing tomorrow's CPI report, Trump getting interested in the stock market, debating immigration's impact on labor market, could Miran bring more dissents to FOMC meetings?, timing the rate cuts, overhauling the BLS, who will pay for tariffs?, AI winners & losers, and housing supply & demand
Expanding on increasing potential growth, labor productivity represents capital investments in the United States and changes in total factor productivity, a measure of technological progress and innovations' impact on the economy.
Today's topics include Miran to gain a second job & fill Kugler's seat on FOMC, is Waller still a top pick?, stock market concentration, U.S. vs international stocks, taking a hands-on approach to domestic multinational companies, tariff income, more on BLS data, and tokenization timeline
Household debt in the U.S. stood at $18.39 trillion in the second quarter.
Credit utilization has returned to pre-pandemic levels.