Last week was relatively quiet on the economic data front, but the indicators released pointed to continued economic strength ...

I. Bonds The Economist just rang the all-clear siren for the bond market (chart). It is safe to buy bonds now that the front ...

Bond yields edged down last week. As a result, the S&P 500 edged up, led by interest-rate-sensitive sectors. The AI-related ...

I. Bonds The global bond market remains jittery, though yields may be starting to stabilize after their rout in recent months ...

Is the bond selloff the Revenge of the Bond Vigilantes, i.e., a looming debt crisis? Not yet. Despite the recent surge, the 10-year Treasury yield remains below the growth rate of nominal GDP. That ...

We have spent much of the past few months marveling at Corporate America's Fabulous Earnings Momentum (FEMO). S&P 500 earnings per share growth approached 30% y/y in Q1 and accelerated to more than 50 ...

Today, Ed and Elias take a deep dive into core inflation, i.e., minus volatile food and energy prices. The Fed’s preferred measure, the core PCED, justifies tightening monetary policy—both the recent ...

I. Blue skies ahead for earnings? We are now seven years into our Roaring 2020s thesis, which remains our base case for the rest of the decade, and it has played out very well so far. When we first ...

I. Is Wage Growth Accelerating? Wage growth signals labor market conditions. Just as shortages of goods tend to push prices higher, worker shortages tend to push wages higher. When labor demand ...

The S&P 500 fell 0.3% last week. Energy (OW) and Information Technology (MW) led the week’s sector performance derby, both up 1.4%. Utilities (MW) was the only other gainer, up 0.7%. Health Care (OW) ...

Corporate profits are the economy's lifeblood. As Dr. Ed explains in his 2021 book, In Praise of Profits, profits are not merely a reward for economic success; they also drive the economy. Strong ...

The Bond Vigilantes have gone wild worldwide, pushing government bond yields higher in developed and emerging markets alike. A month ago, we asked whether rising yields reflected stronger growth, ...