The jobs report, to begin with, was a direct challenge to the 'inevitable recession' narrative, with the completely unexpected surge of more than a half-million new jobs being created in January, combined with the lowest unemployment rate since 1969.
Monthly Archives: February 2023
16 posts
Fresh earnings reports fueled further gains, with positive earnings surprises from several big-name technology companies that benefited the larger universe of Nasdaq-listed high-growth companies.
Markets are returning from the extended weekend on the wrong foot, with hotter-than-expected economic data and weak corporate guidance from Home Depot and Walmart battering asset prices.
The adoption of renewable energy is accelerating, particularly wind and solar power, as governments and corporations ramp up decarbonization efforts to minimize the impacts of climate change.
The recent blockbuster jobs report has also created a narrative that perhaps the Fed can achieve the ever- elusive 'soft landing.' However, as I write this blog post, the consensus is still projecting negative GDP to show up in the second and third quarters of this year.
The survey, conducted by Global X Research in February 2023, aimed to gauge consumer sentiment on generative AI, its impact on the job market, and its coexistence with humans.
The strong retail sales data for January, combined with a hotter than expected CPI yesterday and the burning hot jobs number from 12 days ago, continues to weigh on the disinflationary outlook.
The increasing use of digital payments in the United States is driving demand for tap-to-pay options and providing cost-effective solutions for merchants to digitize.
Short-term interest rates and the dollar are continuing their rapid advances today, but it appears that equity traders are torn between nervousness and the recent rekindling of their love affair with buying dips.
As investors put 2022 in the rearview, January's average ETF inflow was doubled, with non-US equities leading the charge.
The gradual comeback in China could spur economic growth, potentially providing support for the global economy during 2023, as international equities outperformed U.S. equities in January.
Is the bear market over? That's a question I've been asked a number of times in recent weeks, and my answer is the same: let's give it a little time.