James Picerno

The last full week ahead of the US election is jam-packed with key economic reports. Job openings for September are the main event. Click to read.

The backup in Treasury yields may be a warning sign that the odds are slipping that the Federal Reserve will cut interest rates again at the next policy meeting on Nov. 7.

US Q3 2024 GDP saw a robust 2.8% rise. Higher consumer spending, which accounts for roughly two-thirds of GDP, was a key driver of Q3’s advance. Read more here...

Momentum and large-cap growth factors continue to outperform, based on a set of ETFs through the close on Oct. 29. All three flavors of small caps (growth, core and value) are in last place.

Nov. 07, 2024 9:53 AM ET AOA AOK SPY USMV SMH XLU IEF SHY BND James Picerno 6.59K Follower s Follow

Real growth is projected to increase 2.0% in Q4 for the annualized comparison, down from Q3’s 2.8% advance. Click to read.

There’s been a lot of churning in markets recently, but there’s a conspicuously unwavering trend for the average trailing yield for the major asset classes. Click to read.

Hiring and firing by companies, in short, is the critical factor from a business cycle perspective vs. the minor role for government payrolls. Click to read.

The next round of central bank decisions could rank among the most challenging in recent history, perhaps in decades.

The ongoing rise in continuing claims looks worrisome, but initial claims are telling a considerably more upbeat story. Read more here...