Podcast Episodes

ISM Report

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ISM Report

Once a month the ISM report for both manufacturing and services is released by the Institute for Supply Management out of Washington. The U.S. is more service-oriented than manufacturing-focused therefore the emphasis is ISM Services which was released this morning. The number was 64.7 the highest reading in 37 years. The month before the number […]

Podcast Episodes

Commodity Super Cycle

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fifth super cycle of commodities

Recently, a highly regarded strategist at JP Morgan stated that we are entering the fifth super cycle of commodities, his name is Marko Kolanovic.  He cites the Covid recovery, very loose monetary and fiscal policy, a weak dollar, stronger inflation, and the impact of environmental policies on supply and demand. This supercycle language refers to […]

Podcast Episodes

Consumer Credit

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Borrowing by consumer

Borrowing by consumers slowed in October to $7.2 billion from $15 billion in September. That was the first time it has slowed since the economic recovery from the shutdown in March. The experts expected consumer debt to rise to $17 billion. That is a stark difference. Credit card debt fell 6.7% after rising 3.2% in […]

Market Commentary

LEI

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Every month the LEI (Leading Economic Indicator) is released. It is a compilation of 10 different economic indicators and its purpose is to gauge the future direction of the economy. A negative reading suggests that the economy will be struggling 3 to 6 months in the future. The indicator has fallen from being a strong […]

Market Commentary

Trump Wins! Does the Market?

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The surprise for the market wasn’t that Trump won the White House, though that was truly a surprise for the country.  Rather the 1,000 point drop in the futures market before the opening disappeared once the stock market opened and then reversed during early morning trading. That was truly something that most investors, including myself, […]