Russell 2000 At Bottom End Of Range – Likely Gives Way

Did U.S. small-caps lead or lag in the past four months?  Depends on the timeframe. Post-November 8 election through the March 1 all-time high, the Russell 2000 small cap index rallied 18.4 percent.  Year-to-date through that record high, it tacked … Continued

Amidst Elevated Optimism, Caution Hat Out

posted in: Economy, Equities | 0

Peak optimism? We are increasingly beginning to hear commentators/observers use that phrase in media interviews, articles as well as on social media.  Among other things, Charts 1 and 2 are probably to blame. In the latest week, Investors Intelligence bulls … Continued

Thus Far In 2017, U.S. Stocks Risk-On Or Risk-Off?

Two thousand and seventeen has gotten off to a good start.  In the first nine sessions of the year, the S&P 500 large cap index is up 1.6 percent.  For the most part, the rally is driven by offensive sectors/industries, … Continued

December Payroll Report Ignites Hopes Of Wage Acceleration – How Justified?

posted in: Economy | 0

The last time average hourly earnings of U.S. private-sector employees grew with a three handle was April 2009 … means in the current recovery wages are yet to print growth of three percent.  December came close, with a year-over-year increase … Continued

Did NFIB just pour cold water on NFP wages enthusiasm?

posted in: Economy | 0

Jan pickup in U.S. average hourly wages after Dec drop welcome relief Nevertheless, NFIB members’ comp plans tumble big time in January Loss of high-paying oil jobs will put downward pressure on wages One of the reasons January’s employment report … Continued