Markets Rotate: What’s Driving the Shift; Plus, the Dow Crosses a Milestone

January Barometer Flashes Green, a Sleepy Fed Gathering

The so-called January Barometer holds that the market’s performance in January—measured by the S&P 500 Index—tends to foreshadow how stocks will perform during the year. Since 1970, January finished higher 33 times and fell 23 times, excluding this month’s...
Forks, Knives, and Economic Clues

Forks, Knives, and Economic Clues

Let’s review one narrow economic indicator that provides a useful, though not standalone, measure of the overall economy’s health. The US Census categorizes it as ‘food services and drinking places.’ That can best be described as restaurants and bars. When the economy...
Soft December Hiring Underscores Tepid Year

Soft December Hiring Underscores Tepid Year

On Friday, the U.S. Bureau of Labor Statistics reported that nonfarm payrolls increased by 50,000 in December, underscoring a year of persistently sluggish job growth. The unemployment rate offered a glimmer of optimism, edging down to 4.4%. November’s 4.6% rate was...