The Latest on Inflation

The Latest on Inflation

The latest Consumer Price Index (CPI) report from the U.S. Bureau of Labor Statistics (BLS) provided investors with a modest sense of relief when it was released last Wednesday. According to the BLS, headline CPI rose 0.5% in May and is up 4.2% compared to a year ago,...
Hiring Ramps Up

Hiring Ramps Up

Well, that was a pleasant surprise. The US Bureau of Labor Statistics (BLS) reported that nonfarm payrolls rose by 172,000 in May, more than double the 80,000 economists had expected, according to a Wall Street Journal survey. On top of that, the most recent readings...
An AI Boost to Jobs

An AI Boost to Jobs

“AI Is Erasing Entry-Level Jobs—and the Training That Comes with Them,” according to a January story from Forbes. That, at least, is the conventional wisdom. But does the conventional wisdom collide with reality? There may be some good news brewing on the job front,...
Bond Yields on the Rise

Bond Yields on the Rise

What’s driving bond yields higher? Since the recent low, the 10-year Treasury yield has climbed nearly three-quarters of a percentage point. The 10-year is a key benchmark because many borrowing rates, including mortgage rates, closely track its movements. We’ve also...

A Profits Gusher

S&P 500 corporate profits are surging in the first quarter, helping to push both the S&P 500 Index and the tech-heavy Nasdaq Composite to new highs this month. Let’s quickly run through the numbers. With 90% of S&P 500 companies having reported Q1 results...