MR.Cole_Photographer/Moment via Getty Images The US employment data blew away expectations, jumping by 353k, nearly twice the median forecast. That, coupled with the 0.6% rise in average hourly earnings, which was also twice expectations, helped drive home the Federal Reserve’s reluctance to endorse what had been market speculation of a March rate cut and an…
Douglas Rissing This article discusses the big divergence between U.S. fiscal policy and U.S. monetary policy over the past year, and how that impacts various parts of the economy differently. It also takes a look at how the United States, Europe, and China have sharply diverged from each other on these policies. The Fed vs…
ronniechua After a 25% gain in 2023 the SPDR® S&P 500 ETF Trust (NYSEARCA:SPY) now faces three major near-term headwinds that combine with extreme valuations to create an exceptionally poor risk-reward outlook. These include an array of bearish divergences across US assets, widespread complacency in options markets, and excessive optimism about Fed rate cuts. The…
Olivier Le Moal By Rachel Young Tolerance for disappointment has worn thin. Despite a strong start in 2023, the CCC ratings bucket has recently lost its momentum. The category has underperformed higher-quality rating cohorts since mid-September within both the high yield and leveraged loan indices by 315 and 138 basis points, respectively.1 This relative weakness…
FG Trade Latin/E+ via Getty Images During the past couple of years, most of the companies in the food market did quite well. Many of them were able to push inflationary pressures onto their customers. But it was only a matter of time before that trend ceased or even reversed. Earlier this year, the CEO…
The Good Brigade/DigitalVision via Getty Images Teen employment was mostly flat to lower in September 2023. After seasonal adjustments, some 5,570,000 Americans Age 16 through 19 were counted as having jobs during the month, down 14,000 from August 2023’s level. As a percentage of the Age 16-19 population, the share of working teens dipped from…
AaronAmat/iStock via Getty Images Introduction Hims & Hers Health (NYSE:HIMS) is a digitally-native, fully-verticalized telehealth platform that provides consumers access to high-quality medical care. The company’s mission is to help the world feel great through the power of better health, by connecting patients to a highly-qualified provider network as well as enabling access to treatments…