October 31, 2023
Headline inflation in the PCE index was 0.36% in September from August The 12-month PCE inflation rate held steady at 3.4% 6-month annualized rate: +3.1% (vs 2.6% in Aug)3-month annualized rate: +3.8% (vs 3.1% in Aug) pic.twitter.com/QGapKKO2H5 — Nick Timiraos... Read More →
October 17, 2023
First, to visualize core inflation itself, recent reversal aside, we see 6-month trending downward nicely within 2023. Target for CPI is more like 2.5% (long story), and that we comfortably have something in lower half of 3% already with a... Read More →
Market Commentary 3Q 2023
KEY TAKEAWAYS Leading Indicators Still Point to Recession Deficits and Debt Back in Focus Compelling Risk/Reward for Bonds Stocks Need Broader Fundamental Support Focus on Protecting Capital ECONOMY – LEADING INDICATORS POINT TO RECESSION We continue to believe that... Read More →
October 3, 2023
Aside from oil and the Energy sector, it was a bad quarter for major asset classes. pic.twitter.com/sonk429g0q — Bespoke (@bespokeinvest) September 29, 2023 Headline PCE inflation was 3.5% over the 12 months ended August The PCE price index was +3.2%... Read More →