Three of the world’s major central banks held their policy meetings last week and issued statements in line with what we anticipated and  expressed herein. Asset

One of the most watched consumer sentiment surveys is the one performed monthly by the University of Michigan (it’s an input to our macro

6/14/18 (Thursday) The Fed and the ECB meetings played out precisely as we scripted  yesterday: The Fed was more hawkish with 4 hikes this year

Currencies have my attention this week; particularly the U.S. dollar and the Euro. The U.S. Fed has been locked in a two-day policy meeting

As you’ve noticed, we’re not the least bit shy in expressing our concerns over the potential for an increase in protectionism between us and

Three of the inputs to our PWA Macro Index have to do with sentiment among small business owners; the folks who employ 2/3rds of

Keeping this week’s message brief, as there’ll be quite the number of pending issues we’re likely to circle back with over the next few

The notion that the U.S. middle class is being “hollowed out” has been a curiously popular one for years. This morning I’m borrowing Don