Deep Dive

Artificial Intelligence is just one of several technological innovations that are likely to drive the economy during the Roaring 2020s.…

Economists who are still forecasting a recession typically offer four reasons. First is the inversion of the yield curve. Second…

When the Fed started to raise interest rates aggressively last year, there was lots of speculation that it would cause…

Earnings I: The Past The Q1 earnings season is over, and the final numbers are in. They were better-than-expected results,…

The stock market discounts earnings over the next 52 weeks. How do we know this? Most industry analysts provide earnings…

Joe and I have recently observed that the S&P 500 has a breadth problem. This is a widely…

We have been on Wall Street as economists and strategists for more than 40 years. Over that entire period, doomsters…

The announcements have come fast and furiously. Anyone who has anything to do with AI is broadcasting it to the…

The persistently strong demand for labor has surprised everyone from soft landers to hard landers. Fed officials are flummoxed. They’…

The Q4-2022 earnings season is over. Joe reports that S&P 500 earnings data are out for the quarter.…

We think we coined “rolling recession” back in the mid-1980s to describe the economic slowdown that many feared would turn…

Fed officials have indicated that they’d rather see stock and bond prices fall than continue to rise, as they’…