Weekly Gasoline Prices: WTIC Up 50% Since Early Jan
As of August 2, the price of Regular and Premium was up two and three cents, respectively, from the previous week. According to GasBuddy.com, California has the highest average price for Regular at $4.37 and Mississippi has the cheapest at $2.77. The WTIC end-of-day spot price closed at 71.26, down 0.9% from last week and up 50% from the beginning of the year.
July ISM Manufacturing Index: Demand Expanded, Consumption Improved
This morning the Institute for Supply Management published its monthly Manufacturing Report for July. The latest headline Purchasing Managers Index (PMI) was 59.5, a decrease of 1.1 from 60.6 the previous month and in expansion territory. Today's headline number was below the Investing.com forecast of 60.9 percent.
July Markit Manufacturing: Record High, Also Record Supply Delays and Price Pressures
The July US Manufacturing Purchasing Managers' Index conducted by Markit came in at 63.4, up from the final June figure and a record high. Markit's Manufacturing PMI is a diffusion index: A reading above 50 indicates expansion in the sector; below 50 indicates contraction.
Is Your Target-Date Fund Providing Enough Inflation Protection?
Inflation has been on the rise recently, raising concerns about long-run inflation and its impact on the spending power of those who can least afford it—investors approaching or already in retirement.
The Metaverse: What Every Early-Stage Investor Needs to Know
You may not be familiar with the term metaverse, but if you’ve been a consumer of popular books, movies and video games over the past 30 years or so, you probably are aware of the concept.
End of the Recovery and Reflation Trade?
The yield curve is a powerful indicator. More powerful than many others as May West reminds us. As the greatest reopening momentum now appears behind us, today, our All-Weather portfolio looks more all-weather than it did earlier in the year.
Thinking About Macro
Howard Marks doesn’t make bets on economic predictions. That’s especially true now when the biggest wildcard is inflation – a phenomenon no one fully understands. But just because something is unknowable doesn’t mean it’s unimportant. That’s why Howard has devoted his latest memo to a topic he largely disavows: macro forecasting.
A Market in Flux Equity Investment Outlook Third Quarter
Equities continued to rally in the second quarter, but the market remains undecided about whether the recent uptick in inflation is more likely to be transitory or persistent.
The Big Four: Real Personal Income in June
Personal Income (excluding Transfer Receipts) in June rose 0.7% and is up 8.8% year-over-year. However, when adjusted for inflation using the BEA's PCE Price Index, Real Personal Income (excluding Transfer Receipts) MoM was up 0.16%. The real number is up 4.7% year-over-year. Revisions were made.
Transitory, or Not Transitory? That is the Question. Total Return Outlook Third Quarter
Despite a strengthening economy in the second quarter, investors were highly focused on the Federal Reserve’s response to the recent spike in inflation data.
The "Real" Goods on the June Durable Goods Data
The Census Bureau has posted the Advance Report on Durable Goods New Orders. This series dates from 1992 and is not adjusted for either population growth or inflation. Let's now review Durable Goods data with two adjustments.