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Daily Market Commentary

A Major Obstacle to the Energy Transition

By Eric Theriot, Feb 12, 2024

The supply side of the energy transition is well on its way, but the demand side of the equation...

Tesla Is On Sale- Is It Time To Buy?

The Magnificent Seven continue to lead the market higher as they did last year. However, one of the...

NYCB Is Downgraded And Contagion Fears Increase

Late Tuesday night, Moody’s downgraded NYCB’s credit rating to BB, putting it in junk...

China Stocks In Freefall, Government To The Rescue

In early 2021, China’s CSI 300 Index, representing the top 300 stocks traded on the Shanghai...

CRE Contagion – Which Banks Are At Risk?

The price of New York Community Bank (NYCB) was cut in half last week as it drastically increased...

The Treasury Has Plenty Of Flexibility, Despite The Warnings

Bond bears have warned that the Treasury will overwhelm the market with debt, pushing yields much...

The ASA Staffing Index

We believe that the clearest sign of a coming recession is weakness in the labor markets. Thus far,...

As Goes Rent Goes Inflation

On a few occasions, we have shared data on the differences between real-time rent inflation versus...

Is Another Price Wage Spiral Like The 1970s Likely?

We recently published Part Two of a series comparing inflation in the 1970s to today. Part Two...

Profit Margins Are Normalizing

Since peaking in the first quarter of 2022, the net profit margin on the S&P 500 has generally...