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Durable Goods Oct25: Core Capex Still in Gear
We look under an ugly headline Durable Goods number that shows core activity in slow-burn mode heading into year end.
Dec 23
•
Glenn Reynolds, CFA
and
Kevin Chun, CFA
1
Market Lookback: Last Call for Unusual Behavior
The last full trading week signals a banner year for the S&P 500 and NASDAQ but still falls short of the 2024 and 2023 total return performance.
Dec 22
•
Glenn Reynolds, CFA
Existing Home Sales Nov 2025
The uptick in existing sales volumes for a third straight month is a decent way to end a rough year for housing.
Dec 22
•
Glenn Reynolds, CFA
1
November CPI: Tricky Navigation
Some relief for the stagflation story with the “-flation” part easing this month and edging closer to target range.
Dec 18
•
Glenn Reynolds, CFA
Payrolls Nov 25: Into the Weeds
Weak employment showing fewer pockets of strength with health care payroll the main source of support.
Dec 16
•
Glenn Reynolds, CFA
and
Kevin Chun, CFA
Employment Nov 2025: Bad News is Bad News
Despite inevitable shutdown asterisks, the weak 7-month trend in jobs is clear.
Dec 16
•
Glenn Reynolds, CFA
1
The Curve 12-15-25
We update the latest moves in yield curve gyrations and segment slopes as the market braces for a lot of moving parts in 2026.
Dec 15
•
Glenn Reynolds, CFA
Market Commentary: Asset Returns 12-14-25
2025 winds down with a mixed story line as evident in the dot plot, UST dynamics, and the sector rotation themes.
Dec 15
•
Glenn Reynolds, CFA
1
1
Market Lookback: FOMC Fragments, Rate Debates Murky 12-13-25
The wild finish is on for current data and a wide range of 2026 outlooks. The S&P 500 and NASDAQ total returns both look to underperform vs. 2024.
Dec 13
•
Glenn Reynolds, CFA
1
FOMC: Dot Plot Scatters for 2026
The FOMC meeting brought little clarity to a complicated market backdrop as the 2026 dot plot is not forecasting harmony.
Dec 10
•
Glenn Reynolds, CFA
Employment Cost Index 3Q25: Slowing but Above CPI
The decline in the ECI eases some cost pressure on employers but undermines the theme of relatively favorable worker wage trends.
Dec 10
•
Glenn Reynolds, CFA
JOLTS: Goldilocks' Ugly Twin
The growth bulls and the mega-easing, bull-flattener advocates likely came away feeling underwhelmed by the signals in JOLTS.
Dec 10
•
Glenn Reynolds, CFA
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