Sitemap - 2025 - Macro4Micro

Existing Home Sales April 2025: Soft but Steady

Credit Snapshot: Lithia Motors (LAD)

Footnotes & Flashbacks: Credit Markets 5-19-25

Home Starts April 2025: Metrics Show Wear and Tear

Footnotes & Flashbacks: State of Yields 5-18-25

Footnotes & Flashbacks: Asset Returns 5-18-25

Mini Market Lookback: Tricky Ingredients, Shifting Moods

Industrial Production April 2025: CapUte Mixed but Time Will Tell

Retail Sales April 25: Shopping Spree Hangover

CPI April 2025: 1st Inning for Tariffs and CPI

Credit Spreads: The Bounce is Back

Footnotes & Flashbacks: Credit Markets 5-12-25

Footnotes & Flashbacks: State of Yields 5-11-25

Footnotes & Flashbacks: Asset Returns 5-11-25

Mini Market Lookback: When in Doubt, Get Forcefully Ambiguous

US-UK Trade: Small Progress, Big Extrapolation

Credit Snapshot: PulteGroup (PHM)

Tariffs: A Painful Bessent Moment on “Buyer Pays”

Trade: Uphill Battle for Facts and Concepts

Credit Snapshot: Toll Brothers

Footnotes & Flashbacks: Credit Markets 5-5-25

Footnotes & Flashbacks: State of Yields 5-4-25

Footnotes & Flashbacks: Asset Returns 5-4-25

Mini Market Lookback: Inflated Worry or Slow Train Wreck?

Payrolls April 2025: Into the Weeds

Payroll April 2025: Moods and Time Horizons

Construction: Singing the Blues or Tuning Up for Reshoring?

Employment Cost Index 1Q25: Labor is Not the Main Worry

1Q25 GDP: Into the Investment Weeds

PCE March 2025: Personal Income and Outlays

1Q25 GDP Advance Estimate: Roll Your Own Distortions

JOLTS Mar 2025: No News is Good News

Tariffs: Amazon and Canada Add to the Drama

Credit Snapshot: D.R. Horton (DHI)

Footnotes & Flashbacks: Credit Markets 4-28-25

Footnotes & Flashbacks: State of Yields 4-27-25

Footnotes & Flashbacks: Asset Returns 4-27-25

Mini Market Lookback: Earnings Season Painkiller

Existing Home Sales March 2025: Inventory and Prices Higher, Sales Lower

Durable Goods March 2025: Boeing Masking Some Mixed Results

Equipment Rentals: Pocket of Optimism?

Credit Snapshot: Herc Holdings (HRI)

New Home Sales March 2025: A Good News Sighting?

Footnotes & Flashbacks: Credit Markets 4-21-25

Footnotes & Flashbacks: State of Yields 4-20-25

Footnotes & Flashbacks: Asset Returns 4-20-25

Mini Market Lookback: The Powell Factor

Ships, Fees, Freight & Logistics Pain: More Inflation?

Home Starts Mar 2025: Weak Single Family Numbers

Credit Snapshot: Service Corp International (SCI)

Retail Sales Mar25: Last Hurrah?

Industrial Production Mar 2025: Capacity Utilization, Pregame

Credit Snapshot: Lennar (LEN)

Credit Snapshot: Iron Mountain (IRM)

Footnotes & Flashbacks: Credit Markets 4-13-25

Footnotes & Flashbacks: State of Yields 4-13-25

Footnotes & Flashbacks: Asset Returns 4-12-25

Mini Market Lookback: Trade’s Big Bang

Tariffs, Pauses, and Piling On: Helter Skelter

CPI March 2025: Fodder for Spin

Credit Snapshot: Avis Budget Group (CAR)

Tariffs: Some Asian Bystanders Hit in the Crossfire

Footnotes & Flashbacks: Credit Markets 4-6-25

Footnotes & Flashbacks: State of Yields 4-6-25

Footnotes & Flashbacks: Asset Returns 4-6-25

Mini Market Lookback: A Week for the History Books 4-5-25

Credit Snapshot: AutoNation (AN)

Payrolls Mar 2025: Into the Weeds

Payroll March 2025: Last Call for Good News?

Tariffs: Diminished Capacity…for Trade Volume that is…

Reciprocal Tariff Math: Hocus Pocus

Reciprocal Tariffs: Weird Science Blows up the Lab

Credit Snapshot: Taylor Morrison Home Corp (TMHC)

JOLTS Feb 2025: The Test Starts in 2Q25

Tariffs: Stop Hey What’s That Sound?

Credit Snapshot: United Rentals (URI)

Tariffs are like a Box of Chocolates

Footnotes & Flashbacks: Credit Markets 3-31-25

Footnotes & Flashbacks: State of Yields 3-30-25

Footnotes & Flashbacks: Asset Returns 3-30-25

Mini Market Lookback: The Next Trade Battle Fast Approaches

PCE Feb 2025: Inflation, Income, Outlays

Auto Tariffs: Questions to Ponder

4Q24 GDP: The Final Cut

Durable Goods February 2025: Preventive Medicine?

New Homes Sales Feb 2025: Consumer Mood Meets Policy Roulette

KB Home 1Q25: The Consumer Theme Piles On

Footnotes & Flashbacks: Credit Markets 3-24-25

Lennar: Cash Flow and Balance Sheet > Gross Margins

Footnotes & Flashbacks: State of Yields 3-23-25

Footnotes & Flashbacks: Asset Returns 3-23-25

Mini Market Lookback: Fed Gut Check, Tariff Reflux

Existing Homes Sales Feb 2025: Limping into Spring

Fed Action: Very Little Good News for Macro

Industrial Production Feb 2025: Capacity Utilization

Housing Starts Feb 2025: Solid Sequentially, Slightly Soft YoY

Retail Sales Feb 2025: Before the Storm

Footnotes & Flashbacks: Credit Markets 3-17-25

Footnotes & Flashbacks: State of Yields 3-16-25

Footnotes & Flashbacks: Asset Returns 3-16-25

Mini Market Lookback: Self-Inflicted Vol

Tariffs: Strange Week, Tactics Not the Point

Credit Spreads: Pain Arrives, Risk Repricing

Trade: Betty Ford Tariff Wing Open for Business

CPI Feb 2025: Relief Pitcher

JOLTS Jan 2025: Old News, New Risks in the Market

Auto Suppliers: Trade Groups have a View, Does Washington Even Ask?

Credit Spreads Join the Party

Footnotes & Flashbacks: Credit Markets 3-10-25

Footnotes & Flashbacks: State of Yields 3-9-25

Footnotes & Flashbacks: Asset Returns 3-9-25

Mini Market Lookback: Tariffs Dominate, Geopolitics Agitate

Payrolls Feb 2025: Into the Weeds

Employment Feb 2025: Circling Pattern, Lower Altitude

Tariffs: Enemies List

Gut Checking Trump GDP Record

Trump's “Greatest Economy in History”: Not Even Close

Asset Returns and UST Update: Pain Matters

Happy War on Allies Day

Footnotes & Flashbacks: Credit Markets 3-3-25

Footnotes & Flashbacks: Asset Returns 3-2-25

Footnotes & Flashbacks: State of Yields 3-2-25

Mini Market Lookback: Collision Courses ‘R’ Us

PCE Jan 2025: Prices in Check, Income and Outlays Diverge

Durable Goods Jan25: Waiting Game

GDP 4Q24 Second Estimate: PCE Inflation the Main Event

New Homes Sales Jan 2024: Homebuilders Feeling Cyclical Signals?

Auto Tariffs: Japan, South Korea, and Germany Exposure

Footnotes & Flashbacks: Credit Markets 2-24-25

Footnotes & Flashbacks: State of Yields 2-23-25

Footnotes & Flashbacks: Asset Returns 2-23-25

Mini Market Lookback: Tariffs + Geopolitics + Human Nature = Risk

Existing Home Sales Jan 2025: Prices High, Volumes Soft, Inventory Up

AutoNation: Retail Resilient, Captive Finance Growth

Toll Brothers 1Q25: Performing with a Net

Housing Starts Jan 2025: Getting Eerie Out There

Herc Rentals: Swinging a Big Bat

Footnotes & Flashbacks: Credit Markets 2-17-25

UST Yields: Sept 2024 UST in Historical Context

Footnotes & Flashbacks: State of Yields 2-16-25

Footnotes & Flashbacks: Asset Returns 2-16-25

Mini Market Lookback: Headline Frenzy, Sloppy Details

Iron Mountain 4Q24: Performance Bar Gets Raised

Retail Sales Jan 2025: Warning Sign or Holiday Hangover?

Industrial Production Jan 2025: Capacity Utilization

Reciprocal Tariffs: Weird Science

CPI Jan 2025: Getting Frothy Out There

US-EU Trade: The Final Import/Export Mix 2024

Footnotes & Flashbacks: Credit Markets 2-10-25

Aluminum and Steel Tariffs: The Target is Canada

US-Mexico Trade: Import/Export Mix for 2024

Footnotes & Flashbacks: State of Yields 2-9-25

Footnotes & Flashbacks: Asset Returns 2-9-25

Mini Market Lookback: Simply Resistible!

Payroll Jan 2025: Into the Occupational Weeds

Payroll Jan 2025: Staying the Course, Supports FOMC Hold

Trade Exposure: US-Canada Import/Export Mix 2024

US Trade with the World: Import and Export Mix

The Trade Picture: Facts to Respect, Topics to Ponder

JOLTS Dec 2024: Before the Tariff JOLT Strikes

Footnotes & Flashbacks: Credit Markets 2-3-25

Footnotes & Flashbacks: State of Yields 2-2-25

Footnotes & Flashbacks: Asset Returns 2-2-25

Tariffs: Questions to Ponder, Part 1

United Rentals 4Q24: Strong Numbers Set the Table

Mini Market Lookback: Surreal Week, AI Worries about “A”

Employment Cost Index 4Q24: Labor Crossroad Dead Ahead

PCE: Inflation, Personal Income & Outlays

4Q24 GDP: Into the Investment Weeds

4Q24 GDP: Inventory Liquidation Rules

Credit Crib Note: Lennar Corp (LEN)

D.R. Horton: #1 Homebuilder as a Sector Proxy

Durable Goods Dec 2024: Respectable ex-Transport Numbers

New Home Sales Dec 2024: Decent Finish, Strange Year

Footnotes & Flashbacks: Credit Markets 1-27-25

Footnotes & Flashbacks: State of Yields 1-26-25

Footnotes & Flashbacks: Asset Returns 1-26-25

Mini Market Lookback: Policy Blitz Formation

Existing Home Sales Dec 2024: Another “Worst Since” Milestone

Footnotes & Flashbacks: Credit Markets 1-20-25

Top 10 Fun Facts on Past Presidents and their Economies

Footnotes & Flashbacks: State of Yields 1-19-25

Footnotes & Flashbacks: Asset Returns 1-19-25

Mini Market Lookback: The Upside of Volatility

Industrial Production Dec 2024: Capacity Utilization

Housing Starts Dec 2024: Good Numbers, Multifamily Ricochet

Retail Sales Dec 2024: A Steady Finish

CPI Dec 2024: Mixed = Relief These Days

KB Home 4Q24: Strong Finish Despite Mortgage Rates

United Rentals: Bigger Meal, Same Recipe

Footnotes & Flashback: Credit Markets 1-13-25

Footnotes & Flashbacks: State of Yields 1-12-25

Footnotes & Flashbacks: Asset Returns 1-12-25

Mini Market Lookback: Sloppy Start

Payroll Dec 2024: Back to Good is Bad?

US-Canada: Tariffs Now More than a Negotiating Tactic

Payroll % Additions: Carter vs. Trump vs. Biden…just for fun

JOLTS: A Strong Handoff

Annual GDP Growth: Jimmy Carter v. Trump v. Biden…just for fun

Footnotes & Flashbacks: State of Yields 1-3-25

Mini Market Lookback: Mixed Start, Deep Breaths

Footnotes & Flashbacks: Credit Markets 2024

Spread Walk 2024 Final Score

HY and IG Returns since 1997 Final Score for 2024

Annual and Monthly Asset Return Quilt 2024 Final Score

Footnotes & Flashbacks: Asset Returns for 2024

Credit Returns: 2024 Monthly Return Quilt Final Score