Market Overview

Did you know that every time you type a query into ChatGPT, it requires about 10 times as much electricity to process as a Google (NASDAQ:GOOGL) search? That’s according to Goldman Sachs, which...

When markets are calm (read: boring), it’s easier to take a step back from the daily noise and ask ourselves the big picture questions like Yes, but what’s the Macro EndGame? It often feels like the...

US economic growth rose a modest 1.3% in the first quarter, a softer increase vs. the government’s initial 1.6% estimate. The revised data reflects a sluggish pace of growth and the second straight...

June is expected to be another eventful month on Wall Street amid a trio of key market-moving events. Investor focus will be on the U.S. jobs report, CPI inflation data, and the Fed’s FOMC...

The future of electricity demand for everything from electric cars to Bitcoin mining to artificial intelligence may also be the cure for our debt concerns. Before you dismiss that statement, let me...

Tomorrow’s update on US inflation for April looks set to tick lower, although the odds aren’t trivial that pricing pressure will remain sticky, according to various forecasts and a review of pricing...

This article follows part one, which discusses the massive investment dollars that will be spent expanding and modernizing the power grid to facilitate demand from AI data centers and EV users. With...

A broad set of US economic indicators continue to show that the odds are low that an NBER-defined recession has started or is imminent. This profile upends the dark narrative favored in some...

It will be a holiday-shortened trading week, with markets in the US Closed today for Memorial Day. We had some typical holiday-like price action on Friday, with light trading volumes and the typical...

The monetary policy outlook has been uncertain, but primarily in terms of the timing of the first rate cut. But that’s starting to change as the Fed funds futures price in the possibility of a rate...

As we discussed recently, Wall Street economists increasingly believe the risk of recession has fallen sharply. To wit: “Economists don’t think the economy will get even close to a recession. In...

Last week, the Wall Street Journal reported that the Fed and two other U.S. banking regulators are going to significantly reduce a planned increase in capital requirements for the country's large...

As the U.S. economy continues to navigate a complex landscape with persistent inflation and a stock market setting new highs, the Federal Reserve seems committed to its patient approach regarding...

US economic activity is expected to post a modestly firmer increase in the second quarter, based on the median estimate for a set of nowcasts compiled by CapitalSpectator.com. More than half of the...