James Picerno's Comment & Analysis
A complete archive of James Picerno's articles, including current analysis & comment - Page 20
US economic activity remains on track to post a softer but still-solid growth rate in next month’s official GDP report for the third quarter. The analysis is based on the median estimate from several...
Recent market volatility has raised questions about the staying power of the rally for global assets that began in late-2023. A clear warning sign has yet to emerge, based on a set of ETF pairs that...
The recent run of forecasts from some corners that a US recession is imminent, or possibly already underway, continues to look premature. Although it’s short-sighted to dismiss various risks that are...
The beginning of the end for the current run of peak yields looks set to start tomorrow (Wed., Sep. 18) as the Federal Reserve is expected to roll out its first interest rate cut.
On the eve of...
The Federal Reserve is expected to cut interest rates this week. The question is whether the bond market has fully priced in the start of policy easing?
It’s tempting to say “yes” after reviewing...
Today’s revised estimate of US economic activity for the upcoming third-quarter GDP report continues to point to a slower-but-still-solid growth rate, based on the median nowcast for several...
Market sentiment has recently shifted to prioritize defensive equity sectors. The attitude adjustment has lifted utilities shares, which are now outperforming the rest of the field as the top...
Tomorrow’s update on US consumer inflation for August isn’t expected to derail expectations that the Federal Reserve will cut interest rates next week, but the disinflation trend of late looks set to...
American shares suffered their deepest weekly decline in more than a year last week, but the setback wasn’t enough to dethrone US stocks as the world’s top-performing asset class in 2024.
Based on a...
The current lineup of US GDP nowcasts for the third quarter continue to indicate a softer but still solid growth rate. Wall Street is wondering if the upcoming payrolls report for August will change...