James Picerno's Comment & Analysis
A complete archive of James Picerno's articles, including current analysis & comment - Page 23
US real estate investment trusts led a widespread rally in July for the major asset classes. The only laggard: commodities, which fell last month. Otherwise, global markets rallied across the broad...
Year-to-date returns for US fixed income are skewing positive this year ahead of the Federal Reserve policy announcement this afternoon. Although the central bank is expected to leave rates unchanged...
The market is convinced that the Federal Reserve will start cutting interest rates at the Sep. 18 policy meeting.
Tomorrow’s central bank announcement and press conference is still a wild card, but...
US equities fell for a second week in trading through Friday, July 26, based on the S&P 500 Index. The slide marks the first back-to-back weekly decline since April.
No one knows at this point...
The recessionistas are now forced to look to the third quarter as the earliest start date for an economic downturn in the US.
The odds have been low recently that Q2 would mark the beginning of an...
Two weeks ago I wrote: “US stocks look overbought,” based on a variety of metrics. Fast forward to yesterday’s close for the S&P 500 Index and equities are well below their recent peak. Dumb...
It’s a human shortcoming to favor simple explanations for the business cycle. The notion that reliability and timeliness can be forged in one indicator endures, but recent history has hammered this...
US economic activity is on track to post a modestly firmer growth rate for the second quarter GDP report scheduled for release on Thursday, July 25.
The estimate is based on the median estimate for a...
Reviewing the major US equity factors on a year-to-date basis continues to show large-cap growth leading the horse race, based on a set of ETF prices through Friday, July 19.
But last week may have...
The Federal Reserve is widely expected to start cutting interest rates at the Sep. 18 FOMC meeting, but the debate is turning to how far the central bank will trim its policy rate once the easing...