Anatomy of a Bond Market Selloff
Let’s break down what’s happening with bonds and how things unfolded Wednesday. Plus, two items from the ‘What the Heck’ department.
US Flash PMIs Surge to 5-Year Highs
‘US business continues to boom…..the latest survey data point to annualized growth of around 5% with a 4% gain now signalled for the third quarter as a whole.’
Flash PMI Signals Strong Economy, But Raises Inflation Worries
A pick up in jobs will keep the Fed focused on inflation, but the report is a flag for corporate margins and EPS.
ISM Services PMI Points to Greater Inflation Pressure
Other August Service PMI data was good for GDP forecasts, but that wasn’t the case for job creation.
Latest Manufacturing Data Offers Insight for 2 Holdings
Takeaways support our decision to exit the shares of Builders FirstSource.
Flash August PMI Data Contained Some Nice Surprises
Price pressures moderated, while employment rose sharply and order books increased.
VIDEO: Insights on PMI and Inflation With the Schwab Network
Falling oil and energy prices bode well for easing inflation metrics ahead.
Takeaways From the June Flash PMI Report
Let’s look through the data with an eye toward the continued fall in energy prices.