James Picerno

The stock market is soaring and the rising tide has lifted small-cap shares, but if you’ve been expecting a hefty premium (or any premium) in smaller firms, well, there’s still plenty of...

The US economy remains on track to post a moderate growth rate in the upcoming first-quarter GDP report, but the expansion shows signs of slowing.Output for the January-through-March period is...

The Federal Reserve lifted its outlook for core PCE inflation in 2024 but reaffirmed expectations that interest rates will probably fall by the end of the year. Despite the apparent conflict, the...

The sharp runup in US inflation in 2021-2022 revived the idea that a so-called real assets portfolio is crucial for asset allocation strategies.But with the peaking of inflation in mid-2022,...

Analysts are debating if last week’s sticky inflation news is the death knell for a June cut in interest rates by the Federal Reserve. This much is clear: the recent run of news isn’t...

It had to end eventually. Whether last week’s shift in the pole position endures is something else entirely.But for the moment, US equities are no longer leading the horse race for...

A new round of nowcasts continue to estimate that US economic activity will downshift in next month’s release of first-quarter GDP data. Today’s revised estimate is based on the median for...

The mixed news on inflation earlier this week and today didn’t help, but neither did sticky inflation news derail expectations that the Federal Reserve will start cutting interest rates in June....

The US 10-year Treasury yield continues to trade well above a ‘fair value’ estimate, based on the average of three models maintained by CapitalSpectator.com.The market premium continues to...

Shares of small companies and value stocks have had a tough time keeping up with the broad market in recent years, and the headwind for these risk factors is still blowing so far in 2024.By contrast,...