James Picerno

Will last week’s news of substantially stronger-than-expected growth for US economic output in 2023’s fourth quarter extend into this year’s Q1?It’s too soon to make...

There’s no shortage of troubling developments around the world, but markets are still inclined to embrace a risk-on bias.There are exceptions, of course, but from several big-picture angles, the...

Red ink dominates 2024’s opening month for most of the major asset classes.The upside exceptions for the performance profile so far: US stocks, commodities and junk bonds. Otherwise,...

The only thing that was genuinely surprising in yesterday’s fourth-quarter report on US economic activity was the strength of the increase.The positive directional bias, by contrast, has been...

Will 2024 mark the return of the momentum factor to the performance spotlight?This risk premium’s star faded in 2023, but there are hints that a rebound may be brewing for this slice of the...

The Bureau of Economic Analysis appears set to report tomorrow (Jan. 25) that US output slowed sharply in the fourth quarter after Q3’s unusually strong gain.But Thursday’s GDP report is...

Wall Street celebrated on Friday when the S&P 500 Index, the most popular benchmark of US shares, closed at a record high for the first time in more than two years. The celebration, however, was...

Next week’s official release of US GDP data for the fourth quarter remains on track to post a moderate increase, based on a median estimate for a set of nowcasts compiled by...

After a modest loss in 2023, shares in the healthcare sector (NYSE:XLV) are enjoying a market-leading rebound so far in the new year.No one knows if it will last, but the early results certainly...

The sharp drop in the New York Federal Reserve’s Empire State business-conditions index in January triggered a wave of warnings.Soon after this monthly survey data was released yesterday (Jan....