James Picerno's Comment & Analysis
A complete archive of James Picerno's articles, including current analysis & opinion - Page 20
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....
Reviewing 2023 results for the major asset classes reflects a long list of winners, with one conspicuous downside outlier: commodities.Amid widespread gains in global markets last year, the red ink in...
The US 10-year Treasury yield continues to fall, which is narrowing the gap between the higher market rate and a lesser “fair-value” estimate, based on the average of three models run by...
There’s no shortage of reasons to be cautious about the near-term outlook for markets, but reviewing trend behavior via several sets of ETF pairs continues to reflect a positive trend for risk...
The runup in yields for most of the major asset classes has peaked, based on the trailing 1-year payout rates for a set of ETFs through Friday’s close (Jan. 5, 2024).That’s hardly...
Uncertainty is as thick as ever for diving into what awaits in the year ahead, but there’s still a growing consensus building that the Federal Reserve will soon start cutting interest...
The long-term return forecast for the Global Market Index (GMI) ticked lower in December, easing to an expected 6.7% annualized total return, based on the average for three models (defined below).GMI...