James Picerno's Comment & Analysis
A complete archive of James Picerno's articles, including current analysis & opinion - Page 23
The US stock market remains on track to be the performance leader in 2023 for the major asset classes – by a wide margin. The key reason: Big-tech shares are running hot. Take out these...
Animal spirits are reviving after US shares rallied for a third straight week, fueled by renewed speculation that the Federal Reserve’s rate hikes are done and cuts are near.The S&P 500...
US economic activity in the fourth quarter remains set for a sharp slowdown vs. Q3, but the pace of expected growth has strengthened recently, based on updated nowcasts.Output for Q4 is estimated at...
Today’s “fair value” estimate of the US 10-year Treasury yield continues to suggest that the current market rate is unusually lofty and that the spread will soon narrow....
Current yields for the major asset classes edged higher recently, based on a set of proxy ETFs through the close of trading on Monday, Nov. 13.The average yield for global risk assets ticked up to...
After world shares ex-US enjoyed a rare if unimpressive win over American shares in 2022 — by losing less — the odds don’t look encouraging for a repeat run of outperformance in...
A review of market trends in early September suggested that the recent correction didn’t trigger a clear risk-off signal. Two months later, not much has changed, based on several ETF pairs that...
The red-hot economic growth in the third quarter remains on track to decelerate sharply in the final three months of the year, based on the median nowcast via a set of estimates compiled by...
Last week’s news that the Federal Reserve left interest rates steady, followed by a slower-than-expected rise in payrolls in October, revived animal spirits.Now comes the hard part: Was it...
We’ve been here before, but after Wednesday’s decision by the Federal Reserve to leave interest rates unchanged, along with comments from Fed Chairman Jerome Powell, investors are...