Tuesday was J.P. Morgan’s (JPM) annual investor day. Bloomberg pointed out that CFO Marianne Lake talked about loans depleting a little bit – the growth rate, that is. Core loans were up 15 percent last year. She sees 10 percent … Continued
Peak optimism? We are increasingly beginning to hear commentators/observers use that phrase in media interviews, articles as well as on social media. Among other things, Charts 1 and 2 are probably to blame. In the latest week, Investors Intelligence bulls … Continued
Two thousand and seventeen has gotten off to a good start. In the first nine sessions of the year, the S&P 500 large cap index is up 1.6 percent. For the most part, the rally is driven by offensive sectors/industries, … Continued
The last time average hourly earnings of U.S. private-sector employees grew with a three handle was April 2009 … means in the current recovery wages are yet to print growth of three percent. December came close, with a year-over-year increase … Continued
Jan pickup in U.S. average hourly wages after Dec drop welcome relief Nevertheless, NFIB members’ comp plans tumble big time in January Loss of high-paying oil jobs will put downward pressure on wages One of the reasons January’s employment report … Continued