ISABELNET Cartoon of the Day

ISABELNET Cartoon of the Day The S&P 500 index surged 1.83% yesterday after U.S. core inflation came in weaker than expected, prompting bears to check their pulse: are they still alive? Have a Great Day, Everyone! 😎

U.S. Misery Index and Average Forward Returns

U.S. Misery Index and Average Forward Returns The U.S. misery index (core inflation + unemployment) is approaching all-time low, because both inflation and unemployment are very low. Historically, average forward returns have been higher than the overall S&P 500 average.

Contributions to Annualized U.S. PCE Growth

Contributions to Annualized U.S. PCE Growth The U.S. stock market’s recent underperformance is expected to reduce the wealth effect, turning it from a boost to a drag on consumption and increasing the risk of a broader economic slowdown as consumer spending weakens. Image: Goldman Sachs Global Investment Research