PM Capital appoints distribution director
The former general manager of retail distribution at Challenger has taken on a new role at PM Capital.
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The former general manager of retail distribution at Challenger has taken on a new role at PM Capital.
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We have a big week for data and only four days to digest it. Some of the punditry will get lost in the data while others continue the fruitless effort to reconcile market prices with economic fundamentals. ( Schwab, Paul Schatz). Retail sales and housing data will be most important. Industrial production will provide evidence about the strength of the recovery. I normally join in these efforts, but something special happened last week. My key questions have been answered by: A letter from Mr. Market. Please share this article - Go to very top of page, right hand side, for social media buttons...
We can enjoy two light weeks for economic reports. Both are holiday-shortened, implying lower volume but not necessarily lower volatility. Personal income and spending will be especially interesting, along with updated unemployment claims data. It is also an especially important time to monitor sentiment. The biggest reports are scheduled for the first week of 2021. The calendar will prompt many to offer specific and complex forecasts for next year. Good luck with that! It is necessary for investors to think ahead, but dangerous to drive faster than you can see on a foggy road. A good approac...
We have another normal week for economic reports, featuring retail sales and housing data (NAHB Index, building permits, housing starts). Industrial production is from November, so it is a bit stale. Jobless claims continue to be a current and reasonably reliable indicator. The economy remains secondary for market participants. It has been ignored for months, so why change now? Attention has mostly been on more fiscal stimulus, with daily market moves registering even small hints of progress. It is a symptom of a greater problem - a gridlocked government. Since investors can expect more of ...