Research from our desk.
Market and economic commentary from Whalen Financial Research. Browse the latest below, or subscribe to get it in your inbox.
State of Play: Still Open for Business
Happy Monday, everyone! Ok, so Friday gave us a soft jobs report, but today’s services survey offered a useful reminder. Hiring can slow while businesses still…
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State of Play: The Price of Staying Calm
Happy Monday, everyone! Ok, so last week’s business surveys came in hot. Activity accelerated, but so did cost pressures, and the bond market noticed. The…
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The Regime Letter: The Usual Suspects
Happy Friday everyone! What a week it’s been. Oil pushed back above $100, the 10-year hit its highest level since 2007, and the bond market finally woke up,…
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State of Play: $100 Oil Never Looked So Good
Happy Monday, everyone! So, you remember when we discussed the need for oil to head south to the $70s to really push our bullish thesis? Well apparently, $100…
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The State of Play: The 5% Club
Happy Monday, everyone! Now that’s how you get a Monday rolling! The 10-year Treasury crossed 5% this morning, Brent is still above $100, and Kevin Warsh gets…
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THE REGIME LETTER: One Hike Doesn’t Break the Map
Howdy everyone! Hope you’ve been able to navigate this week, because there’s been a lot going on. Between remembering 9/11, another batch of economic data, and…
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The State of Play: Summer’s Over and Here Comes the Data.
Happy Monday, everyone! Can you smell it? Seasons are changin, the kids are back in school, and it’s almost the official get yourself back to work season. So…
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The Monday State of Play: PCE Gets the First Swing
Happy Monday, everyone! So, if you’re one of those hoping for a nice quiet dog-days of August week where everyone sneaks out early and pretends Labor Day has…
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The State of Play
Weekend Recap Happy Monday everyone! I don’t know about you, but I love it when the pieces of a puzzle start falling into place and you can finally begin to…
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The State of Play: Did Oil Just Crash CPI Week?
Happy Monday, everyone. Thanks for reading! for free to receive new posts and support my work. Ok, so if you read my piece from Friday, you know I was looking…
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The Regime Letter: The Economy Has to Hum First
Howdy everyone, and happy Friday. So am I alone or is anyone else feeling some of the shifts taking place just below the surface of the economy? Now maybe this…
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The State of Play: Receipts, Rates and Reacceleration
Happy Tuesday, everyone. So a funny thing happened on my way to hit the send button. Palantir and Caterpillar decided to blow out numbers and i figured that…
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The Regime Letter: Buy American, Eventually
Happy Friday, everyone! Now THAT was kooky week. We had a little war, a little bond market rebellion, some hedge fund drama, a little earnings drama, and…
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The Monday State of Play: The Yen Threw a Punch. Nobody Flinched.
Happy Monday, everyone! Now I know what you’re thinking, “what the heck does the yen have to do with me?” and i totally understand that. The yen usually isn’t…
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The Monday State of Play: The Market Can’t Pick a Story
Happy Monday, everyone. Hope you all had a fantastic weekend and caught at least some of the World Cup final between Spain and Argentina, because that one got…
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The Monday State of Play: The Ceasefire Had a Short Shelf Life
Thanks for reading! for free to receive new posts and support my work. Happy Monday, everyone! Well, that didn’t take long. The ceasefire is already over, the…
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The Regime Letter: From Wall Street to Main Street
Howdy everyone! Hope you’re all enjoying the part of the cycle where everyone’s portfolio looks smart and nobody’s paycheck does. That pretty much captures the…
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The State of Play: Euphoria Meets the Plumbing
Trump rang the opening bell from the Oval Office this morning alongside the heads of the NYSE and Nasdaq, promoted the new Trump Accounts for children, and…
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The State of Play: A Short Week With a Long Fuse
Happy Monday, everyone. We’re getting off to a solid start, but this is one of those short weeks where the calendar looks lighter than the actual risk. Labor…
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The Regime Letter: Studying the Wreckage Without Buying the Wreck
Howdy everyone, Well, that was a week. A little bit of everything, and I’m not sure we’re all that much changed from where we were a week ago. So grab your…
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