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Market and economic commentary from Whalen Financial Research. Browse the latest below, or subscribe to get it in your inbox.
The State of Play
Happy Monday, everyone! Ok, so somebody must’ve looked at this week’s calendar and decided there just wasn’t enough information to release. We’ve got…
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The Regime Letter: Putting AI to Work
Happy Friday, everyone! Okay, so the second half of this year has really bitten me in the rear end. I honestly didn’t envision the United States getting into…
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The State of Play: Running Out of Time?
Happy Monday, everyone! Ok, so we’ve got an Iranian offer to reopen Hormuz that Washington hasn’t accepted (don’t get excited, we do this song and dance every…
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State of Play: Running on Expensive Fuel
Happy Monday, everyone! Okay, so for many of us, filling the tank has become a small financial planning exercise. U.S. gasoline averaged $4.35 a gallon in…
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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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