Equities: Corporate profitability is key to the underlying trend for share prices. We will look at what we can expect regarding corporate profitability in 2020. Profitability impacts...Continue Reading
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The global industrial economy is clearly on the back side of the business cycle. In many regions of the world, such as Europe and Asia, the slowdown was underway by early 2018. In the US,...Continue Reading
As we head into the final months of 2019, the construction cycles are shifting. The US housing market, down 3.2% from the same period a year ago, is currently in Phase D, Recession, and...Continue Reading
With budgeting season upon us, our attention shifts to 2020, even if the calendar won’t do so for a few more months. 2019 represented an inflection point in many markets, with the US...Continue Reading
What do the quarterly growth rates for Steel, Copper, Aluminum, Zinc, and Oil Prices have in common? They’re all declining below year-earlier levels. It’s amazing how quickly things change...Continue Reading