James Picerno

  • Analysis & Opinion

James Picerno's Opinion & Analysis
A complete archive of James Picerno's articles, including current analysis & opinion.

US retail sales rose a moderate 0.2% in January, the Census Bureau reports. The gain offers another clue for thinking that the stock market’s plunge this year may be a false warning about the ...
The battle between macro and markets rages on. Yesterday’s update of the ADS Index—a US business-cycle metric published by the Philadelphia Fed—remained comfortably in growth ...
No change is expected for U.S. retail sales in Friday’s January report vs. the previous month, according to The Capital Spectator’s average point forecast for several econometric ...
Fed Chair Janet Yellen yesterday said that the recent weakness in financial markets may be a warning sign for the US economy. “Financial conditions in the United States have recently become less...
Thursday’s a light day for global economic reports, which focuses the spotlight on US data, including today’s weekly update on initial jobless claims. We’ll also see the weekly ...
The positive bias to the US stock market over the long run means that drawdowns rarely exceed 10%. But this isn’t one of those times. The S&P 500 is posting a decline in excess of 10% from ...
Fresh numbers on industrial activity are the main event for today’s macro updates, including the December reports for France and the UK. Meanwhile, US Federal Reserve Chair Janet Yellen is ...
Yesterday’s tumble in US equities fueled another leg down in Treasury yields. As the bear market in stocks rolls on, the crowd continued to rush into the safe-haven trade, pushing the 10-year ...
The pace of macro updates picks up today, including the monthly report on Germany’s foreign trade numbers for December. Later, two US releases will draw attention as the market looks for more ...
The crowd piled into investment-grade bonds last week as economic worries triggered an exodus out of risky assets. Reviewing the major asset classes for the week just passed through an ETF lens ...