US Macro

S&P500 EPS: Strong Now, Slowing in 2019, Falling in 2020

US Summary: The Ball Keeps Rolling (September 2018)

Sluggish US Housing Cycle, but No Downturn (Oct 2018)

Nonfinancial Corporate Profits – The Peak Is Near

US Summary: Stronger Growth Should Continue

Recession Forecasting (Part 1): The Road to Recessions (August 2018)

Can the US Manufacturing ISM Continue to Defy Gravity? (August 2018)

Bad News for the US Economy and Markets: Productivity Trend Still Low, Unit Labor Cost Growth Sharply Higher

US Summary: Stronger Growth Now and Stronger Forecast (July 2018)

2018 Benchmark Revision: Significant Boost to the Consumer Spending Outlook; Weaker Corporate Balance Sheets