US Macro 2019

US Retail Sales – Recession, Growth Pause, Neither?

All Relevant Data Signal Rising US Wage Growth in 2019

S&P500: A More Rapid Slowdown in Sales and EPS

US Summary: Delayed Data and A Lot of Noise, but Relatively Stable Macro Economic Conditions

Update on US Fiscal Policy – Continued Stimulus in 2019

US Business Equipment Outlook – Slower Growth in 2019-20, but No Recession

US Summary: Domestic Demand OK, The ISM Down

The ISM Sentiment Bubble Finally Bursts – What is Next?