MacroEdge 8/11 Weekly Ozone Report: Preparing for Turbulence, Dusting off the Cobwebs on old Correlations, Vision Update, & More
In this weekly report - the team discusses the latest updates for a more volatile market, talks about good = good / bad = bad for markets again, old correlations to past employment cycles, and more.
Preparing for Turbulence and Dusting off the Cobwebs on old Correlations (@DonMiami3, MacroEdge Chief Economist )
Welcome to the second weekend of August all,
Hope you have all had a great start to the month and are ready for the shorter days ahead as we wind down through the last 5 weeks of summer (as crazy as that sounds). I know many of our readers and clients are in ‘back to school mode’ for their own children and a lot more attention starts to get paid attention to during this period of time as we prepare for an election season, an easing cycle, potential geopolitical events, and much more that are keeping us so occupied on many different fronts. This week we have a CPI week ahead - and we remain in the broader process of markets and the Fed shifting their focus to employment over inflation. The data this week might seal the envelope on that pivot as the employment data becomes more & more relevant as the Fed makes a ‘summer policy error’ as we’ve referred to it as since May - holding rates at very restrictive levels while unemployment rises
This research piece might have a significantly long title - but we’ll keep it concise and to the point on things to watch for in the weeks to come in both the inflation data and the labor data. We’ll also cover correlations with market performance and employment data that are coming back into play (it’s been a long, long time) since we’ve had to do this math - but here we are in August 2024 doing it again.
Looking forward to finally providing our operational update with our Q3 2025 Roadmap update on Wednesday evening, which will be attached to the next rendition of the midweek report. Thank you all for your patience on that front as we have waiting to assemble our updated Roadmap.
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