While the cap-weighted S&P 500 is at a new high, the same cannot (yet) be said for the equal-weighted index, nor small caps. But history shows that eventually the soldiers will lead the generals, sometimes quickly and sometimes slowly. 

By: Jurrien Timmer

Not to long ago, UPS announced its drivers would make up to a whopping $170,000 per year, in pay and benefits!

By: Ryan Lemand, PhD

The International Monetary Fund expects the globe to pull off a soft landing in 2024, skirting a recession while inflation falls.

By: Leo Kolivakis

A small pop in the JOLTS measure of job openings in December. Too bad that the LinkUp measure, which tallies openings posted by 10,000 companies on their own corporate websites, showed no such improvement and continued to plunge in January.

By: Peter Berezin

A matter of when, not if. The new highs continued last week, and the S&P 500 index is now approaching the upper band of its rising channel. With those highs come ever loftier P/E ratios, with the trailing P/E multiple now reaching 22.4x.

By: Jurrien Timmer

The best career advice that’s not actually career advice:

Mind your diet, exercise, and sleep. A career is a marathon. Think of yourself as a “corporate athlete.”

By: Sebastien Page

96 years of S&P 500 returns

In the chart above, the amazing team at Macrobond Financial has broken down the S&P 500‘s annual returns into 10 percentage point ranges.

By: Till Christian Budelmann

ANOTHER BIG SUPPLY SHOCK...?

Iran-linked Houthi have been attacking ships in the Red Sea to discourage Israeli bombing of Gaza.

By: Christof Leisinger

"Easier financial conditions may delay the Fed’s rate cuts by stimulating demand."

By: Daily Chartbook

Check out what's happening to new lease rents in the CPI's rent survey (which is critical component of Shelter inflation estimates): The cold plunge in new lease rents is even deeper than what most private data sources are showing.

By: Jay Parsons