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2026 has begun
Another year and the US soft landing continues. We got some jobs data today that further confirms the US labor market is producing jobs right around the breakeven level and the Unemployment Rate continues to hover in the mid-4s. The US trade deficit is getting smaller as global exporters re-route the same amount of goods and services to different countries. That is, China continues to set records for global exports, but they are going to different destinations. Next week, we get CPI and Retail Sales as the market looks for slowing inflation and still-strong spending as the k-shaped economy keeps on chugging. table ... (full story)
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