Michael JD McCall, LLC.

06/11/2024

Monday Morning Outlook

Spotlighting Inequality Content published by Brian Wesbury

03/24/2024

The Standard & Poor’s 500 index soared 2.3% last week and is on track to close the first quarter of 2024 with a gain of more than 10% — more than four times the average annual gain since 1926.

03/18/2024

Jamie Dimon, CEO of JP Morgan Chase, the largest U.S. bank, warned that a “hurricane” was about to hit the U.S. economy in June 2022, and Ray Dalio, founder of the world’s largest hedge fund, predicted a “debt crisis” and a ”perfect storm” of economic pain.

03/09/2024

It was a big week for federal government data. Here are six charts encapsulating the latest news on economic fundamentals driving investment prices.

02/26/2024

The Conference Board (TCB), the big business think tank that maintains the U.S. Index of Leading Economic Indicators (LEI), backed off its prediction for a recession in 2024.

02/05/2024

The U.S. created 353,000 net new jobs in January, twice the number expected by Wall Street and far exceeding the 255,000 averaged monthly in the 12 months through January. Since the pandemic forced a partial shutdown of the economy in February and March, when the economy lost more than 20 million jo...

01/22/2024

Throughout most of 2023, the economy and stock market kept surprising economists and investors, repeatedly outperforming expectations, and 2024 is starting out by showing much the same pattern.

01/16/2024

Stock prices, as measured by the Standard & Poor’s 500 index, closed a fraction lower than their all-time-record high of January 3, 2022, and are not cheap by historical price/earnings valuations.

01/08/2024

The U.S. created 216,000 new jobs in December, more than had been expected by Wall Street, and wages in the 12 months ended December 31 grew by a healthy 4.1%.

12/27/2023

Disposable personal income -- personal income after taxes -- rose 7.8% in the 12 months through November, consumer spending rose 7.1% and inflation continued to decline. Consumers may be starting to believe inflation is under control and the economy is improving.

12/17/2023

Just in time for the holidays, here are key financial facts you want to take in: If nothing unexpected happens, current earnings estimates through 2025 imply a bullish path for stocks.

12/04/2023

Inflation continued to fall in October and the economy showed signs of cooling down this past week.