I always love reading these newsletters and this one got lost in my inbox but I just got to it! Amazing work per usual. Your analysis is always objective, and the facts are that it's hard to be a permabear right now and for the last 18 months.
My subscription to Cubic Analytics is the most valuable of my subscriptions. If Caleb's work continues to shine I intend to drop my other 2 subscriptions when they hit renewal in 2025. Caleb - masterful, my man, masterful!
Keep trying to get the word out! Your weekend drops are gold. As a subscriber, I read the article when it drops, mull it over for a few hours and reread once or twice. You keep this up and you'll hit 100k subscribers next year.
Interesting notes, as always. In additional to being “resilient and dynamic” I also believe the economy is strong, given disinflationary trends, the level of unemployment, the type of employment (very strong construction data in the manufacturing sector - which eventually turns into longer-term and higher-paying jobs) and the historical levels of the “bad” data points. I;m curious what you would like to see, to call the economy “strong.”
Some great retorting my friend.
We love a great retort! Thanks Brian, and happy weekend.
I always love reading these newsletters and this one got lost in my inbox but I just got to it! Amazing work per usual. Your analysis is always objective, and the facts are that it's hard to be a permabear right now and for the last 18 months.
Thanks for the kind words, Christos!
My subscription to Cubic Analytics is the most valuable of my subscriptions. If Caleb's work continues to shine I intend to drop my other 2 subscriptions when they hit renewal in 2025. Caleb - masterful, my man, masterful!
Glenn, you're the man. This fired me up.
Keep trying to get the word out! Your weekend drops are gold. As a subscriber, I read the article when it drops, mull it over for a few hours and reread once or twice. You keep this up and you'll hit 100k subscribers next year.
Interesting notes, as always. In additional to being “resilient and dynamic” I also believe the economy is strong, given disinflationary trends, the level of unemployment, the type of employment (very strong construction data in the manufacturing sector - which eventually turns into longer-term and higher-paying jobs) and the historical levels of the “bad” data points. I;m curious what you would like to see, to call the economy “strong.”
-Ed Yardeni's latest missive also considers the why the LEI is not a recession indicator, in and of itself.
-C Sahm has written that that 4% being triggered in today's economy could be the exception that proves her rule.
-Market concentration in and of itself is not a trigger for bear markets.
-Markets are the most perennially optimistic forward-looking mechanisms and a fascinating example of human sentiment writ large.
I am, as always, very long equities with a larger than normal cash cushion. Building new positions in Pfizer, EQT, and HP.