12|22|2025

Leading Indicator Watch | December 19, 2025

Unemployment: Jobs data took center stage last week with the release of both October and November Nonfarm Payroll reports. Payrolls fell by 105K (Oct), then rebounded modestly with a...

12|08|2025

Leading Indicator Watch | December 5, 2025

Manufacturing & Services:  ISM Manufacturing PMI slipped from 48.7 (Oct) to 48.2 (Nov), marking a ninth straight month of contraction. Meanwhile, Services PMI inched up from 52.4 to 52.6,...

11|24|2025

Leading Indicator Watch | November 21, 2025

Unemployment: Jobs data were mixed last week, with the delayed release of the September report yielding an increase in Nonfarm Payrolls from -4K (Aug) to 119K (Sep). The Unemployment...

11|11|2025

One Basket | Nov. 7, 2025 | Market Thoughts

Markets fell as big earnings reports hinted at an overvalued equity market. Was this week a reminder to not have all your eggs in one basket? Monday  S&P 500...

Manufacturing and Services

11|10|2025

Leading Indicator Watch | Nov. 7, 2025

Indicators show ISM Manufacturing PMI fell from 49.1 (Sep) to 48.7 (Oct) contracting for the eighth consecutive month while Non-Manufacturing (Services) PMI climbed from 50.0 (Sep) to 52.4 (Oct)....