Looking Beyond the CPI Jump

Looking Beyond the CPI Jump

Today’s U.S. Consumer Price Index (CPI) numbers were notably firm, confirming that weakness in the fourth quarter of 2016 was the result of residual seasonality in core goods prices rather than a more worrisome decline in the underlying trend pace of inflation....
Looking on the bright side of life…

Looking on the bright side of life…

Good morning. Frank will get things rolling again this morning, so take it away Frank: Saint Louis – Yesterday morning I headed downtown after hockey to drop off a package with my tax accountant. Astute friends have pointed out that the otherwise draconian...
Small caps looking for a catalyst

Small caps looking for a catalyst

U.S. stocks are off to another stellar year. Look below the surface, however, and the rally has had a somewhat unusual flavor. Some of the better performing stocks are in the more defensive industries, such as utilities and health care, while small caps—a strong...