Productivity Cratering

August 9, 2022 Quick Quill
QI TAKEAWAY — The fallout from the first-half collapse in nonfarm productivity should lead to downgrades to profit and investment outlooks, a bearish development for equities. The consensus for Q2 nonfarm productivity is -4.6% QoQ, which…

QT is Not Phantasmic

August 5, 2022 Quick Quill
QI TAKEAWAY — Jobless claims continue to march slowly upwards. Even so, financial conditions have greatly loosened predicated on hopes that Powell has already pivoted. The easier conditions, the more the Fed has to re-tighten to…

Calling Out the CAD

August 3, 2022 Quick Quill
QI TAKEAWAY — Weakness in Canada’s economy is a mirror image of that of its neighbor to the south. Vis-a-vis the more optimistic FX analyst community, the Canadian dollar that is likely to underperform in 2022’s…
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