Weekly Economic Report
As optimism reigns, we are wary that markets are priced for perfection. They need a steady drumbeat of better- than-expected outcomes to sustain their momentum. At these levels, just meeting expectations feels like a miss. So, we are looking forward to later in 2021 and on into 2022 to ruminate on what hurdles may arise. read more »
Weekly Economic Report
Though financial markets are typically closed on Good Friday, the government was not – so the futures market was allowed to trade briefly this morning after the closely watched jobs report. They obviously liked what they saw – a gain of 916,000 jobs in March, with upward revisions of 153,000, bringing the total well over the most optimistic forecasts of one million. read more »
Weekly Economic Report
This week brought lots of greatly needed information – and with it a great deal of resulting uncertainty. Specifically, the final estimate of fourth quarter GDP produced the first estimate of quarterly income and profits data – which revealed a world with higher-than-expected revenues, but extremely weak earnings net of substantial subsidies. read more »
Weekly Economic Report
The combination of the $900 billion in fiscal stimulus and the 1-in-100-year winter storms across the South and Midwest have distorted recent economic readings significantly – requiring much more nuance to interpret. First and foremost, there is now widespread acceptance that the fourth quarter stall due to the resurgence of COVID, while tragic in human terms, did not disrupt the economy ... read more »
Top 50 Brokers of 2013
McVean Trading & Investments was a part of Futures magazine's annual Top 50 Brokers list. read more »
For markets and his city, commodities trader Charles McVean looks ahead
Charles McVean is featured in the Commercial Appeal. read more »