Alright, let’s start by pointing out that the apparently weak June employment report is extraordinarily bullish for the continuation of this capital spending boom. What! Yes!!! We estimate that compensation – as measured by our income proxy of wages rates x hours worked – grew at a 4.2% annual rate in the second quarter. That is the same as the first quarter, the same as the annual average, and 0.1% below the annual average a year ago. Clearly, firms are in total control of t

June 6th, 2021 Today, it is with great sorrow that we announce the passing of Charles McVean, founder, Chairman and CEO of McVean Trading...

November 25th, 2013 Ginger Szala, Michael McFarlin Futures magazine Five years is a long time. Think about it: In 2008, the financial...