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The Markets Message
"Contradicting Wall Street forecasts of a sustained boom, the US economy has been returning to a low growth rate similar to the rate prevailing before the pandemic arrived."
Synopsis – 8/21
~ R. David Ranson, President
and Director of Research
HCWE & Co.

Publication Highlights as of September 1, 2021

Market-Driven Tools for Asset Allocation  Equity-Market Outlook
When should energy portfolios be trimmed during an oil-price boom?
Energy stocks price the economy's behavior extremely quickly. The outlook for excess returns from the energy sector is neutral.
Market-Driven Tools for Asset Allocation  Economic and Investment Observations
Capital spending misinterpretations
CapEx has grown fast in the first half of the year -- but not at all because the economy is abstaining from consumption. The boom that some see is a mis-diagnosis.
Market-Driven Tools for Asset Allocation  Fixed-Income Barometer
"Market forecasts" for the coming twelve months as of September 1, 2021
Market-Driven Tools for Asset Allocation  International Barometer
"Market forecasts" for the coming twelve months as of September 1, 2021
Market-Driven Tools for Asset Allocation  Synopsis
Briefing Points on the Global Market Outlook, August 2021
Contradicting Wall Street forecasts of a sustained boom, the US economy has been returning to a low growth rate similar to the rate prevailing before the pandemic arrived.

HCWE In the News

Wainwright in the news
bullet New! Expect Inflation To Surge In Japan, But Fall In The UK, S. Constable, Forbes.com, 7/30/2021 Read
bullet Interview Josh Jalinski, Part II, The Financial Quarterback, WABC 5/7/2021 Watch
bullet Interview Josh Jalinski, Part I, The Financial Quarterback, WABC 5/7/2021 Watch
bullet Interview with Charles Heller, Podcast, Liberty Watch Radio, KVOI, Tucson 4/4/2021 Listen
bullet DOES GOVERNMENT “STIMULUS” REALLY STIMULATE?, The Beacon, Independent Institute, 3/30/2021 Read
bullet Will Higher Inflation Lift Bond Yields? Maybe Not, S. Constable, Forbes.com, 12/30/2020 Read
bullet How Did Forecasters Get the Pandemic Economy So Wrong?, The Beacon, Independent Institute, 12/1/2020 Read

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