Since TCJA, one new 2018 hike is expected. Stocks and yields agree it’s not a tightening.
Donald L. Luskin
150 Million Barrels To Go
Monday, January 22, 2018
US production moves to all-time highs, yet the global petroleum market keeps tightening.
A Year of Upgrades in 16 Days
Tuesday, January 16, 2018
We rest our case that the tax cuts weren’t fully discounted. And they still aren’t.
Tax Reform Has Released the Bulls
Friday, January 12, 2018
P/E ratios may seem high, but policy changes augur much better earnings in the coming years.
On the December Jobs Report
Friday, January 5, 2018
Don’t worry about today’s miss. Or the Fed. We’re miles from full employment.
2018 Outlook: From Denial to Acceptance
Friday, December 29, 2017
The US corporate tax cuts are not fully discounted, and will drive another good year.
Tax Cuts: Smells Like Victory (For Some more than Others)
Monday, December 18, 2017
We answer clients’ questions about winners and losers under the Tax Cuts and Jobs Act.
On the December FOMC: Good Job, Chair Yellen
Wednesday, December 13, 2017
So we were wrong about her: the super-dove who hiked five times and ended QE.
On the Alabama Special Election, and Tax Cuts
Tuesday, December 12, 2017
The GOP loss creates the deadline that this endless negotiation always needed.
On the November Jobs Report
Friday, December 8, 2017
Small business optimism drives a big payroll beat. We’re still 2.7 million from full employment.