The Economy Is Booming

Check out the accompanying pdf and chart collection. (1) New theme song for the stock market by The Clash. (2) Strong economy is good for earnings. (3) Not so good for valuation if FOMC votes to taper faster. (4) GDPNow tracking near 10% for Q4! (5) Raising our Q4 forecast. (6) Only boom in Boom-Bust Barometer. (7) M-PMI remains high, while NM-PMI is at new record high. (8) Are supply disruptions as disruptive as they say? (9) Full-time employment leading jobs recovery. (10) Wages and prices rising. (11) S&P 500/400/600 forward revenues, earnings, and margins confirming strong business activity. (12) Movie review: “House of Gucci” (+ +).