Seas Of Troubles

With the world awash in geopolitical strife, we’re monitoring commodity markets for signs of both inflationary shocks and a weakening global economy. … History suggests the US economic expansion may last until mid-2026. We’re watching for developments that could cut it short. … Is New York state’s nascent recession a canary in a coal mine? We’ll see soon whether more Fed districts report similar weakness in business activity. Notably, the goods sector of the broad economy has yet to enter the rolling recovery we expect. … Also: Joe provides updates on analysts’ net estimate revision activity and recent performances of Growth vs Value and Equal Weight vs Market Weight indexes.