US equities fell for a second week in trading through Friday, July 26, based on the S&P 500 Index. The slide marks the first back-to-back weekly decline since April. No one knows at this point whether this is noise or the start of an extended downturn. But one thing is clear: US stocks continue to lead markets this year by a wide margin, based on a set of ETFs representing the major asset classes.

Continue reading →

* Reviewing the case that the Fed has waited too long to cut rates
* US manufacturers are rethinking hiring plans
* Foreclosures of distressed commercial properties surge
* A review of threats to the boom in artificial intelligence
* PCE inflation ticks down to 2.5% in June vs. year-ago level:

Continue reading →