Ted Parkhill, CEO of Incline Investment Management, will present his two-engine systematic global macro fund at the next Small Managers Big Alpha webinar
We have another normal week for economic reports, featuring retail sales and housing data (NAHB Index, building permits, housing starts). Industrial production is from November, so it is a bit stale. Jobless claims continue to be a current and reasonably reliable indicator.
The economy remains secondary for market participants. It has been ignored for months, so why change now? Attention has mostly been on more fiscal stimulus, with daily market moves registering even small hints of progress. It is a symptom of a greater problem - a gridlocked government. Since investors can expect more of this in the years ahead, it is time to ask: