Monthly Macro Chart Book

Macro Chart Book – October 2020

Election uncertainty was the biggest driver of uncertainty as large caps took a small hit on the month. On the other hand, Q3 GDP data was more positive than originally thought, consumer sentiment was elevated from September, and Manufacturing PMI continued its rapid ascent from March lows. These and other economic topics are examined in October’s edition of Julex’s Monthly Macro Chart Book.”

Macro Chart Book – September 2020

Pandemic fears, social unrest, and political uncertainty drove a small sell-off. Home sales increased more than 12% thanks to low mortgage rates and an influx of housing starts. Partially due to a decreasing labor force, unemployment dropped below 8%. These and other economic topics are examined in September’s edition of Julex’s Monthly Macro Chart Book.

Macro Chart Book – August 2020

The V-Shaped recovery in equities was realized after the S&P 500 crossed pre-pandemic highs. The Fed has pushed back against inflationary concerns as they anticipate zero interest rates and continued expansion in their $7 trillion balance sheet for the foreseeable future. The federal deficit is back in the spotlights after it is projected to eclipse federal taxes for the first time ever. Trade continues to be problematic as imports have largely recovered, but exports remain some $40 billion monthly less than their pre-pandemic levels. These and other economic topics are examined in August’s edition of Julex’s Monthly Macro Chart Book.

Macro Chart Book – July 2020

Q2 GDP was the worst annualized fall since World War II. Even so, strong gains in the labor and housing market raised hopes for a V-shaped recovery. As equity prices approached their pre-pandemic levels, gold also ran up past $2000/oz on inflationary concerns. These and other economic topics are examined in July’s edition of Julex’s Monthly Macro Chart Book.

Macro Chart Book – June 2020

As states began the reopening process, labor markets showed signs of improvement. With jobs returning, consumers and businesses had renewed confidence in their economic outlook. As a result, equities sat just 10% from their pre-coronavirus highs at the end of the month. These and other economic topics are examined in June’s edition of Julex’s Monthly Macro Chart Book.

Macro Chart Book – May 2020

In a positive surprise, the unemployment rate decreased by over 1% in May. A lack of demand has pushed inflation under 1% and equities continue to climb on the backdrop of fiscal and monetary stimulus. These and other economic topics are examined in May’s edition of Julex’s Monthly Macro Chart Book.