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Day: January 8, 2022

Weekly Economic & Financial Commentary: Strong Momentum Prior to Omicron, Despite December’s Soft Payroll Print

Summary United States: Strong Momentum Prior to Omicron, Despite December’s Soft Payroll Print The Fed’s more hawkish tone in December’s FOMC minutes set the tone for financial markets this week, overshadowing the record surge in COVID infections. December’s jobs data were disappointing and a bit confusing. Nonfarm employment rose far less that expected, with employers …

Weekly Economic & Financial Commentary: Strong Momentum Prior to Omicron, Despite December’s Soft Payroll PrintRead More

The Weekly Bottom Line: Supply Chain Strains Show Signs of Easing

U.S. Highlights The U.S. economy kicked off the New Year with an unprecedented surge in COVID-19 cases. While a return to lockdowns is not expected, rising cases could lead to greater absenteeism, as workers self-isolate due to exposure, putting pressure on already-tight labor supply. On the upside, several metrics suggests that the supply chain bottlenecks …

The Weekly Bottom Line: Supply Chain Strains Show Signs of EasingRead More

Forward Guidance: Omicron Spread to Pause Canada’s Economic Recovery

A quiet economic calendar for Canada next week will keep the focus on virus developments. Provincial governments have re-introduced measures to slow virus spread, including mandated closures of high-contact services like restaurant dining rooms and gyms in Ontario and Quebec. We expect businesses within the travel and hospitality sectors to continue to bear the brunt …

Forward Guidance: Omicron Spread to Pause Canada’s Economic RecoveryRead More

GameStop shares surge as much as 20% after news it plans to launch an NFT marketplace

A person wearing a protective mask exits from a GameStop Corp. store at a mall in San Diego, California, on Thursday, April 22, 2021. Bing Guan | Bloomberg | Getty Images GameStop shares jumped on Friday after news that the video game retailer is planning to create a marketplace for nonfungible tokens, or NFTs. The speculative …

GameStop shares surge as much as 20% after news it plans to launch an NFT marketplaceRead More

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