The Independent Market Observer https://blog.commonwealth.com/independent-market-observer Commonwealth’s chief investment officer, Brad McMillan, provides insight on the economic, market, and political events of the day—both domestically and on a global scale. en-us Fri, 02 Dec 2022 15:33:03 GMT 2022-12-02T15:33:03Z en-us Market Thoughts for December 2022 [Video] https://blog.commonwealth.com/independent-market-observer/market-thoughts-for-december-2022-video <div class="hs-featured-image-wrapper"> <a href="https://blog.commonwealth.com/independent-market-observer/market-thoughts-for-december-2022-video" title="" class="hs-featured-image-link"> <img src="https://blog.commonwealth.com/hubfs/IMAGE_Market-Thoughts-December-2022-1.jpg" alt="Market Thoughts for December 2022 [Video]" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <span style="font-size: 14px; color: black;">November was a good month for markets as the bounce from October continued. U.S. indices saw single-digit gains, and developed and emerging markets were up by double digits. The primary driver here was optimism that the Fed will slow future rate increases. On the economic side, job growth remained healthy, inflation dropped, and business confidence was strong.</span> <br> <div class="hs-featured-image-wrapper"> <a href="https://blog.commonwealth.com/independent-market-observer/market-thoughts-for-december-2022-video" title="" class="hs-featured-image-link"> <img src="https://blog.commonwealth.com/hubfs/IMAGE_Market-Thoughts-December-2022-1.jpg" alt="Market Thoughts for December 2022 [Video]" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <span style="font-size: 14px; color: black;">November was a good month for markets as the bounce from October continued. U.S. indices saw single-digit gains, and developed and emerging markets were up by double digits. The primary driver here was optimism that the Fed will slow future rate increases. On the economic side, job growth remained healthy, inflation dropped, and business confidence was strong.</span> <br> <img src="https://track.hubspot.com/__ptq.gif?a=295024&amp;k=14&amp;r=https%3A%2F%2Fblog.commonwealth.com%2Findependent-market-observer%2Fmarket-thoughts-for-december-2022-video&amp;bu=https%253A%252F%252Fblog.commonwealth.com%252Findependent-market-observer&amp;bvt=rss" alt="" width="1" height="1" style="min-height:1px!important;width:1px!important;border-width:0!important;margin-top:0!important;margin-bottom:0!important;margin-right:0!important;margin-left:0!important;padding-top:0!important;padding-bottom:0!important;padding-right:0!important;padding-left:0!important; "> Market Thoughts Videos Fri, 02 Dec 2022 15:29:26 GMT imoblog@commonwealth.com (Brad McMillan, CFA, CAIA, MAI) https://blog.commonwealth.com/independent-market-observer/market-thoughts-for-december-2022-video 2022-12-02T15:29:26Z Jobs Report Preview: Will We Get a Miss? https://blog.commonwealth.com/independent-market-observer/jobs-report-preview-will-we-get-a-miss <div class="hs-featured-image-wrapper"> <a href="https://blog.commonwealth.com/independent-market-observer/jobs-report-preview-will-we-get-a-miss" title="" class="hs-featured-image-link"> <img src="https://blog.commonwealth.com/hubfs/Rebrand-Blog-Images/IMO-images/Recession/recession-e.jpg" alt="Jobs Report Preview: Will We Get a Miss?" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p>It’s time for the monthly jobs report preview, which is worth doing for a few reasons. First, it lets us consider the most important driver of the economy both for history and for the immediate data. Second, it makes us think about our expectations. And third, of course, it will be in the headlines.</p> <div class="hs-featured-image-wrapper"> <a href="https://blog.commonwealth.com/independent-market-observer/jobs-report-preview-will-we-get-a-miss" title="" class="hs-featured-image-link"> <img src="https://blog.commonwealth.com/hubfs/Rebrand-Blog-Images/IMO-images/Recession/recession-e.jpg" alt="Jobs Report Preview: Will We Get a Miss?" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p>It’s time for the monthly jobs report preview, which is worth doing for a few reasons. First, it lets us consider the most important driver of the economy both for history and for the immediate data. Second, it makes us think about our expectations. And third, of course, it will be in the headlines.</p> <img src="https://track.hubspot.com/__ptq.gif?a=295024&amp;k=14&amp;r=https%3A%2F%2Fblog.commonwealth.com%2Findependent-market-observer%2Fjobs-report-preview-will-we-get-a-miss&amp;bu=https%253A%252F%252Fblog.commonwealth.com%252Findependent-market-observer&amp;bvt=rss" alt="" width="1" height="1" style="min-height:1px!important;width:1px!important;border-width:0!important;margin-top:0!important;margin-bottom:0!important;margin-right:0!important;margin-left:0!important;padding-top:0!important;padding-bottom:0!important;padding-right:0!important;padding-left:0!important; "> Commentary Wed, 30 Nov 2022 17:24:56 GMT imoblog@commonwealth.com (Brad McMillan, CFA, CAIA, MAI) https://blog.commonwealth.com/independent-market-observer/jobs-report-preview-will-we-get-a-miss 2022-11-30T17:24:56Z Economic Release Snapshot: Durable Goods Orders Beat Expectations https://blog.commonwealth.com/independent-market-observer/economic-release-snapshot-durable-goods-orders-beat-expectations <div class="hs-featured-image-wrapper"> <a href="https://blog.commonwealth.com/independent-market-observer/economic-release-snapshot-durable-goods-orders-beat-expectations" title="" class="hs-featured-image-link"> <img src="https://blog.commonwealth.com/hubfs/Rebrand-Blog-Images/IMO-images/Monday-Update/monday-a.jpg" alt="Economic Release Snapshot:&nbsp;Durable Goods Orders Beat Expectations" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p>Each week, we break down the latest U.S. economic reports, including what the results mean for the overall health of the economy. Here, you will find how economists’ forecasts compare with actual results, key takeaways to consider, as well as a list of what’s on tap for the week ahead.&nbsp;</p> <div class="hs-featured-image-wrapper"> <a href="https://blog.commonwealth.com/independent-market-observer/economic-release-snapshot-durable-goods-orders-beat-expectations" title="" class="hs-featured-image-link"> <img src="https://blog.commonwealth.com/hubfs/Rebrand-Blog-Images/IMO-images/Monday-Update/monday-a.jpg" alt="Economic Release Snapshot:&nbsp;Durable Goods Orders Beat Expectations" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p>Each week, we break down the latest U.S. economic reports, including what the results mean for the overall health of the economy. Here, you will find how economists’ forecasts compare with actual results, key takeaways to consider, as well as a list of what’s on tap for the week ahead.&nbsp;</p> <img src="https://track.hubspot.com/__ptq.gif?a=295024&amp;k=14&amp;r=https%3A%2F%2Fblog.commonwealth.com%2Findependent-market-observer%2Feconomic-release-snapshot-durable-goods-orders-beat-expectations&amp;bu=https%253A%252F%252Fblog.commonwealth.com%252Findependent-market-observer&amp;bvt=rss" alt="" width="1" height="1" style="min-height:1px!important;width:1px!important;border-width:0!important;margin-top:0!important;margin-bottom:0!important;margin-right:0!important;margin-left:0!important;padding-top:0!important;padding-bottom:0!important;padding-right:0!important;padding-left:0!important; "> In the News Mon, 28 Nov 2022 15:41:40 GMT commonwealthblog@commonwealth.com (Sam Millette) https://blog.commonwealth.com/independent-market-observer/economic-release-snapshot-durable-goods-orders-beat-expectations 2022-11-28T15:41:40Z Thanksgiving Food for Thought: The Parable of the Turkey https://blog.commonwealth.com/independent-market-observer/the-parable-of-the-turkey <div class="hs-featured-image-wrapper"> <a href="https://blog.commonwealth.com/independent-market-observer/the-parable-of-the-turkey" title="" class="hs-featured-image-link"> <img src="https://blog.commonwealth.com/hubfs/Brad_Images_IMO_Blog/Thanksgiving-1.jpg" alt="the parable of the turkey" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p>Once upon a time, a turkey hatched in the dead of winter. He lived in a nice warm coop, had plentiful corn and seeds to eat, and spent much of his poult-hood playing with all of the other little turkeys.</p> <div class="hs-featured-image-wrapper"> <a href="https://blog.commonwealth.com/independent-market-observer/the-parable-of-the-turkey" title="" class="hs-featured-image-link"> <img src="https://blog.commonwealth.com/hubfs/Brad_Images_IMO_Blog/Thanksgiving-1.jpg" alt="the parable of the turkey" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p>Once upon a time, a turkey hatched in the dead of winter. He lived in a nice warm coop, had plentiful corn and seeds to eat, and spent much of his poult-hood playing with all of the other little turkeys.</p> <img src="https://track.hubspot.com/__ptq.gif?a=295024&amp;k=14&amp;r=https%3A%2F%2Fblog.commonwealth.com%2Findependent-market-observer%2Fthe-parable-of-the-turkey&amp;bu=https%253A%252F%252Fblog.commonwealth.com%252Findependent-market-observer&amp;bvt=rss" alt="" width="1" height="1" style="min-height:1px!important;width:1px!important;border-width:0!important;margin-top:0!important;margin-bottom:0!important;margin-right:0!important;margin-left:0!important;padding-top:0!important;padding-bottom:0!important;padding-right:0!important;padding-left:0!important; "> Commentary Wed, 23 Nov 2022 13:59:37 GMT imoblog@commonwealth.com (Brad McMillan, CFA, CAIA, MAI) https://blog.commonwealth.com/independent-market-observer/the-parable-of-the-turkey 2022-11-23T13:59:37Z Economic Release Snapshot: Retail Sales Remain Strong as Housing Slows https://blog.commonwealth.com/independent-market-observer/economic-release-snapshot-retail-sales-remain-strong-as-housing-slows <div class="hs-featured-image-wrapper"> <a href="https://blog.commonwealth.com/independent-market-observer/economic-release-snapshot-retail-sales-remain-strong-as-housing-slows" title="" class="hs-featured-image-link"> <img src="https://blog.commonwealth.com/hubfs/Rebrand-Blog-Images/IMO-images/Monday-Update/monday-b.jpg" alt="Economic Release Snapshot:&nbsp;Retail Sales Remain Strong as Housing Slows" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p>Each week, we break down the latest U.S. economic reports, including what the results mean for the overall health of the economy. Here, you will find how economists’ forecasts compare with actual results, key takeaways to consider, as well as a list of what’s on tap for the week ahead.&nbsp;</p> <div class="hs-featured-image-wrapper"> <a href="https://blog.commonwealth.com/independent-market-observer/economic-release-snapshot-retail-sales-remain-strong-as-housing-slows" title="" class="hs-featured-image-link"> <img src="https://blog.commonwealth.com/hubfs/Rebrand-Blog-Images/IMO-images/Monday-Update/monday-b.jpg" alt="Economic Release Snapshot:&nbsp;Retail Sales Remain Strong as Housing Slows" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p>Each week, we break down the latest U.S. economic reports, including what the results mean for the overall health of the economy. Here, you will find how economists’ forecasts compare with actual results, key takeaways to consider, as well as a list of what’s on tap for the week ahead.&nbsp;</p> <img src="https://track.hubspot.com/__ptq.gif?a=295024&amp;k=14&amp;r=https%3A%2F%2Fblog.commonwealth.com%2Findependent-market-observer%2Feconomic-release-snapshot-retail-sales-remain-strong-as-housing-slows&amp;bu=https%253A%252F%252Fblog.commonwealth.com%252Findependent-market-observer&amp;bvt=rss" alt="" width="1" height="1" style="min-height:1px!important;width:1px!important;border-width:0!important;margin-top:0!important;margin-bottom:0!important;margin-right:0!important;margin-left:0!important;padding-top:0!important;padding-bottom:0!important;padding-right:0!important;padding-left:0!important; "> In the News Mon, 21 Nov 2022 14:26:17 GMT commonwealthblog@commonwealth.com (Sam Millette) https://blog.commonwealth.com/independent-market-observer/economic-release-snapshot-retail-sales-remain-strong-as-housing-slows 2022-11-21T14:26:17Z Inflation Has Peaked https://blog.commonwealth.com/independent-market-observer/inflation-has-peaked <div class="hs-featured-image-wrapper"> <a href="https://blog.commonwealth.com/independent-market-observer/inflation-has-peaked" title="" class="hs-featured-image-link"> <img src="https://blog.commonwealth.com/hubfs/Rebrand-Blog-Images/IMO-images/Inflation/Inflation-b.jpg" alt="Inflation Has Peaked" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p>To be honest, I probably would not have used that headline a couple of weeks ago. Although I spent about a month putting together <a href="https://blog.commonwealth.com/independent-market-observer/softer-inflation-numbers-a-win-for-economy">my talk for Commonwealth’s National Conference</a>, which pretty much comes to that conclusion, I was not yet at a point where I would put that as the headline. Even as I rehearsed the night before, I was thinking about how I would handle the talk if the next morning’s data release—just hours before the talk itself—put inflation back up again. I couldn’t rewrite my presentation, as there wasn’t enough time (and besides, the art department was already upset with me).</p> <div class="hs-featured-image-wrapper"> <a href="https://blog.commonwealth.com/independent-market-observer/inflation-has-peaked" title="" class="hs-featured-image-link"> <img src="https://blog.commonwealth.com/hubfs/Rebrand-Blog-Images/IMO-images/Inflation/Inflation-b.jpg" alt="Inflation Has Peaked" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p>To be honest, I probably would not have used that headline a couple of weeks ago. Although I spent about a month putting together <a href="https://blog.commonwealth.com/independent-market-observer/softer-inflation-numbers-a-win-for-economy">my talk for Commonwealth’s National Conference</a>, which pretty much comes to that conclusion, I was not yet at a point where I would put that as the headline. Even as I rehearsed the night before, I was thinking about how I would handle the talk if the next morning’s data release—just hours before the talk itself—put inflation back up again. I couldn’t rewrite my presentation, as there wasn’t enough time (and besides, the art department was already upset with me).</p> <img src="https://track.hubspot.com/__ptq.gif?a=295024&amp;k=14&amp;r=https%3A%2F%2Fblog.commonwealth.com%2Findependent-market-observer%2Finflation-has-peaked&amp;bu=https%253A%252F%252Fblog.commonwealth.com%252Findependent-market-observer&amp;bvt=rss" alt="" width="1" height="1" style="min-height:1px!important;width:1px!important;border-width:0!important;margin-top:0!important;margin-bottom:0!important;margin-right:0!important;margin-left:0!important;padding-top:0!important;padding-bottom:0!important;padding-right:0!important;padding-left:0!important; "> Commentary Fri, 18 Nov 2022 19:26:54 GMT imoblog@commonwealth.com (Brad McMillan, CFA, CAIA, MAI) https://blog.commonwealth.com/independent-market-observer/inflation-has-peaked 2022-11-18T19:26:54Z Monthly Market Risk Update: November 2022 [SlideShare] https://blog.commonwealth.com/independent-market-observer/monthly-market-risk-update-november-2022-slideshare <div class="hs-featured-image-wrapper"> <a href="https://blog.commonwealth.com/independent-market-observer/monthly-market-risk-update-november-2022-slideshare" title="" class="hs-featured-image-link"> <img src="https://blog.commonwealth.com/hubfs/Brad_Images_IMO_Blog/Monthly%20Market%20Risk%20Update_New.jpg" alt="Monthly Market Risk Update: November 2022 [SlideShare]" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p><em></em> <span>My colleague <a href="https://blog.commonwealth.com/independent-market-observer/author/sam-millette" style="font-style: normal;">Sam Millette,</a> manager, fixed income on Commonwealth’s Investment Management and Research team, helped me put together this month’s Market Risk Update. Thanks for the assist, Sam! Let’s take a closer look.</span></p> <div class="hs-featured-image-wrapper"> <a href="https://blog.commonwealth.com/independent-market-observer/monthly-market-risk-update-november-2022-slideshare" title="" class="hs-featured-image-link"> <img src="https://blog.commonwealth.com/hubfs/Brad_Images_IMO_Blog/Monthly%20Market%20Risk%20Update_New.jpg" alt="Monthly Market Risk Update: November 2022 [SlideShare]" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p><em></em> <span>My colleague <a href="https://blog.commonwealth.com/independent-market-observer/author/sam-millette" style="font-style: normal;">Sam Millette,</a> manager, fixed income on Commonwealth’s Investment Management and Research team, helped me put together this month’s Market Risk Update. Thanks for the assist, Sam! Let’s take a closer look.</span></p> <img src="https://track.hubspot.com/__ptq.gif?a=295024&amp;k=14&amp;r=https%3A%2F%2Fblog.commonwealth.com%2Findependent-market-observer%2Fmonthly-market-risk-update-november-2022-slideshare&amp;bu=https%253A%252F%252Fblog.commonwealth.com%252Findependent-market-observer&amp;bvt=rss" alt="" width="1" height="1" style="min-height:1px!important;width:1px!important;border-width:0!important;margin-top:0!important;margin-bottom:0!important;margin-right:0!important;margin-left:0!important;padding-top:0!important;padding-bottom:0!important;padding-right:0!important;padding-left:0!important; "> Monthly Market Risk Updates Thu, 17 Nov 2022 16:35:51 GMT imoblog@commonwealth.com (Brad McMillan, CFA, CAIA, MAI) https://blog.commonwealth.com/independent-market-observer/monthly-market-risk-update-november-2022-slideshare 2022-11-17T16:35:51Z Economic Risk Factor Update: November 2022 [SlideShare] https://blog.commonwealth.com/independent-market-observer/economic-risk-factor-update-november-2022-slideshare <div class="hs-featured-image-wrapper"> <a href="https://blog.commonwealth.com/independent-market-observer/economic-risk-factor-update-november-2022-slideshare" title="" class="hs-featured-image-link"> <img src="https://blog.commonwealth.com/hubfs/Brad_Images_IMO_Blog/Economic%20Risk%20Factor%20Update_New.jpg" alt="Economic Risk Factor Update: November 2022 [SlideShare]" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p><em></em>My colleague <a href="https://blog.commonwealth.com/independent-market-observer/author/sam-millette" style="font-style: normal;">Sam Millette</a>, manager, fixed income on Commonwealth’s Investment Management and Research team, helped me put together this month’s Economic Risk Factor Update. Thanks for the assist, Sam! Let’s take a closer look.</p> <div class="hs-featured-image-wrapper"> <a href="https://blog.commonwealth.com/independent-market-observer/economic-risk-factor-update-november-2022-slideshare" title="" class="hs-featured-image-link"> <img src="https://blog.commonwealth.com/hubfs/Brad_Images_IMO_Blog/Economic%20Risk%20Factor%20Update_New.jpg" alt="Economic Risk Factor Update: November 2022 [SlideShare]" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p><em></em>My colleague <a href="https://blog.commonwealth.com/independent-market-observer/author/sam-millette" style="font-style: normal;">Sam Millette</a>, manager, fixed income on Commonwealth’s Investment Management and Research team, helped me put together this month’s Economic Risk Factor Update. Thanks for the assist, Sam! Let’s take a closer look.</p> <img src="https://track.hubspot.com/__ptq.gif?a=295024&amp;k=14&amp;r=https%3A%2F%2Fblog.commonwealth.com%2Findependent-market-observer%2Feconomic-risk-factor-update-november-2022-slideshare&amp;bu=https%253A%252F%252Fblog.commonwealth.com%252Findependent-market-observer&amp;bvt=rss" alt="" width="1" height="1" style="min-height:1px!important;width:1px!important;border-width:0!important;margin-top:0!important;margin-bottom:0!important;margin-right:0!important;margin-left:0!important;padding-top:0!important;padding-bottom:0!important;padding-right:0!important;padding-left:0!important; "> Economic Risk Factor Updates Tue, 15 Nov 2022 16:56:23 GMT imoblog@commonwealth.com (Brad McMillan, CFA, CAIA, MAI) https://blog.commonwealth.com/independent-market-observer/economic-risk-factor-update-november-2022-slideshare 2022-11-15T16:56:23Z Economic Release Snapshot: Consumer Sentiment Soured in November https://blog.commonwealth.com/independent-market-observer/economic-release-snapshot-consumer-sentiment-soured-in-november <div class="hs-featured-image-wrapper"> <a href="https://blog.commonwealth.com/independent-market-observer/economic-release-snapshot-consumer-sentiment-soured-in-november" title="" class="hs-featured-image-link"> <img src="https://blog.commonwealth.com/hubfs/Rebrand-Blog-Images/IMO-images/Monday-Update/monday-c.jpg" alt="Economic Release Snapshot:&nbsp;Consumer Sentiment Soured in November" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p>Each week, we break down the latest U.S. economic reports, including what the results mean for the overall health of the economy. Here, you will find how economists’ forecasts compare with actual results, key takeaways to consider, as well as a list of what’s on tap for the week ahead.&nbsp;</p> <div class="hs-featured-image-wrapper"> <a href="https://blog.commonwealth.com/independent-market-observer/economic-release-snapshot-consumer-sentiment-soured-in-november" title="" class="hs-featured-image-link"> <img src="https://blog.commonwealth.com/hubfs/Rebrand-Blog-Images/IMO-images/Monday-Update/monday-c.jpg" alt="Economic Release Snapshot:&nbsp;Consumer Sentiment Soured in November" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p>Each week, we break down the latest U.S. economic reports, including what the results mean for the overall health of the economy. Here, you will find how economists’ forecasts compare with actual results, key takeaways to consider, as well as a list of what’s on tap for the week ahead.&nbsp;</p> <img src="https://track.hubspot.com/__ptq.gif?a=295024&amp;k=14&amp;r=https%3A%2F%2Fblog.commonwealth.com%2Findependent-market-observer%2Feconomic-release-snapshot-consumer-sentiment-soured-in-november&amp;bu=https%253A%252F%252Fblog.commonwealth.com%252Findependent-market-observer&amp;bvt=rss" alt="" width="1" height="1" style="min-height:1px!important;width:1px!important;border-width:0!important;margin-top:0!important;margin-bottom:0!important;margin-right:0!important;margin-left:0!important;padding-top:0!important;padding-bottom:0!important;padding-right:0!important;padding-left:0!important; "> In the News Mon, 14 Nov 2022 15:11:56 GMT commonwealthblog@commonwealth.com (Sam Millette) https://blog.commonwealth.com/independent-market-observer/economic-release-snapshot-consumer-sentiment-soured-in-november 2022-11-14T15:11:56Z Softer Inflation Numbers a Win for Economy https://blog.commonwealth.com/independent-market-observer/softer-inflation-numbers-a-win-for-economy <div class="hs-featured-image-wrapper"> <a href="https://blog.commonwealth.com/independent-market-observer/softer-inflation-numbers-a-win-for-economy" title="" class="hs-featured-image-link"> <img src="https://blog.commonwealth.com/hubfs/Rebrand-Blog-Images/IMO-images/Inflation/Inflation-c.jpg" alt="Softer Inflation Numbers a Win for Economy" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p>This will be another short post as I am giving a talk this morning on . . . wait for it . . . inflation! The whole thesis of the talk is that inflation is going to roll over shortly, for a bunch of reasons that I will describe in future posts. Or so I hope, anyway.</p> <div class="hs-featured-image-wrapper"> <a href="https://blog.commonwealth.com/independent-market-observer/softer-inflation-numbers-a-win-for-economy" title="" class="hs-featured-image-link"> <img src="https://blog.commonwealth.com/hubfs/Rebrand-Blog-Images/IMO-images/Inflation/Inflation-c.jpg" alt="Softer Inflation Numbers a Win for Economy" class="hs-featured-image" style="width:auto !important; max-width:50%; float:left; margin:0 15px 15px 0;"> </a> </div> <p>This will be another short post as I am giving a talk this morning on . . . wait for it . . . inflation! The whole thesis of the talk is that inflation is going to roll over shortly, for a bunch of reasons that I will describe in future posts. Or so I hope, anyway.</p> <img src="https://track.hubspot.com/__ptq.gif?a=295024&amp;k=14&amp;r=https%3A%2F%2Fblog.commonwealth.com%2Findependent-market-observer%2Fsofter-inflation-numbers-a-win-for-economy&amp;bu=https%253A%252F%252Fblog.commonwealth.com%252Findependent-market-observer&amp;bvt=rss" alt="" width="1" height="1" style="min-height:1px!important;width:1px!important;border-width:0!important;margin-top:0!important;margin-bottom:0!important;margin-right:0!important;margin-left:0!important;padding-top:0!important;padding-bottom:0!important;padding-right:0!important;padding-left:0!important; "> Commentary Thu, 10 Nov 2022 18:24:08 GMT imoblog@commonwealth.com (Brad McMillan, CFA, CAIA, MAI) https://blog.commonwealth.com/independent-market-observer/softer-inflation-numbers-a-win-for-economy 2022-11-10T18:24:08Z