Industrials


June 12, 2023

GLJ Macro Weekly – Liquidity Check-In, May Rental Inflation Update (has the Fed “Licked” Rent Inflation), & Steel Market Chart Refresh

By Gordon L. Johnson II

So How are Things Trending when Looking at Liquidity, Rent Inflation, and Steel Market Data? In this note, we provide a check-in on: (a) the state of U.S. liquidity when looking at a combination of…

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May 25, 2023

GLJ Macro Weekly – Does the Re-Acceleration in April Rent Inflation Suggest the Fed’s Victory Lap About “Having Licked” Rent Inflation was… Premature?

By Gordon L. Johnson II

Is There a Pending Disaster Brewing on the Fed’s Inflation Fight Front, which is Flying Completely Under the Radar? In recent communications with the market, the Fed has expressed its view that core inflation (i.e.,…

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May 22, 2023

GLJ Research Macro Update: “Magical Elixir” Update – So Far, The “GLJ Research Elixir” Has Worked in Predicting Stock Market Moves… So What’s to Come?

By Gordon L. Johnson II

The Invesco QQQ Index and the Treasury General Account (“TGA”) Balance Have Tracked Each Other Quite Closely Since 11/1/22. As detailed in Ex. 1 below, Treasury Secretary Janet Yellen’s TGA account balance (i.e., the “piggy…

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May 18, 2023

GLJ Research Macro Update – What if we Told you We had a “Magical Elixir” that Could Help you Outperform Tech Stocks (i.e., the QQQs) Until the Debt Ceiling was Resolved?

By Gordon L. Johnson II

The Invesco QQQ Index and the Treasury General Account (“TGA”) Balance Have Tracked Each Other Quite Closely Since 11/1/22. As detailed in Ex. 1 below, Treasury Secretary Janet Yellen’s TGA account balance (i.e., the “piggy…

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