Jobs Report Signals Another Fed Cut This Week

Published on November 6, 2024

Last week's jobs report hit a "sweet spot" for the markets, confirming enough economic cooling to signal potential Fed rate cuts without yet sparking fears of a recession. I expect a 25-basis-point cut from the Fed this week and Powell may set us up for a data-dependent pause in December.

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Potential Benefits of Tax-Loss Harvesting and Direct Indexing

November 6, 2024
Brian C. Smith, executive director with Eaton Vance, explains the benefits of tax loss harvesting through direct indexing.

Oh, No, a Three-Handed Economist

November 6, 2024
As you know, economists are normally criticized and accused of being ‘two-handed.’ This is because when we talk, we typically say, “on the one hand, and on the other hand.” Many argue that we are hedging our bets and lack the spine to take a position. While we disagree with that simplistic view of our job, we can understand why we are accused of being ‘two-handed.’