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Baker Market Update: Sept. 18, 2017

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A lot of excitement this week for those that get excited about cell phones. Apple announced their latest and greatest new device to much fanfare. There’s was also a lot of excitement this week for those that get excited about inflation. The Bureau of Labor Statistics (BLS) announced a greater-than-expected rise of 0.4% in its Consumer Price Index (CPI). One wonders, will Janet Yellen still be able to blame disinflation, the bane of her existence, on the telecommunications industry? Rumor has it that the shiny, new iPhone X comes with a shiny, new price tag of $1,000. American.

Baker Market Update: Aug. 21, 2017


Double, double toil and trouble; Fire burn and caldron bubble.

Shakespeare’s “Song of the Witches” may have even more relevance for the modern world than it did for the age of Macbeth.  The latest terrorist event in Spain reminds anyone who might need reminding  that the world can be a dangerous  place, even without evil spells, and financial markets are exposed to risks beyond those described by economic conditions.

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Baker Market Update: August 7, 2017


While the arrival of August may herald the dog days of summer, this morning’s Jobs Report was no dog. No offense to our canine friends, but without the viewing lens of the “new normal”, a report like this ten years ago would have had four legs and a tail.  But that was then. Now, the 209k addition to Non- Farm Payrolls looks like a barn burner, especially in light of the 180k expectation. And, our already fully-employed economy became even more fully-employed as the Unemployment Rate fell by a tenth to 4.3%.

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