Sharkey, Howes & Javer

Sharkey, Howes and Javer
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Inside the Economy with SHJ

  1. 3d ago

    Inside the Economy: Inflation, Interest Rates, and Venezuela

    This week on Inside the Economy, we explore inflation, interest rates, Venezuela and other trading partners. U.S. inflation accelerated in April, likely driven by continued increases in gasoline prices, groceries, rent, airfare, and other everyday expenses. As inflation pressures persist, small businesses may feel a greater financial strain than larger corporations. New data highlights which states have the highest proportion of employees working for small businesses — where does Colorado rank on the list? Moving onto bond yields, U.S. 10-year Treasury yields have fluctuated over the years alongside changing Federal Reserve leadership and evolving economic conditions. New data shows that AI hyperscalers have been rapidly increasing debt issuance to finance the accelerating expansion of artificial intelligence infrastructure, with 2026 bond sales already exceeding total issuance for all of 2025. Riskier areas of the bond market have recently outperformed, with CCC-rated junk bonds leading year-to-date gains. Could this be a sign of growing investor confidence or a warning that markets may be taking on more risk than they realize? Lastly, Venezuelan dollar bonds have staged a significant rally after years of distress, with prices climbing sharply as investor optimism and geopolitical developments improve sentiment toward the country’s debt market. The question now is, will this momentum continue moving forward? Tune in to learn more.   Key Takeaways: Crude oil at $93.88 per barrel 30-year Mortgage rate at 6.51% Headline CPI at 3.8% (YoY)

    14 min

  2. May 13

    Inside the Economy: Personal Income, S&P Earnings Growth, and Oil Supply

    This week on Inside the Economy, we explore personal income, S&P 500 profit and earnings growth, and world oil inventories. New data for disposable personal income shows a jump in income, most likely due to government employees returning to work. Personal outlays also increased in February and March, but what might be driving the rise in spending? On the employment front, the market continues to grow with hires increasing month to month while layoffs remain unchanged. At the same time, job openings are declining. What is causing the decline? S&P 500 earnings growth has been trending in a positive direction, with first quarter estimates reaching 27 percent. Interestingly, companies have also increased stock buybacks this year. Which company has announced $100 billion in share repurchases? Lastly, world oil inventories are falling at a record pace amid the Iran war. While the United States is less dependent on Iranian oil, which countries are most affected? Tune in to learn more.   Key Takeaways: S. GDP growth rate at 2.0% in Q1 30-year Mortgage rate at 6.37% PCE Core CPI at 3.2% (YoY)

    11 min

  3. Apr 29

    Inside the Economy: Cost of Living, Iran Conflict, and Global Markets

    This week on Inside the Economy, we assess the cost of living, impact from the Iran conflict, and global markets including global trade. Consumer spending remains positive, yet the pace is beginning to slow alongside a pullback in credit card usage, what could be causing this shift, and could we expect this trend to continue? Historically, wage growth has often differed between high-skilled and low-skilled occupations, with only a few key periods where both moved in tandem. Where are we seeing wage growth trending today, and what does that tell us about the current labor market? As we continue to monitor developments in the Iran conflict, one message has come through clearly—capital markets have appeared resilient. While U.S. stocks have rebounded strongly, how have international equities performed and have they participated in the recovery? Tune in to learn more.   Key Takeaways: Crude oil is $95.04 per barrel Colorado ranked 103 in Cost-of-Living Index 2025 Average 30-year mortgage at 6.23%

    9 min

  4. Apr 15

    Inside the Economy: Consumer Spending, Pricing, and S&P 500 Outlook

    This week on Inside the Economy, we assess consumer spending, home pricing, and the outlook for the S&P 500. Amid the Iranian conflict, oil prices have increased, but has this impacted consumer spending? Higher-income households have seen after-tax wage growth rise to 5.6% year-over-year; how does that compare to lower-income households? Additionally, according to the Affordability Price Index, consumer affordability appears to have been minimally affected. How could interest rate changes affect affordability going forward? Turning to home prices, they seem reluctant to adjust, which may be attributed to labor and material costs remaining around $200 per square foot. Geographically, where are home prices seeing the largest increases? Finally, the S&P 500 price-to-earnings ratio is near its lowest level in a year and appears healthier relative to earnings, but how many companies have issued positive EPS guidance? Tune in to learn more.   Key Takeaways: Core CPI at 2.5% (YoY) Nondefense Capital Goods Shipments at 6.4% in February (YoY) S&P 500 price to earnings ratio at 20

    10 min

  5. Apr 1

    Inside the Economy: World Events, Safe Haven Status, and Cost of Energy

    This week on Inside the Economy, we explore the economic impact from the current world events, safe haven status, and cost of energy. Inflation has cooled and is now stabilizing around 3%, but that remains above the Federal Reserve’s usual 2% target. This raises the question of whether consumers will begin to see meaningful relief in prices ahead. Over the past 80 years, gasoline and other energy goods have become a smaller share of U.S. consumer spending, yet they remain highly volatile. If the volatility persists, could the impact stay contained or could it begin to pressure broader household budgets? Global primary energy consumption is broadly diversified across sources, yet one category continues to gain share and stand out from the rest - so what is driving this shift, and what may it indicate for markets and the economy ahead? The S&P 500 has recently fallen below its 200-day moving average, a key technical support level, raising an important question: is this simply a short-term, headline-driven pullback, or possibly an early signal of a more sustained shift in market direction? Tune in to learn more!   Key Takeaways: 30-year mortgage rates rose to 6.38% Unemployment rate remained at 4.4% Crude Oil at $101.00 a barrel

    8 min

  6. Mar 18

    Inside the Economy: Inflation Outlook, Affordability, and Hydrocarbons

    This week on Inside the Economy, we explore the inflation outlook, affordability, and hydrocarbons alongside urea prices. Spending in February grew about 3 percent year over year, which may indicate a relatively strong consumer. What can the uptick in consumer spending be attributed to? Inflation has remained elevated in recent data. What are the projections for a future rate cut or hike? Housing affordability remains strained, especially as the cost of building new homes stays elevated. In addition, with interest rates and other costs rising post-COVID, the annual mortgage payment as a share of income remains high. What are the current levels of monthly property insurance premiums, and what factors are built into them? Regarding energy, the United States is now a net exporter. Are regions such as the European union and China primarily net importers or next exporters of energy? Tune in to learn more.   Key Takeaways: PCE Core CPI at 3.1% (YoY) National home price to income ratio was 4.93 in the fourth quarter of 2025 Crude Oil at $95.36 a barrel

    15 min

  7. Mar 4

    Inside the Economy: Job Market, Future Inflation, and Who is Buying and Shipping to Whom

    This week on Inside the Economy, we explore the evolving job market and affordability, financial markets and inflation, and break down the latest trends in imports and exports. Job availability has been trending lower since 2022. What factors could influence whether this trend continues, stabilizes, or reverses in the near term? Commercial mortgage-backed securities (CMBS) delinquencies have risen sharply in recent years. Where might this trend lead next, and what could the downstream implications be? The Congressional Budget Office projects that federal deficits will rise from 2026 through 2035 due to policy changes. What specific spending and revenue adjustments are driving those increases? As for the biggest source of U.S. imports, European Union took the lead, which country or region is close behind? Foreign investors have steadily increased their holdings of U.S. government debt. Will this demand remain strong in the years ahead? Tune in to learn more.   Key Takeaways: Real GDP increased 1.4% in Q4 2025 30 year mortgage dipped to 5.98% Crude Oil rose to $72.58 per barrel

    13 min

  8. Feb 18

    Inside the Economy: Consumer Debt, Inflation, Deflation, and S&P Earnings Growth

    This week on Inside the Economy, we address consumer debt, inflation and deflation across the U.S., and S&P earnings growth. The total consumer debt balance and its composition have not changed much for consumers aside from slight increases in mortgages since the post Covid period. On the other hand, balances by delinquency status have seen larger adjustments. Which source of debt has changed the most and why? Is the new data more of a normalization within the debt landscape? Inflation readings across the country show some disparity, largely driven by gasoline prices. Which areas are experiencing deflation? Technically, some metrics suggest markets may be overvalued based on earnings as measured by the price to earnings ratio. What was earnings growth in the fourth quarter of 2025, and how does that compare historically? Tune in to learn more.   Key Takeaways: ISM Service at 53.8 Head CPI Inflation at 2.4% (YOY) S&P 500 Earnings Growth at 11.9% (Q4 2025)

    10 min
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About

Inside the Economy with SHJ

Information

  • Creator
    Sharkey, Howes and Javer
  • Years Active
    2015 - 2026
  • Episodes
    100
  • Rating
    Clean
  • Copyright
    © Copyright 2015 . All rights reserved.
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    Sharkey, Howes & Javer

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