Kevin Gordon

Head of Macro Research and Strategy, Schwab Center for Financial Research Disclosures:

[Kevin Gordon @KevRGordon]

@RenMacLLC Neil! So fun!

[Kevin Gordon @KevRGordon]

Sometimes I just need a minute

[Kristina Bolten @Kristinartz]

People who eat alone at restaurants! what's the reason? 🤔 🍽️

[Kevin Gordon @KevRGordon]

"A JPMorgan analysis last month found that more than 60% of data-center capacity planned for completion in 2027 isn’t yet under construction, and another 7% is delayed."

@wsj https://t.co/wN09gqgEc1

[RenMac: Renaissance Macro Research @RenMacLLC]

Important to remember that these two series don’t have the same industry composition. ISM “services” is really anything that isn’t manufacturing and includes mining and utilities.

[Kevin Gordon @KevRGordon]

The Fed's Beige Book says higher-income households remain resilient, while middle-income households are "squeezing more life out of every dollar before deciding to spend it"

[Kevin Gordon @KevRGordon]

It's June and that means @LizAnnSonders and I are out with our midyear outlook:

"A more sustainable broadening out of market performance...would likely require an end to the war and a "permanent" re-opening of the Strait of Hormuz."

https://t.co/lJQyq6M4oX

[Liz Ann Sonders @LizAnnSonders]

Looking forward to joining @michaelsantoli and @MelissaLeeCNBC on @CNBCClosingBell #Overtime around 4:05pm ET today

[Kevin Gordon @KevRGordon]

S&P 500 -0.34% with 264 members advancing

[Kevin Gordon @KevRGordon]

Services PMI from @SPGlobalPMI looked quite different from the ISM PMI in May ... revised down from an initial 50.9 to 50.7, with the outlook falling to the lowest since October 2022

[Kevin Gordon @KevRGordon]

From @bespokeinvest:

Tech and Comm services now make up 49.6% of the S&P 500's market cap ... that is one percentage point less than the combined weight of all nine other sectors

[Kevin Gordon @KevRGordon]

Core factory orders +7.3% y/y in April ... March was revised higher as well, underscoring the stronger momentum we've been experiencing in the first half of the year

[Kevin Gordon @KevRGordon]

Respondents to the ISM Services survey in May reported several concerns around pricing, along with some mentions of supply constraints

[Kevin Gordon @KevRGordon]

Such a fun night ... thanks to @WealthWatch, @AnnBerry_NYC , and @SteveSosnick. And big congrats to the new Bloomberg Money show (hosted by @tomkeene and @scarletfu)

[Ann Berry @AnnBerry_NYC]

Fun times at @bloomberg last night speaking at a live event in honor of the new Bloomberg Money tv show launch! Brilliant moderating by @WealthWatch and loved sharing ideas with @KevRGordon & @SteveSosnick on where to invest in AI, experiences, commodities and why younger investors are allocating their portfolios in a way that many older ones don’t recognize. Excited to see @tomkeene & @scarletfu fly with their first episode this Friday!

[Kevin Gordon @KevRGordon]

ISM Services PMI rises to 54.5 in May, with business activity and new orders looking solid. Employment ticked down and remained in contraction while prices paid made a new cycle high

[Kevin Gordon @KevRGordon]

Per a March-April Harvard Youth Poll, Americans between 18 and 29 years old said rising prices and inflation ranked as both as the top crisis requiring action and issue posing the largest risk to their personal lives

[Kevin Gordon @KevRGordon]

@kimjournalist March 2025 was -53k

[Kevin Gordon @KevRGordon]

ADP private payrolls come in at +122k for May … best since January 2025

[Kevin Gordon @KevRGordon]

Year-to-date:

S&P 500 Energy +27.95%
S&P 500 Tech +27.76%

[Kevin Gordon @KevRGordon]

Data from @indeed show job postings rolling back over ... now at the lowest since last November

[Kevin Gordon @KevRGordon]

S&P 500's forward 12m profit margin keeps spiking to new highs

[Kevin Gordon @KevRGordon]

Philly Semiconductor Index most stretched vs. its 200d moving average since March 2000