SAC's commentaries are sought after by investment professionals and clients alike for their timely insight into the strengths, weaknesses, and future direction of the market.

First Quarter 2012

2012: Euro-Crisis, Economic Weakness, Stagnant Incomes, and Persistent Structural...

Despite the likelihood of a higher-than-third-quarter print for GDP in the first quarter, the economy's recent momentum is poised to fade early in 2012. By all indications, retailers enjoyed a rather festive holiday shopping season, headlined by record sales over the Black Friday weekend. The burst in spending for Kindles and iPhones contributed importantly to a GDP growth rate the could hit 2.5% in the October-December period, which would be the strongest since the second quarter of 2010 and up from a 1.2% average over the first three quarters of the year. But like the episodic growth spurts that came before in this erratic and sub-par recovery, this one is not sustainable. Read Full Version >

2011