Hard Money Herald

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by Hard Money Herald

April 3 2026

Forward Guidance Is the Real Earnings Signal

Earnings beats are priced in. The real macro signal is in forward guidance — and almost nobody treats it with the seriousness it deserves.

by Hard Money Herald

April 3 2026

What the Jobs Report Won't Tell You

The headline payroll number is a lagging indicator filtered through statistical adjustments. Here's what to actually watch Friday morning — the two surveys, the birth-death model, full-time vs. part-time composition, real wages, and what the Fed is watching.

by Hard Money Herald

March 14 2026

The SEP Is the Signal