David Blitzer

Chairman of the Index Committee
S&P Dow Jones Indices

David M. Blitzer is managing director and chairman of the Index Committee with overall responsibility for index security selection, as well as index analysis and management.

Prior to becoming Chairman of the Index Committee, Dr. Blitzer was Standard & Poor’s Chief Economist.  Before joining Standard & Poor's, he was Corporate Economist at The McGraw-Hill Companies, S&P's parent corporation.  Prior to that, he was a Senior Economic Analyst with National Economic Research Associates, Inc. and did consulting work for various government and private sector agencies including the New Jersey Department of Environmental Protection, the National Commission on Materials Policy and Natural Resources Defense Council.

Dr. Blitzer is the author of Outpacing the Pros: Using Indices to Beat Wall Street’s Savviest Money Managers, (McGraw-Hill, 2001) and What’s the Economy Trying to Tell You? Everyone’s Guide to Understanding and Profiting from the Economy, (McGraw-Hill, 1997).  In the year 2000, Dr. Blitzer was named to SmartMoney magazine’s distinguished list of the 30 most influential people in the world of investing, which ranked him seventh, and in the year 1998, Dr. Blitzer was named the nation’s top economist, receiving the Blue Chip Economic Forecasting Award for most accurately predicting the country’s leading economic indicators for four years in a row.  A well-known speaker at investing and indexing conferences, Dr. Blitzer is often quoted in the national business press, including the New York Times, Wall Street Journal, USA Today, Financial Times, and various other financial and industry publications.  He is frequently heard on local and national television and radio.

A graduate of Cornell University with a B.S. in engineering, Dr. Blitzer received his M.A. in economics from the George Washington University and his Ph.D. in economics from Columbia University.

Author Archives: David Blitzer

The Fed: No Change In Rates Amidst Puzzling Policies

Questions and some answers on issues facing, or created at, the Fed Raise Rates? Not very likely next week at the September 21st FOMC meeting.  Recent data including August jobs report, declines in Industrial Production and Retail Sales and comments from FOMC members argue against a move now.  The November 2nd meeting is just days Read more […]

What’s Next from the Fed

Last weekend the Federal Reserve held its annual symposium at Jackson Hole Wyoming and discussed near and longer term monetary issues. No Rate hike in September There are three FOMC meetings remaining this year: September 21st, November 2nd and December 14th. While there is no rule that all interest rate target changes must come at Read more […]

Bank Lending: More Demand, Tighter Standards

Three times a year the Federal Reserve surveys bank lending officers about credit standards, loan pricing and the demand for borrowing.  The Survey provides insights into business and consumer borrowing as well as where the economy may be headed.  The results of the July 2016 survey, released today, echo the details in last week’s GDP Read more […]

Home Prices Rising

This morning’s S&P CoreLogic Case-Shiller Home Price Indices report showed prices rising at about a 5% annual rate over the last 12 months.  Across the country the pattern varies with strong price gains in the Pacific Northwest and small price increases in New York and Washington DC.  The press release and data are available at Read more […]

Party like it’s 2007

House sales and prices are rising.  Home sales in June were 5.57 million at annual rates, the highest since February 2007 when national home prices peaked.  Currently prices as measured by the S&P/Case-Shiller National Home Price Index are climbing at a 5% annual rate and are a mere 3% from their all-time peak. What next?  Read more […]

Credit Cards and Retail Sales

This morning’s release of the S&P/Experian Consumer Credit Default Indices showed that default rates for bank cards – such as VISA, MasterCard or others – climbed year to date while other categories of consumer borrowing such as mortgages and auto loans did not. Even though the bank card rate at 3.11% is 61 basis points Read more […]

Remember Inflation

This morning’s CPI report for June looked like the last few reports showing inflation at about one percent in the last 12 months. However, beneath the surface things are shifting around and giving hints that a year from now prices could be noticeably higher than they are today. A modest rise in inflation over the Read more […]

The Payroll Surge and the Fed

Payrolls jumped with 287,000 new jobs in today’s employment report sparking a stock market rally that boosted the S&P 500 to within five points of a new record high and renewed questions about a Fed rate hike. The employment report was welcome and put to rest worries that the labor markets were weakening. However, the Read more […]

REITs Rising Up

REITs used to be seen as step-children – unusual securities with special tax treatments and slightly different accounting. Some investors weren’t sure if REITs were really common stocks. Then in 2002 for the first time a REIT was added to the S&P 500. That recognition attracted attention and investors began to see REITs as a Read more […]

Inside the S&P 500: The Real Estate Sector

Part of the power of the S&P 500 is analyzing the market and gaining insights into which stocks rising or falling.  The key to these analyses is GICS – the Global Industry Classification Standard – which is used to define the sectors and industries in the index. GICS is jointly maintained by S&P Dow Jones Read more […]