Kent Engelke

January’s CPI is released at 8:30. Consensus is expected inflation to decline from a 3.4% annual rate to 2.9%.  The core rate of inflation is projected to fall from 3.9% to

The revisions to the CPI were uneventful.  Some had feared a repeat of last year when inflationary pressures were greater than previously reported, a concern perhaps based upon FRB Chair’s remarks that

Treasury markets breathed a collective sigh of relief that all three Treasury auctions held during the week were met with “strong demand.” Yesterday the government sold $25 billion of the

The massive overperformance of the seven companies that have propelled the indices higher is well known.  The dangers of such imbalance have been widely discussed.  The massive

Markets were generally quiet yesterday.  Treasuries rebounded marginally following a bruising two day sell off following statements made by Cleveland Fed Bank of Cleveland President Loretta Mester that

Treasuries had their biggest two-day loss in months as FRB Chair reiterated the long-held view that the Committee is unlikely to lower rates before May, if not later.

Was last week one of significance?  Based upon Friday’s jobs data and the profit performance of the Magnificent Seven that could now be called the

Markets shrugged off the realization that a March pivot in monetary policy may not occur, focusing instead on the upcoming earnings and jobs report.  At the time of this writing, Fed Fund futures are only suggesting a

JP Morgan wrote yesterday that the dominance of the biggest 10 stocks is drawing similarities with the dot-com bubble, raising the risk of a selloff

For most of the day, trading yesterday was relatively quiet ahead of a deluge of top tier earnings and economic reports.  Late in the afternoon, however, the Treasury announced its