Market Commentary

The velocity of change is incredible.  At the end of October, the S & P 500 was at its lowest level since May and 10% below its July peak.  The NASDAQ 100 was almost

Treasuries continued their unrelenting November rally on growing speculation the Federal Reserve is done with interest rate hikes and will

The two-year Treasury, or the instrument most sensitive to monetary policy, sold off following the release of weekly jobless claims which declined by the greatest amount since June thus suggesting employers are still holding onto workers in a

According to Bloomberg over $6 trillion in market capitalization has been added the S & P 500 in 2023, an advance primarily focused in

The markets are suggesting a 30% chance the overnight rate will be lowered by 0.25% in March.  Is this realistic or

According to Bloomberg, in three weeks, the NASDAQ 100 has made an abrupt U-turn that went from correction territory to a 15-month high, adding roughly

Will this week’s inflation data validate rising inflation expectations as measured by the University of Michigan Sentiment Index?

Will the seventh time be the charm?  According to Deutsch Bank this is at least the seventh time in this hiking cycle that markets have reacted notably in response to

Equities were essentially unchanged yesterday following its best week of 2023.  A reversal of the moves in Treasuries weighed on stocks with 10-year Treasury yields rising about

JP Morgan’s Jamie Dimon stated the other day that central banks got financial forecasting “100% dead wrong” about 18 months ago. Most, including the Federal Reserve, thought the economy would be near or in a recession by