A Nominal Reversal From Recent Gains
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
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
Alphabet and Microsoft report earnings today after the close. Meta’s results are due tomorrow and Amazon’s on Thursday.
The S & P 500 is broaching the pivotal 200 day moving average. Oil prices are at the highest levels in over a year. The VIX or the fear index is at levels last experienced in March. Long dated Treasuries are hovering around yields last experienced 16
Considerable attention has been focused upon the carnage in the Treasury market. The implosion in the $10 trillion corporate bond market is perhaps
Will geopolitical issues become the predominant market narrative? Until Friday the Middle East was only a conversation having limited market impact. War is perhaps the most unquantified event of
The PPI rose more than forecast in September, bolstered by higher energy and food costs that continue to wrinkle the path toward sustainably lower inflation. The data suggests the economy still has not seen the
Equities rose and Treasury yields fell after comments from Fed officials bolstered speculation the central bank is heading toward another pause in interest rate hikes. Oil edged lower, following its
Wow! September’s jobs data was extremely strong. August’s data was revised considerably higher. The statistics blew past all estimates by a wide margin as employers added 336,000 jobs in
The number of available positions increased to 9.61 million from an upward revised 8.92 million in July according to the Job Opening and Labor Turnover Survey (JOLTS). The level of openings topped all estimates in