The NASDAQ was posting almost a 2% gain following an inflation report that largely met expectations. However, the gains were reversed following a mediocre $38 billion 10-year Treasury auction. Many had thought the ...
February’s jobs data surprised on the upside, reinforcing the view the economy is recovering faster than most had expected. As a result, the selloff in Treasuries is continuing, a selloff that is ...
Today the pivotal February employment report is released. In my view perhaps the most significant aspect of this very inclusive release is the average hourly earnings ...
Price stability and maximum employment is the dual but conflicting mandate of the Federal Reserve. Few market participants have experienced the ravages of inflation and the decimation that has occurred in the...
Federal Reserve Governor Lael Brainard reiterated yesterday well know known Federal Reserve talking points. She stated it will take “some time” to meet the conditions laid out by the Fed for reducing the pace of its massive asset purchases of ...
Rapidly rising interest rates are weighing upon the markets. There are many causes for this rise but perhaps the two widely accepted reasons are the incessant demand for monies by the government as...
The S & P 500 and NASDAQ were posting losses of 1.8% and 3.5% respectively before FRB Chair Powell’s reassuring remarks on inflation and growth. Powell indicated that the ...
The realization of higher interest rates was a major reason as to why tech stocks pulled back yesterday. Financials and energy however were higher on greater ...
Wow! A broad measure of input pricing—Markit PMIs--rose to an all time high. Typically, such is associated with either rising consumer prices or falling margins or ...
The 10-year Treasury is at the highest yield in a year. Many market luminaries have defended current lofty valuations—the highest since the records achieved during the ...