Market Commentary

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

Will this week be one of great significance? There are multitude of events occurring. A very crowded economic calendar. A Fed meeting. Several of the mega size tech companies post results including

The economy expanded at a 3.3% annualized rate during the fourth quarter, trouncing all estimates.  Economists had expected a 2.0% pace.   For the year, the economy expanded by

Mega sized companies are continuing to shake off the rocky start to the year amid conviction that the Federal Reserve will soon cut interest rates and the belief that the

According to wire services, this week there is expected to be $685 billion in gross Treasury issuance, a record.  The Treasury is entering into a

The lack of geopolitical premium in the market is daunting.  Many Davos participants have publicly commented about the continued deterioration of the geopolitical backdrop and

December’s CPI was greater than expected thus suggesting the road to a 2% inflation rate is bumpy and the last mile could be difficult.

Tomorrow December’s CPI is released.  Will it support the disinflationary thesis?  Rate cut bets have ramped up in the past month even as

Friday is the commencement of the fourth quarter earnings season.  Several bulge bracket financial firms will post results, and most will focus upon any increase in