Market Commentary

Are food costs, options that have zero day to expiration (ODTE) and NVDA earnings interconnected?

Nvidia announces earnings at the close today.  The “Magnificent Seven” are 2 and 4 for the reporting season, defined as two companies exceeded expectations while

The PPI rose more than expected, led by a sizeable jump in cost of services and highlighted the sticky nature of inflation.  Treasuries sold off across the curve.  Fed funds futures are

Will the structural imbalance of the S & P 500 become a major narrative.  There are six companies with over $1 trillion or more in market cap, two of which are worth more than

Markets were choppy following the largest equity selloff in a year and the retracement in Treasury yields back to November levels. 

The CPI topped forecasts, dashing hopes of a reduction in interest rates by May. June has been pushed to July.   As little as three weeks ago, the market was suggesting that

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