Market Commentary

The risks that a political impasse will force the government to renege on its obligations keep rising with no negotiations or progress.  Worse, it appears both

Markets were rather uneventful yesterday. Will this soon change?  Both the Federal Reserve and the ECB will make monetary policy decisions and give signals as to

Tuesday commences a two-day FOMC meeting.  Consensus is expecting the Central Bank to increase the overnight rate by another 25 bps.  It is the post meeting statement that is

First quarter real GDP rose by 1.1%, lower than the consensus view of 2.0%.  The internals, however, presented an entirely different view.  Final sales to domestic purchasers, which take out

Today’s release of first quarter growth and tomorrow’s posting of the PCE or the Federal Reserve’s preferred measure of inflation are projected to

Last week equites were relatively subdued.  Will volatility increase this week given the multitude of high-profile technology companies reporting?  META, MSFT, AMZN and GOOG all

Equites fell and bonds rose after a surprise decline in a business outlook reading and some softening in the labor market.  The market also continued to

The change in Fed expectations is incredible.  Two weeks ago, the market was pricing in a chance of rate cuts as early as

Markets were relatively quiet as many European and Asian markets were closed in honor of Easter.  Bloomberg reported that volume was about

The Treasury market reversed course, with yields dropping, after softer jobs opening data bolstered speculation the Federal Reserve is approaching the end of its aggressive rate hiking