Market Commentary

Led by the financials and technologies, equities advanced before today’s release of the Federal Reserve’s preferred measure of

Will the yield curve continue to steepen? The collapse in the yield of the two yield Treasury is breathtaking and based upon this data point, rate cuts in the coming months are

Equities, led by growth, staged a modest advance on the belief the overnight rate will be lower by 75-100 bps by year’s end.  During the past month, the NASDAQ has outperformed most other markets primarily because of this belief.  The question at hand will this belief turn into reality? Many times, there have been false … Read more

The FOMC voted unanimously to increase its target for the federal funds rate to a range of 4.75% to 5.0%, the highest since September 2007.  The Committee stated

Today is the commencement of the two-day FOMC meeting.   I have been in the industry for 3 ½ decades and this is the first time that I can remember a FOMC meeting that has had such a

Almost one year to the day after the Federal Reserve launched its biggest rate hiking campaign in decades, all are trying to guess the central bank’s next step as

Equities surged on reports, which later proved to be correct, that major banks are in talks to bolster First Republic Bank.  Short dated Treasuries fell in

At one time yesterday, the two-year Treasury—or the instrument most sensitive to monetary policy– was experiencing another 8 standard deviation move, the second such occurrence in

February’s jobs data is released at 8:30.   How close are analyst’s projections?  How much will January’s statistics be revised?  The current spate of volatility that has