Market Commentary

Daily reports from our Chief Economic Strategist.

YET ANOTHER UGLY DAY
It is getting really ugly. Bloomberg writes technology and mega capitalized issues are falling at the fastest pace since the
PPI AT 8:30
Consumer prices rose more than forecast in April. The core CPI which excludes food and energy increased 0.6% from a month earlier and
CPI AT 8:30
Markets were bifurcated in very volatile trading. The tech heavy NASDAQ 100 outperformed yesterday. Bloomberg writes over 50% of the
A REALLY UGLY DAY
Did yesterday kill the buy on dip mentality? Wednesday markets soared by the greatest amount since May 2020. Yesterday equities plunged by
THE OUTCOME OF THE FED MEETING IS LARGELY AS EXPECTED
As widely expected, the Federal Reserve raised interest rates by the steepest increment since 2000 and decided to start
FIRST QUARTER GDP AT 8:30
Initial estimates of first quarter GDP is released at 8:30. Consensus is expecting a 1.0% annual growth rate, personal consumption to
ANOTHER UGLY DAY
Covid in China, war in Europe and changing perceptions about the invincibility and massive ownership of Big Tech companies are
A VOLATILE DAY
The NASDAQ stabilized after last week’s brutal NFLX and interest rate inspired selloff. As noted, this is a very busy week as over
WILL THE CARNAGE CONTINUE IN THE SHORT END OF THE TREASURY MARKET
The realization that the Fed is considerably behind the curve has hit the markets hard. The two-year Treasury is now yielding
ANOTHER UGLY DAY IN THE BOND MARKET
Will the carnage in the bond market become a major narrative? TLT or the largest ETF focused on long dated Treasuries defined as
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