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As largely expected the Fed left interest rates unchanged and signaled it would keep them on hold through 2020 amid a solid economy. The vote was unanimous, the first since May. ...

Wow! The jobs data was a complete blow out. November’s payrolls climbed the most since January. October’s statistics were revised higher. The increase in wages is now at a cycle high. Yes the labor participation rate did decrease by 0.1%...

Stocks edged lower as all weighed the chances that the US will scrap a tariff hike on Chinese goods scheduled for December 15. Treasuries also dropped in price as jobless claims fell to a seven month low. ...

Equities advanced and bonds fell on speculation the US and China will reach a deal that avoids tariffs due to take hold in 11 days. The advance/decline almost reverses the prior day gyration. ...

Last year at this juncture the 10-year was yielding around 3.25% and consensus was expecting the 10-year Treasury to broach 4% sometime in 2019 as the Fed continued with its anticipated tightening cycle of an additional 50-75 basis points. In reality the 10-year fell ...

We are in unique times. Bloomberg writes a rare event happened last week, occurring only 18 times in the last 23 years. That works out to 0.08% of the time. The advance minus decline line exceeded negative 800 meaning there were more...

2019 has not unfolded as anyone had expected. One year ago consensus predicted at least two more interest rate increases, a 10-year yielding around 3.50%, and markets generally flat to down. ...