tim@emorningcoffee.comDec 23, 20235 minWeek ended Dec 22, 2023: Mixed data, markets continue rallyEconomic data remains mixed, but it is clear inflation is slowing in the US and Europe. Investors are all-in on a faster pivot, markets up.
tim@emorningcoffee.comDec 16, 20237 minWeek ended Dec 15, 2023: Fed serves up a cream puff The Fed breaks ranks for some reason and suggests a nearer-than-expected pivot which sent stocks and bonds soaring.
tim@emorningcoffee.comDec 9, 20236 minWeek ended Dec 8, 2023: eyes on central bank policy meetingsIt was a week of mixed economic news in the US, with a strong labor market clobbering the short end of the UST curve. Equities didn't care.
tim@emorningcoffee.comDec 2, 20238 minWeek ended Dec 1, 2023: all systems go (for now)There was enough sad news this week, but it certainly didn’t make a dent in sentiment as stocks and bonds continue to rally hard.
tim@emorningcoffee.comNov 25, 20235 minWeek ended Nov 24, 2023: equities grind higherAlthough the advance in equities slowed, it certainly did not stop even as yields pushed higher off of better-than-expected PMI data.
tim@emorningcoffee.comNov 18, 20238 minWeek ended Nov 17, 2023: stocks and bonds rallyStocks and bonds rallied hard this week, with stocks first getting a boost from better-than-expected earnings, and then by disinflation data
tim@emorningcoffee.comNov 12, 20236 minWeek ended Nov 10, 2023US stocks were stopped in their tracks by higher yields on Thurs (poor 30y UST auction), but resumed their upward trajectory the next day.
tim@emorningcoffee.comNov 4, 20236 minWeek ended Nov 3, 2023: stocks and bonds rally hardStocks and bonds were on fire this week, a rare occurrence recently. "Bad news is good news" resonated as data showed a slowing US economy
tim@emorningcoffee.comOct 28, 20235 minWeek ended Oct 27, 2023: stocks sink4 big tech names report beats, but investors dig deeper and didn't love everything they saw. General downdraft hammered equities anyhow,