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My view on what's going on in the financial markets and the global economy, and a few other things that might interest me from time to time.

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Week ended May 9, 2025: Trump says "buy stocks" (again)
Markets continued to stabilise this week, at least as far as risk assets including global equities and BTC. Other assets moved sideways.

tim@emorningcoffee.com
May 86 min read
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Week ended May 2, 2025: Risk is back on!
Markets are at last returning to some sense of normalcy, with the S&P 500 now clawing back all of its losses since the infamous...

tim@emorningcoffee.com
May 36 min read
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Week ended April 25, 2025: earnings, whining and wining
This is the early edition of the weekly, covering earnings (TSLA and GOOG), Trump capitulation (again) and 2024 en primeur Bordeaux campaign

tim@emorningcoffee.com
Apr 258 min read
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Week ended April 18, 2025
There will be no "Fed put" according to Mr Powell, which rattled markets and evoked a response from Mr Trump. US equities slumped again.

tim@emorningcoffee.com
Apr 195 min read
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Week ended April 11, 2025: Bonds speak the truth
We're up, we're down, we're all around! US stocks remain volatile but ended higher. Bonds are the "adult in the room" though.

tim@emorningcoffee.com
Apr 126 min read
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Week ended April 4, 2025: stocks hammered following Trump tariff announcement
The announcement of tariffs by President Trump on Weds made a nervous market completely puke, with stocks getting hammered.

tim@emorningcoffee.com
Apr 55 min read
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First quarter 2025 review of markets
The 1Q2025 is in the bag, not an easy quarter. US stocks performed poorly, but gold and European stocks did well. Treasuries also did ok.

tim@emorningcoffee.com
Mar 312 min read
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Week ended March 28, 2025: risk markets falter after more tariffs
Mr Trump's announcement of 25% auto tariffs followed by others in the queue sent stocks spiralling down, and haven assets like gold higher.

tim@emorningcoffee.com
Mar 286 min read
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Week ended March 21, 2025: US stocks eke out gains
Most focus this week was on the FOMC decision, which was initially viewed as slightly dovish before reality sat in. Markets were mixed.

tim@emorningcoffee.com
Mar 225 min read
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