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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 October 18, 2024: more records
US stocks and gold hit more record highs. S&P 500 earnings mixed: banks strong, chip companies mixed, luxury struggles.

tim@emorningcoffee.com
Oct 19, 20245 min read
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Week ended Oct 11, 2024: more record highs for US stocks
CPI slightly hotter than expected, and earnings off to a good start. Yields continue to back up, US stocks at record high close.

tim@emorningcoffee.com
Oct 12, 20245 min read
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Week ended October 4, 2024: soft landing in sight
Risk remains asymmetrical to the downside, but a robust US jobs report cheered risk investors on Friday and sent UST yields sharply higher.

tim@emorningcoffee.com
Oct 5, 20245 min read
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Week ended Sept 27, 2024: China delivers stimulus, PCE data in line
Chinese stimulus measures buoyed stocks globally, and US Treasuries were stable. Gold paused and oil fell. The Dollar was weaker.

tim@emorningcoffee.com
Sep 28, 20245 min read
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Week ended Sept 20, 2024: central bank decisions feature
Last week was mainly about a trifecta of central bank decisions, with most attention focused on the Fed. The Fed Funds rate was reduced .50%

tim@emorningcoffee.com
Sep 21, 20247 min read
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Week ended Sept 13, 2024: it was an "everything up" week
It was one of those weeks that if you didn't chalk up portfolio gains, it would be difficult to figure out why. Bonds and stocks rallied.

tim@emorningcoffee.com
Sep 14, 20246 min read
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Week ended Sept 6, 2024: sentiment deteriorates
US Labor Day holiday marked the unofficial end of summer, and also a demarcation for risk sentiment. Bonds rallied and stocks got hammered.

tim@emorningcoffee.com
Sep 7, 20246 min read
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Week ended August 30, 2024
Earnings and economic data (especially inflation data) continued to improve risk sentiment. The yield curve inversion ended. Dollar better

tim@emorningcoffee.com
Sep 1, 20246 min read
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Week ended August 23, 2024: Fed "pencils in" first rate reduction
A confluence of economic data, punctuated by a speech by Fed Chair Powell on Friday in Jackson Hole, suggests rate cuts are coming soon.

tim@emorningcoffee.com
Aug 24, 20243 min read
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