tim@emorningcoffee.comJan 7, 20233 minUS labour report stokes late-week rally (weekly update)US markets started the year poorly, but a balanced NFP report for Dec, released Friday, cheered investors. European equities even stronger.
tim@emorningcoffee.comDec 24, 20222 minWEEKLY: Worse than expected on declining volumesMarkets generally worse than expected on declining volumes, as we head to the holiday break. BoJ shocked markets, US PCE in-line.
tim@emorningcoffee.comDec 18, 20226 minWEEKLY: Actions speak louder than wordsThe Fed, ECB and BoE all did exactly as predicted, but comments following press releases were decidedly hawkish. Markets puked on this.
tim@emorningcoffee.comDec 10, 20225 minWEEKLY: Big week ahead, CPI and central bank meetingsMixed week, sentiment shifters driving momentum markets. US economy continuing to show resiliency, muting the Fed's fight against inflation
tim@emorningcoffee.comDec 3, 20225 minWEEKLY: Didn't see that coming!The good news is that Nov was a terrific and positive month for stocks and bonds. The bad news is inflation won't go away. Read on....
tim@emorningcoffee.comNov 26, 20224 minWEEKLY: Risk markets grind higherStocks and bonds are much better on the week, continuing a nice run in the 4Q22. The rally is broadening and orderly. Too much, too fast?
tim@emorningcoffee.comNov 19, 20226 minWEEKLY: Fed “talking heads” pour cold water on rallyThe week could have been worse thanks to the talking heads from the Fed, but Friday saved the day. Yield curve steepens, oil prices plummet
tim@emorningcoffee.comNov 12, 20226 minWEEKLY: US CPI and midterms push markets higherFTX goes bust, US CPI suggests possible Fed pivot, and US midterms lead to the end of Dem progressive legislation. Equities & bonds rally.
tim@emorningcoffee.comNov 5, 20227 minWEEKLY: Fed, BoE raise rates; US equities / bonds take it on the chinUS equities and bonds get crushed, other global equity markets improve. USTs weaker, gold rallies, oil up and USD lower. Fed, BoE raise.