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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 Nov 10, 2023
US 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.com
Nov 12, 20236 min read
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Week ended Nov 3, 2023: stocks and bonds rally hard
Stocks 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.com
Nov 4, 20236 min read
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Week ended Oct 27, 2023: stocks sink
4 big tech names report beats, but investors dig deeper and didn't love everything they saw. General downdraft hammered equities anyhow,
tim@emorningcoffee.com
Oct 28, 20235 min read
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Week ended October 20, 2023: yields spike
Yields spiked this week, one of several factors leading to a decisive risk-off feeling as equities tanked and gold roared forward.
tim@emorningcoffee.com
Oct 21, 20235 min read
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Week ended October 13, 2023: reality of war sets in
A deferred reaction to war in the Middle East meant that equities rallied and bonds sold off in the first half of the week, but then......
tim@emorningcoffee.com
Oct 14, 20233 min read
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Week ended Oct 6, 2023: markets remain fragile
Markets feeling increasingly fragile as UST yields head higher and equities bounce around. Uncertainty and risks abound. Not feelin' it!
tim@emorningcoffee.com
Oct 7, 20237 min read
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Week ended Sept 29, 2023 (end of 3Q)
Dismal end to a dismal quarter, with stocks down and bonds getting hammered. US govt shutdown, US housing market and UST market worries.
tim@emorningcoffee.com
Sep 30, 20237 min read
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Week ended Sept 22, 2023: Central bank trifecta, recent IPOs
The central bank trifecta this week unfolded largely as expected. US bonds and equities puked on the Fed's "higher for longer".
tim@emorningcoffee.com
Sep 23, 20236 min read
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Week ended Sept 15, 2023: ARM IPO, ECB rate hike, US inflation
The ARM IPO (fair price), the ECB rate decision ("dovish increase") and US CPI are were relatively neutral to supportive this week.
tim@emorningcoffee.com
Sep 16, 20234 min read
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Week ended Sept 8 2023: stocks and bonds sag (again)
Stocks and bonds sagged again this week, as overall sentiment remains fragile. Apple and corporate bond supply might have been culprits too
tim@emorningcoffee.com
Sep 10, 20234 min read
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Week ended Sept 1, 2023: Good enough
The perfect storm of economic news cheered bond and stock investors, with asset prices rising across the board in the US. RoW less clear.
tim@emorningcoffee.com
Sep 2, 20234 min read
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Week ended Aug 25th 2023: Nvidia, Jackson Hole and real interest rates
Rather uneventful week in markets although equities generally better and yields a touch wider. Focus was on Jackson Hole, NVDA and rates.
tim@emorningcoffee.com
Aug 26, 20236 min read
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Week ended August 18, 2023: China and USTs steal thunder
This week was quiet although the slow drift lower for equities and bonds continued. China's economy and higher UST yields were the focus.
tim@emorningcoffee.com
Aug 20, 20235 min read
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Week ended August 11, 2023: rather boring
Dullsville although markets did gyrate a bit, with equities and bonds lower, the USD, credit and oil better. US inflation bang on.
tim@emorningcoffee.com
Aug 12, 20235 min read
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Week ended Aug 4, 2023: It's August!
[GO STRAIGHT TO THE TABLES] We’re now into August, a normally lower-volume month, and often not the best month for equities. The table...
tim@emorningcoffee.com
Aug 6, 20234 min read
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Week ended July 28, 2023: Looking good!
Bonds were battered again, but not global equities which took off like rockets. Earnings good, economic data good, etc – what's not to like
tim@emorningcoffee.com
Jul 29, 20234 min read
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Week ended July 21, 2023: TSLA and NFLX drive sentiment
It's fair to say that disappointing results from Netflix and Tesla stopped the market in its tracks, although UK CPI was better.
tim@emorningcoffee.com
Jul 22, 20234 min read
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Week ended July 14, 2023: Investors party!
Stock and bond investors party hard, with equities ripping and US Treasury yields dropping sharply. A benign June CPI report was key driver
tim@emorningcoffee.com
Jul 15, 20233 min read
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