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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 April 5, 2024: equities and bonds decline
Stocks and bonds declined last week, although stocks ended the week on a positive note after a strong US jobs report. Gold and oil higher.
tim@emorningcoffee.com
Apr 6, 20246 min read
Week ended March 29, 2024: end of a strong first quarter
Markets ended the last week of the first quarter strongly. Many assets reached record highs in the 1Q24: US, Japanese and European equities
tim@emorningcoffee.com
Mar 30, 20244 min read
Week ended March 22, 2023: It's an "everything rally" (nearly)
It was an "everything rally" last week, with several equity markets touching record highs. US Treasuries also rallied. Thanks central banks
tim@emorningcoffee.com
Mar 22, 20246 min read
Week ended March 15, 2024: most assets falter
Hotter-than-expected US inflation data clobbered the bond market, and after digestion, also rattled US equities. Credit was better (again).
tim@emorningcoffee.com
Mar 15, 20245 min read
Week ended March 8, 2024: politics dominate landscape
Equities were mixed, UST yields were tighter across the curve. Politics garnered most attention this week, plus an ECB decision.
tim@emorningcoffee.com
Mar 8, 20247 min read
Week ended March 1, 2024
More of the same, as risk-on sentiment pushes US equity markets to record highs. Bitcoin is soaring, too. Economic data remains supportive
tim@emorningcoffee.com
Mar 1, 20247 min read
Week ended Feb 23, 2024: NVIDIA drives sentiment
It was a bifurcated week all about NVDA, which soared post-earnings, validating the AI narrative. European & Japanese equities hit records.
tim@emorningcoffee.com
Feb 24, 20244 min read
Week ended Feb 16th, 2024: economic data drives markets
US inflation for January was hot, pushing equities bond bonds lower. International equities performed better. UK and Japan in recession.
tim@emorningcoffee.com
Feb 17, 20245 min read
Week ended Feb 9th, 2024: S&P 500 closes above 5,000
Memes are dead I suppose, but not meme-like price performance. And yawn – the S&P 500 reaches ANOTHER record high while bonds get hammered.
tim@emorningcoffee.com
Feb 10, 20245 min read
Week ended Feb 2, 2024: Earnings, Fed and US jobs
Last week dominated by five "Mag 7" companies that reported earnings (mixed bag), Fed and BoE monetary policy meetings, and economic data.
tim@emorningcoffee.com
Feb 3, 20246 min read
Week ended Jan 26, 2024: US data, China, Tesla, central bank decisions
Lots of US economic data last week that pushed the S&P 500 to another record level. UST yields flattish. Chinese equities better. Read on
tim@emorningcoffee.com
Jan 27, 20243 min read
Week ended Jan 19, 2024: S&P 500 closes at record high
The S&P 500 closed at a record high. European and EM stocks slumped. USTs also got hammered. Davos and economic data drove sentiment.
tim@emorningcoffee.com
Jan 20, 20244 min read
Week ended January 12, 2024: focus on Bitcoin ETFs
Last week was about US inflation data and the approval of Bitcoin ETFs. CPI was slightly hot, and PPI was weak, sending yields lower.
tim@emorningcoffee.com
Jan 13, 20244 min read
Week ended Jan 5, 2024
Sloppy start to the new year in most traditional asset markets. Credit also weakened, and the USD strengthened. Off we go!
tim@emorningcoffee.com
Jan 7, 20243 min read
Week ended Dec 29, 2023: end of year (short) edition
We ended the year very much along the themes that drove 4Q23. Equities and government bonds were better bid across the board. 2024??
tim@emorningcoffee.com
Dec 30, 20233 min read
Week ended Dec 22, 2023: Mixed data, markets continue rally
Economic 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.com
Dec 23, 20235 min read
Week 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.com
Dec 16, 20237 min read
Week ended Dec 8, 2023: eyes on central bank policy meetings
It 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.com
Dec 9, 20236 min read
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