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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 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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Week ended Dec 1, 2023: all systems go (for now)
There was enough sad news this week, but it certainly didn’t make a dent in sentiment as stocks and bonds continue to rally hard.

tim@emorningcoffee.com
Dec 2, 20238 min read
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Week ended Nov 24, 2023: equities grind higher
Although the advance in equities slowed, it certainly did not stop even as yields pushed higher off of better-than-expected PMI data.

tim@emorningcoffee.com
Nov 25, 20235 min read
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Week ended Nov 17, 2023: stocks and bonds rally
Stocks and bonds rallied hard this week, with stocks first getting a boost from better-than-expected earnings, and then by disinflation data

tim@emorningcoffee.com
Nov 18, 20238 min read
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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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