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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 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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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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