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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 Jan 31, 2025: earnings and central bank decisions dominate
The week started and ended poorly for US stocks, delivering losses for the week. European stocks have been the best performers YtD.
tim@emorningcoffee.com
Feb 1, 20255 min read
DeepSeek, ASML earnings, Mag 7 earnings and FOMC decision
DeepSeek wrecks outlook for AI companies; Mag 7 companies MSFT, META, TSLA and AAPL report earnings; FOMC expected to hold rates
tim@emorningcoffee.com
Jan 29, 20253 min read
Week ended Jan 24, 2025: Mr Trump's first week in office
US markets responded favourably to new President Donald Trump’s first week in office, with bond yields holding steady and stock indices...
tim@emorningcoffee.com
Jan 25, 20254 min read
Portfolio update: 4Q2024 and full year
This article contains an update of my 2024 portfolio performance. My returns were decent but not as good as they should have been.
tim@emorningcoffee.com
Jan 22, 20257 min read
Week ended Jan 17, 2025: markets recover
Global equities staged a nice rally last week, and government bond yields fell in the US and UK. Oil, gold and Bitcoin were all higher.
tim@emorningcoffee.com
Jan 18, 20252 min read
Week ended Jan 10, 2025: markets under pressure
Stock and bond markets felt fragile all week. The US Dec jobs report caused investments to gap down in price to end a difficult week.
tim@emorningcoffee.com
Jan 11, 20255 min read
Week ended Jan 3, 2025
We start 2025 with a mixed picture, not surprising in that the new year consisted of a holiday week. Friday was better in US stocks.
tim@emorningcoffee.com
Jan 5, 20252 min read
Week ended Dec 27, 2024: more of the same
It was a relatively quiet week with holidays right in the middle of the week for many countries. Equities were better, yields were higher.
tim@emorningcoffee.com
Dec 28, 20242 min read
Week ended Dec 20, 2024: FOMC projections send markets lower
Confident that another stellar year for U.S. stocks was coming to a close, investors were jolted from their complacency when the Federal...
tim@emorningcoffee.com
Dec 21, 20245 min read
Week ended Dec 13, 2024: markets slightly weaker
Bond yields ticked up after an in-line Nov CPI report, reminding investors the inflation battle is not over. Stocks were weaker.,
tim@emorningcoffee.com
Dec 14, 20246 min read
Week ended Dec 6, 2024: risk markets and USTs better, Bitcoin soars to record
Stocks reached more record highs in the US, but Asian and European stocks outperformed. UST yields slightly lower. Bitcoin soars to record
tim@emorningcoffee.com
Dec 7, 20247 min read
Week ended Nov 29, 2024: US stocks and bonds soar
US stocks and bonds soar. Yields were lower across the maturity curve. Gold, the US Dollar and oil fell, and the Yen strengthened.
tim@emorningcoffee.com
Nov 30, 20243 min read
Week ended Nov 22, 2024: NVDA earnings, US retailers
Equities were better in the US and Europe. UST yields were marginally changed. Gold and Bitcoin soared to record highs. The Dollar was up
tim@emorningcoffee.com
Nov 23, 20246 min read
Week ended Nov 15th 2024: The "Trump Bump" fades
But Trump is “not against trade — he thinks a lot of these things have been unfair against America, and there are examples where that’s...
tim@emorningcoffee.com
Nov 16, 20246 min read
Week ended Nov 8, 2024: Markets adapt to president-elect Trump
Last week was mainly about the US election, which D Trump and the Republicans won in a landslide. The "Trump trade" was full on.
tim@emorningcoffee.com
Nov 9, 20249 min read
Week ended Nov 1, 2024: UK autumn budget, earnings, economic data
UK autumn budget, earnings galore (including five "Mag 7" companies), and gobs of economic data...just as we lead into the US election!!
tim@emorningcoffee.com
Nov 2, 20247 min read
Week ended Oct 25, 2024: yields push higher
Both equity and bond markets lost ground last week, although Chinese stocks were positive as well the NASDAQ following TSLA earnings.
tim@emorningcoffee.com
Oct 26, 20245 min read
Week ended October 18, 2024: more records
US stocks and gold hit more record highs. S&P 500 earnings mixed: banks strong, chip companies mixed, luxury struggles.
tim@emorningcoffee.com
Oct 19, 20245 min read
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