tim@emorningcoffee.comApr 134 minWeek ended April 12, 2024: "hot" US CPI data wrecks marketsUS CPI data released Weds morning was the culprit, wrecking sentiment in equities and sending yields soaring. Gold and the Dollar stronger.
tim@emorningcoffee.comMar 226 minWeek 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.comMar 155 minWeek ended March 15, 2024: most assets falterHotter-than-expected US inflation data clobbered the bond market, and after digestion, also rattled US equities. Credit was better (again).
tim@emorningcoffee.comFeb 36 minWeek ended Feb 2, 2024: Earnings, Fed and US jobsLast week dominated by five "Mag 7" companies that reported earnings (mixed bag), Fed and BoE monetary policy meetings, and economic data.
tim@emorningcoffee.comDec 23, 20235 minWeek ended Dec 22, 2023: Mixed data, markets continue rallyEconomic 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.comDec 16, 20237 minWeek 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.comDec 9, 20236 minWeek ended Dec 8, 2023: eyes on central bank policy meetingsIt 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.comMay 25, 20229 minFOREXFOREX is in the news, especially as many think the USD has reached its peak and is at an inflection point. What drives FOREX? Read on.
tim@emorningcoffee.comOct 20, 20215 minIs the bond market doing the Fed's dirty work?The bond market looks to be doing the Fed's dirty work, sending short term yields to post-pandemic highs. Is the Fed being too methodical?