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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.

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

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

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

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

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

It's fair to say that disappointing results from Netflix and Tesla stopped the market in its tracks, although UK CPI was better.

tim@emorningcoffee.com

Jul 22, 20234 min read

US jobs data was sufficiently solid, largely as expected, that it wrecked the recent rally in stocks. UST yields were sent higher, too.

tim@emorningcoffee.com

Jul 8, 20235 min read

It was a scorching end to a fantastic first half of 2023, if you are long equities. Less so perhaps if you are long bonds. And Apple!!

tim@emorningcoffee.com

Jul 1, 20236 min read

Central banks, one after another, are raising rates to try to tame persistent inflation, but it's not working fast enough. Equities tanked.

tim@emorningcoffee.com

Jun 24, 20235 min read

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