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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 24, 2023
Concerns about banking arguably subsided as the week wore on, with Fed and BoE rate decisions taking centre stage. Risk assets better bid.

tim@emorningcoffee.com
Mar 25, 20235 min read


WEEKLY: Much ado about nothing
Earnings season ended and data was sparse. Equities rallied, gaining in the US for the first time in 4 weeks. Bond yields rose.

tim@emorningcoffee.com
Mar 4, 20234 min read


WEEKLY: Risk assets head to the moon!
We are going "to the moon" across risk assets of all types. Can this continue? I'm not convinced but it's been a great start to 2023!

tim@emorningcoffee.com
Jan 28, 20234 min read


WEEKLY: News mixed, markets skid sideways
Markets largely slid sideways this week. Large tech companies continue layoffs. Economic data suggests peak inflation has been reached.

tim@emorningcoffee.com
Jan 21, 20235 min read


WEEKLY: Goldilocks CPI report spurs risk rally
A goldilocks CPI report for Dec cheered markets on Thurs. spurring further risk-on. Bank earnings had warnings on Friday that were ignored.

tim@emorningcoffee.com
Jan 14, 20236 min read


US labour report stokes late-week rally (weekly update)
US markets started the year poorly, but a balanced NFP report for Dec, released Friday, cheered investors. European equities even stronger.

tim@emorningcoffee.com
Jan 7, 20233 min read


WEEKLY: Actions speak louder than words
The Fed, ECB and BoE all did exactly as predicted, but comments following press releases were decidedly hawkish. Markets puked on this.

tim@emorningcoffee.com
Dec 18, 20226 min read


WEEKLY: Didn't see that coming!
The good news is that Nov was a terrific and positive month for stocks and bonds. The bad news is inflation won't go away. Read on....

tim@emorningcoffee.com
Dec 3, 20225 min read


WEEKLY: Fed “talking heads” pour cold water on rally
The week could have been worse thanks to the talking heads from the Fed, but Friday saved the day. Yield curve steepens, oil prices plummet

tim@emorningcoffee.com
Nov 19, 20226 min read
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