tim@emorningcoffee.com2 days ago6 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.comDec 28 minWeek 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.comNov 46 minWeek ended Nov 3, 2023: stocks and bonds rally hardStocks 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.comJul 16 minWeek ended June 30, 2023: Equity markets on fire!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.comJun 187 minWeek ended June 16, 2023: Risk-rally broadeningFed pauses, ECB races ahead, BoJ stays loose; BoE poised to raise rates again this week. Dollar slumps, global equities power ahead,
tim@emorningcoffee.comJun 105 minWeek ended June 9, 2023: Canadian hazeMarkets were not overly inspiring this week even as volatility continued to decline. Japanese and small-cap US stocks were the big winners.
tim@emorningcoffee.comMar 17, 20228 minWill the US dollar remain the global reserve currency?It is fashionable to espouse the end of the US dollar as the leading global reserve currency, but this will not occur anytime soon.
tim@emorningcoffee.comNov 23, 20214 minFOMO, TINA, YOLO and the FedDon't look to fundamentals to explain equity prices today – look to attitudes embedded in acronyms. And don't forget the super-easy Fed!
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?