tim@emorningcoffee.comDec 30, 20233 minWeek ended Dec 29, 2023: end of year (short) editionWe ended the year very much along the themes that drove 4Q23. Equities and government bonds were better bid across the board. 2024??
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.comNov 4, 20236 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.comOct 7, 20237 minWeek ended Oct 6, 2023: markets remain fragileMarkets feeling increasingly fragile as UST yields head higher and equities bounce around. Uncertainty and risks abound. Not feelin' it!
tim@emorningcoffee.comSep 30, 20237 minWeek ended Sept 29, 2023 (end of 3Q)Dismal end to a dismal quarter, with stocks down and bonds getting hammered. US govt shutdown, US housing market and UST market worries.
tim@emorningcoffee.comSep 23, 20236 minWeek ended Sept 22, 2023: Central bank trifecta, recent IPOsThe central bank trifecta this week unfolded largely as expected. US bonds and equities puked on the Fed's "higher for longer".
tim@emorningcoffee.comAug 26, 20236 minWeek ended Aug 25th 2023: Nvidia, Jackson Hole and real interest ratesRather uneventful week in markets although equities generally better and yields a touch wider. Focus was on Jackson Hole, NVDA and rates.
tim@emorningcoffee.comJul 29, 20234 minWeek ended July 28, 2023: Looking good! Bonds were battered again, but not global equities which took off like rockets. Earnings good, economic data good, etc – what's not to like