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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 May 3, 2024
Earnings and economic data were all relatively to the liking of equity and bond investors alike, providing a boost for assets last week.

tim@emorningcoffee.com
May 4, 20245 min read
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Week 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.com
Mar 22, 20246 min read
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Week ended March 15, 2024: most assets falter
Hotter-than-expected US inflation data clobbered the bond market, and after digestion, also rattled US equities. Credit was better (again).

tim@emorningcoffee.com
Mar 15, 20245 min read
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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
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Week ended Dec 8, 2023: eyes on central bank policy meetings
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
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Week ended Nov 3, 2023: stocks and bonds rally hard
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
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Week ended Sept 22, 2023: Central bank trifecta, recent IPOs
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
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Week ended Sept 15, 2023: ARM IPO, ECB rate hike, US inflation
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
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Week ended June 16, 2023: Risk-rally broadening
Fed pauses, ECB races ahead, BoJ stays loose; BoE poised to raise rates again this week. Dollar slumps, global equities power ahead,

tim@emorningcoffee.com
Jun 18, 20237 min read
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