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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 October 20, 2023: yields spike
Yields spiked this week, one of several factors leading to a decisive risk-off feeling as equities tanked and gold roared forward.

tim@emorningcoffee.com
Oct 21, 20235 min read
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Week ended October 13, 2023: reality of war sets in
A deferred reaction to war in the Middle East meant that equities rallied and bonds sold off in the first half of the week, but then......

tim@emorningcoffee.com
Oct 14, 20233 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 Sept 1, 2023: Good enough
The perfect storm of economic news cheered bond and stock investors, with asset prices rising across the board in the US. RoW less clear.

tim@emorningcoffee.com
Sep 2, 20234 min read
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Week ended July 21, 2023: TSLA and NFLX drive sentiment
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
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Week ended July 7, 2022: US jobs solid, equities and bonds drift lower
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
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Week ended June 23, 2023: BoE jumbo rate increase
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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Week ended June 2, 2023
Debt ceiling done as attention turns to the Fed's next move. US jobs data continues to suggest resiliency, and equities are liking it.

tim@emorningcoffee.com
Jun 3, 20234 min read
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Week ended May 26, 2023: Feeling fragile
Debt ceiling drags on, Nvidia clobbers their earnings, and UK inflation rages. Still, equities power forward led by US tech and Japan.

tim@emorningcoffee.com
May 27, 20235 min read
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