tim@emorningcoffee.comApr 66 minWeek ended April 5, 2024: equities and bonds declineStocks and bonds declined last week, although stocks ended the week on a positive note after a strong US jobs report. Gold and oil higher.
tim@emorningcoffee.comMar 226 minWeek 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.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.comJun 24, 20235 minWeek ended June 23, 2023: BoE jumbo rate increaseCentral banks, one after another, are raising rates to try to tame persistent inflation, but it's not working fast enough. Equities tanked.
tim@emorningcoffee.comJun 18, 20237 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.comMar 11, 20234 minWEEKLY: Regulatory takeover of SIVB steals the showIn a week full of economic data and news, the take-over of Silicon Valley Bank by the FDIC spurred a risk-off attitude, with USTs gaining.
tim@emorningcoffee.comMar 4, 20234 minWEEKLY: Much ado about nothingEarnings season ended and data was sparse. Equities rallied, gaining in the US for the first time in 4 weeks. Bond yields rose.
tim@emorningcoffee.comFeb 11, 20234 minWEEKLY: Fed walks back risk marketsFed-speak undid the bond market as yields rose 20bps across the curve. NASDAQ paid the price. Oil sharply high, USD stable. FTSE 100 up.
tim@emorningcoffee.comDec 18, 20226 minWEEKLY: Actions speak louder than wordsThe Fed, ECB and BoE all did exactly as predicted, but comments following press releases were decidedly hawkish. Markets puked on this.