tim@emorningcoffee.comJan 204 minWeek ended Jan 19, 2024: S&P 500 closes at record highThe S&P 500 closed at a record high. European and EM stocks slumped. USTs also got hammered. Davos and economic data drove sentiment.
tim@emorningcoffee.comDec 23, 20235 minWeek ended Dec 22, 2023: Mixed data, markets continue rallyEconomic data remains mixed, but it is clear inflation is slowing in the US and Europe. Investors are all-in on a faster pivot, markets up.
tim@emorningcoffee.comNov 25, 20235 minWeek ended Nov 24, 2023: equities grind higherAlthough the advance in equities slowed, it certainly did not stop even as yields pushed higher off of better-than-expected PMI data.
tim@emorningcoffee.comNov 18, 20238 minWeek ended Nov 17, 2023: stocks and bonds rallyStocks and bonds rallied hard this week, with stocks first getting a boost from better-than-expected earnings, and then by disinflation data
tim@emorningcoffee.comNov 12, 20236 minWeek ended Nov 10, 2023US stocks were stopped in their tracks by higher yields on Thurs (poor 30y UST auction), but resumed their upward trajectory the next day.
tim@emorningcoffee.comApr 15, 20234 minWeek ended April 14, 2023Bank earnings better-than-expected, inflation slowing Stateside. Investors mixed, with equities higher and bond prices lower. Credit stable
tim@emorningcoffee.comMar 18, 20235 minWeek ended March 17, 2023Bank concerns continue even as solutions were put forth for First Republic and CS. NASDAQ and Bitcoin rally, other markets signal risk off
tim@emorningcoffee.comFeb 18, 20234 minWEEKLY: US economy running hotThe combination of the Fed's ongoing rhetoric and strong economic data finally hits home, as US stocks falter, following the UST market.
tim@emorningcoffee.comJun 18, 20226 minWeek ended June 17, 2022It was a dismal week, with cash being nearly the only long asset that was worth owning. Equities, bonds, cryptos – even oil – got hammered.