tim@emorningcoffee.comFeb 36 minWeek ended Feb 2, 2024: Earnings, Fed and US jobsLast week dominated by five "Mag 7" companies that reported earnings (mixed bag), Fed and BoE monetary policy meetings, and economic data.
tim@emorningcoffee.comSep 2, 20234 minWeek ended Sept 1, 2023: Good enoughThe 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.comJan 7, 20233 minUS labour report stokes late-week rally (weekly update)US markets started the year poorly, but a balanced NFP report for Dec, released Friday, cheered investors. European equities even stronger.
tim@emorningcoffee.comDec 3, 20225 minWEEKLY: Didn't see that coming!The good news is that Nov was a terrific and positive month for stocks and bonds. The bad news is inflation won't go away. Read on....
tim@emorningcoffee.comJul 10, 20226 minWeek ended July 8th, 2022US jobs report over-rode concerns re resignation of UK PM Johnson and assassination of former Japanese PM Abe. Bonds tank, equities rally.
tim@emorningcoffee.comJun 4, 20226 minWeek ended June 3rd, 2022Remember that 6%+ increase in US stocks just one week ago? Forget it – we are back to normal as both equities and bond prices move lower.
tim@emorningcoffee.comApr 3, 20228 minWeek ended April 1st 2022Oil settles, inflation rages, Ukraine-Russia war drags on. The result? Equities rally, Treasuries get hammered. The yield curve inverts.
tim@emorningcoffee.comMay 26, 202110 minInflation: Transient or Persistent, Lessons from the 1970sThis is about inflation - will it prove to be transitory (Fed's view) or persistent? I feel the former, but fear the medicine it will take