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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 April 11, 2025: Bonds speak the truth
We're up, we're down, we're all around! US stocks remain volatile but ended higher. Bonds are the "adult in the room" though.

tim@emorningcoffee.com
Apr 126 min read
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Week ended Mar 7, 2025: markets continue to spiral down
Tariffs followed by partial capitulation, a strategic crypto reserve, and further erosion in markets summed up another tumultuous week.

tim@emorningcoffee.com
Mar 75 min read
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Week ended Jan 17, 2025: markets recover
Global equities staged a nice rally last week, and government bond yields fell in the US and UK. Oil, gold and Bitcoin were all higher.

tim@emorningcoffee.com
Jan 182 min read
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Week ended Jan 10, 2025: markets under pressure
Stock and bond markets felt fragile all week. The US Dec jobs report caused investments to gap down in price to end a difficult week.

tim@emorningcoffee.com
Jan 115 min read
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Week ended Dec 20, 2024: FOMC projections send markets lower
Confident that another stellar year for U.S. stocks was coming to a close, investors were jolted from their complacency when the Federal...

tim@emorningcoffee.com
Dec 21, 20245 min read
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Week ended June 28, 2024: Geopolitics dominate, markets lacklustre
The news narrative was dominated by elections in the UK and France, and the first Biden-Trump debate. Markets were lacklustre to close 1H24

tim@emorningcoffee.com
Jun 30, 20245 min read
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Week ended June 14, 2024: US inflation slows
US CPI surprised on the downside (lower than expected) this week, setting a constructive tone. The FOMC says one rate cut, Europe wobbles.

tim@emorningcoffee.com
Jun 15, 20243 min read
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Week ended June 7, 2024: US jobs surprise
Stocks and bonds were better on the week in spite of a strong May jobs report released Friday morning. Gold and oil weaker, USD stronger.

tim@emorningcoffee.com
Jun 8, 20246 min read
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Is the bond market doing the Fed's dirty work?
The bond market looks to be doing the Fed's dirty work, sending short term yields to post-pandemic highs. Is the Fed being too methodical?

tim@emorningcoffee.com
Oct 20, 20215 min read
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