tim@emorningcoffee.comDec 30, 20233 minWeek ended Dec 29, 2023: end of year (short) editionWe ended the year very much along the themes that drove 4Q23. Equities and government bonds were better bid across the board. 2024??
tim@emorningcoffee.comSep 30, 20237 minWeek ended Sept 29, 2023 (end of 3Q)Dismal end to a dismal quarter, with stocks down and bonds getting hammered. US govt shutdown, US housing market and UST market worries.
tim@emorningcoffee.comAug 6, 20234 minWeek ended Aug 4, 2023: It's August![GO STRAIGHT TO THE TABLES] We’re now into August, a normally lower-volume month, and often not the best month for equities. The table...
tim@emorningcoffee.comAug 2, 20234 minWrong (so far)....but the Street has been, tooSeven months into the year, many of my Y/E forecasts for indices and other assets look like they will be wrong. I am in good company!
tim@emorningcoffee.comJul 29, 20234 minWeek ended July 28, 2023: Looking good! Bonds were battered again, but not global equities which took off like rockets. Earnings good, economic data good, etc – what's not to like
tim@emorningcoffee.comJul 8, 20235 minWeek ended July 7, 2022: US jobs solid, equities and bonds drift lowerUS jobs data was sufficiently solid, largely as expected, that it wrecked the recent rally in stocks. UST yields were sent higher, too.
tim@emorningcoffee.comJul 1, 20236 minWeek ended June 30, 2023: Equity markets on fire!It was a scorching end to a fantastic first half of 2023, if you are long equities. Less so perhaps if you are long bonds. And Apple!!
tim@emorningcoffee.comAug 23, 20226 minThe Federal Reserve's balance sheetThe Federal Reserve is in the early stages of reducing its balance sheet, or quantitative tightening ("QT").
tim@emorningcoffee.comOct 20, 20215 minIs 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?