tim@emorningcoffee.comJul 294 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 224 minWeek ended July 21, 2023: TSLA and NFLX drive sentimentIt's fair to say that disappointing results from Netflix and Tesla stopped the market in its tracks, although UK CPI was better.
tim@emorningcoffee.comJul 153 minWeek ended July 14, 2023: Investors party!Stock and bond investors party hard, with equities ripping and US Treasury yields dropping sharply. A benign June CPI report was key driver
tim@emorningcoffee.comJul 85 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.comJun 245 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.comMay 65 minWeek ended May 5, 2023: Now what?Mixed data week but generally suggesting resilient US jobs market. Fed and ECB hike, Apple delivers the goods. Equities slightly weaker.
tim@emorningcoffee.comJan 53 minMy 2023 year-end guesses The Street pros provide year-end 2023 projections for stocks and bonds, so why not EMC? Here are my guesstimates and rationales.
tim@emorningcoffee.comDec 31, 20223 minWEEKLY: Damn glad that's over!It was a holiday shortened, rather lacklustre week in markets. Good that 2022 is over. FY returns were poor across equities and bonds.
tim@emorningcoffee.comFeb 24, 20227 minOil update: prices skyrocketWith oil approaching $100/bbl, it is hard to imagine that demand and supply were so out of line in April 2020 that oil prices went negative!