tim@emorningcoffee.comJan 134 minWeek ended January 12, 2024: focus on Bitcoin ETFsLast week was about US inflation data and the approval of Bitcoin ETFs. CPI was slightly hot, and PPI was weak, sending yields lower.
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.comDec 2, 20238 minWeek ended Dec 1, 2023: all systems go (for now)There was enough sad news this week, but it certainly didn’t make a dent in sentiment as stocks and bonds continue to rally hard.
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 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.comNov 4, 20236 minWeek ended Nov 3, 2023: stocks and bonds rally hardStocks and bonds were on fire this week, a rare occurrence recently. "Bad news is good news" resonated as data showed a slowing US economy
tim@emorningcoffee.comOct 21, 20235 minWeek ended October 20, 2023: yields spikeYields spiked this week, one of several factors leading to a decisive risk-off feeling as equities tanked and gold roared forward.
tim@emorningcoffee.comOct 14, 20233 minWeek ended October 13, 2023: reality of war sets inA deferred reaction to war in the Middle East meant that equities rallied and bonds sold off in the first half of the week, but then......
tim@emorningcoffee.comOct 7, 20237 minWeek ended Oct 6, 2023: markets remain fragileMarkets feeling increasingly fragile as UST yields head higher and equities bounce around. Uncertainty and risks abound. Not feelin' it!