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.comSep 10, 20234 minWeek ended Sept 8 2023: stocks and bonds sag (again)Stocks and bonds sagged again this week, as overall sentiment remains fragile. Apple and corporate bond supply might have been culprits too
tim@emorningcoffee.comAug 12, 20235 minWeek ended August 11, 2023: rather boringDullsville although markets did gyrate a bit, with equities and bonds lower, the USD, credit and oil better. US inflation bang on.
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 22, 20234 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 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.comJun 24, 20235 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.comJun 18, 20237 minWeek ended June 16, 2023: Risk-rally broadeningFed pauses, ECB races ahead, BoJ stays loose; BoE poised to raise rates again this week. Dollar slumps, global equities power ahead,
tim@emorningcoffee.comJun 3, 20234 minWeek ended June 2, 2023Debt ceiling done as attention turns to the Fed's next move. US jobs data continues to suggest resiliency, and equities are liking it.