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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.

Week ended Jan 19, 2024: S&P 500 closes at record high

The S&P 500 closed at a record high. European and EM stocks slumped. USTs also got hammered. Davos and economic data drove sentiment.

tim@emorningcoffee.com

Jan 20, 20244 min read

Last 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.com

Jan 13, 20244 min read

We ended the year very much along the themes that drove 4Q23. Equities and government bonds were better bid across the board. 2024??

tim@emorningcoffee.com

Dec 30, 20233 min read

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.com

Dec 2, 20238 min read

Although the advance in equities slowed, it certainly did not stop even as yields pushed higher off of better-than-expected PMI data.

tim@emorningcoffee.com

Nov 25, 20235 min read

US 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.com

Nov 12, 20236 min read

Stocks 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.com

Nov 4, 20236 min read

Yields spiked this week, one of several factors leading to a decisive risk-off feeling as equities tanked and gold roared forward.

tim@emorningcoffee.com

Oct 21, 20235 min read

A 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.com

Oct 14, 20233 min read

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