Inflation is tame, stocks rumble higher
Last week saw U.S. equity markets trade higher, with all three major indices gaining ground. Leadership was once again provided by Apple, which gained 2.7%. Google also rose 3.5% last […]
Employment
Don’t blink now, potentially wild week ahead
Without question the headline economic news of this week and last week, and the news that will continue to resonate into year-end for investors, was the November Employment Report. It […]
“The Powell Put is in Place”
Last week’s .25 bps Fed rate cut, stronger than expected Q3 GDP(a) reading, better than expected October Employment Report, and revisions to August and September’s Employment Reports propelled US equity […]
September 11 remembered
Last year, at this time, markets were on the precipice of a meltdown that lasted into year-end, 2018. December 24, to be exact. Fueling the dramatic shift to risk aversion […]
Only Fools
Last week’s equity market trading was dominated by trade/tariffs, economic data, and the Fed. The trade/tariffs narrative was arguably the most significant of the three in that it bled so […]
On your mark, get set, go?
Last week’s continuation of the US equity market reversal that has defined our post-Christmas rally has been most recently fueled by the shift in monetary policy outlook and guidance by […]
December’s Employment Report and Powell’s “patience” thread the needle
US equity futures trade higher in the overnight. Last Friday was a significant day for markets for obvious reasons (a monthly gain of +312K in the employment report), but also […]
Quarter end, manufacturing and the Fed dominate this week’s trading
This week’s economic calendar will be dominated by the FOMC meeting announcement, forecasts, and press conference on Wednesday. Nearly unanimously, strategists are expecting the FOMC to raise rates by .25 […]
Investors focus on economic data and look past trade tariffs – for the time being
Friday’s constructive equity market performance was triggered primarily by a significantly stronger-than-expected June Employment Report. Non-farm payrolls came in at +213K versus Econoday consensus that was calling for +190K. May’s […]
The first half of the year wraps this week with trade storm clouds on the horizon
Last week’s OPEC meeting provided for some interesting trading in energy markets, particularly on Friday. The production deal signed off on by OPEC on Friday allows for a nominal boost […]