March 21, 2023
Market Performance (YTD) Source: YCharts Disclaimer: Past performance is no guarantee of future performance The US 2Y treasury posted a 3-SIGMA MOVE, EACH DAY, SEVERAL TIMES IN A ROW. Statistical odds: Once every 50+ million years. This week's volatility predates... Read More →
March 15, 2023
Market Performance (YTD) Source: YCharts Disclaimer: Past performance is no guarantee of future performance Look at that policy path repricing! From the gray bars at the beginning of last week to the blue bars today (now a sub<5% terminal rate... Read More →
March 8, 2023
Market Performance (YTD) Source: YCharts Disclaimer: Past performance is no guarantee of future performance US 2y yields jump to almost 5% following hawkish Powell speech. Says ultimate rate peak likely to be higher than expected. pic.twitter.com/syiU86ZV3R — Holger Zschaepitz (@Schuldensuehner)... Read More →
February 22, 2023
Market Performance (YTD) Source: YCharts Disclaimer: Past performance is no guarantee of future performance "Recession odds peaked in Nov'22 at 77% and have since declined to 24% this month (down 27ppt MoM), lowest since Jun'22." – BofA Global Fund Manager... Read More →
February 8, 2023
Market Performance (YTD) Source: YCharts Disclaimer: Past performance is no guarantee of future performance Top takeaways from January jobs report: 1) Job market is strong (better than thought!) +517,000 in January and up in 20222) Wage growth is slowing –>Fed... Read More →
January 31, 2023
Market Performance (YTD) Source: YCharts Disclaimer: Past performance is no guarantee of future performance Strong headline GDP: 2.9% (ar) in Q4. Led by consumption (+2.1%) but also more volatile factors like inventory investment, net exports and government spending. Residential investment... Read More →
January 24, 2023
Market Performance (YTD) Source: YCharts Disclaimer: Past performance is no guarantee of future performance US Produce Prices YoY w/Contributions: {ECAN<Go>} pic.twitter.com/QRsJBkUVVr — Michael McDonough (@M_McDonough) January 18, 2023 US Produce Prices MoM w/Contributions: {ECAN<Go>} pic.twitter.com/Vw0d6a4KgZ — Michael McDonough (@M_McDonough) January... Read More →
January 18, 2023
Market Performance (YTD) Source: YCharts Disclaimer: Past performance is no guarantee of future performance World Bank Cuts 2023 Forecasts and Warns of Global Recession https://t.co/1fFuyva5LH pic.twitter.com/gzCkrX0NAX — Gregory Daco (@GregDaco) January 10, 2023 Year-on-year CPI inflation in the US is... Read More →
December 28, 2022
Market Performance (YTD) Source: YCharts Disclaimer: Past performance is no guarantee of future performance #Stocks tend to bottom when leading economic indicators (LEI) bottom. The @Conferenceboard LEI -4.46% YoY in November, at the current trend they have 6 months before... Read More →
December 21, 2022
Market Performance (YTD) Source: YCharts Disclaimer: Past performance is no guarantee of future performance Key Fed Takeaways: – Fed slows rate increase, as expected– But emphasizes that it will do more to restrain the economy– Rates to 5.1% next year,... Read More →