Market Overview

The highly anticipated April CPI report comes out on Wednesday morning with the S&P 500 trading just below its all-time high. Headline annual inflation is seen rising 3.4% and core CPI is...

It was a volatile trading session, with stocks having some big swings to start the day following the PPI and then moving higher late in the day. The IV levels for shorted dated rose today, while...

US consumer inflation data was surprisingly firm in March, raising the stakes for tomorrow’s April report (Wed., May 15). Another round of disappointing numbers would arguably confirm that the recent...

While there is much debate over whether another bear market is imminent, weekly moving average crossovers suggest a different outcome for now. There are many current concerns, from geopolitical risk...

Stocks traded mostly flat yesterday as investors geared up for a hectic week of economic data. The PPI report will be released soon, followed by the CPI report on Wednesday and retail sales on...

As an advocate of sound fiscal policy and a strong believer in the power of free markets, I find Argentina's recent economic overhaul under President Javier Milei not just refreshing but essential in...

Stocks closed flattish on Friday after a weaker-than-expected University of Michigan report showed that consumer confidence plunged and inflation expectations rose.The report caused a rather sharp...

When the yield curve flattens and eventually inverts, you worry.But it’s when a recession hits, the Fed cuts rates and the curve steepens that you become s**t scared. Yield curve dynamics...

Investors are gearing up for what is expected to be an eventful week ahead. CPI inflation and retail sales data will be in focus. In addition, Home Depot and Walmart report quarterly earnings. Looking...

There are many ways to monitor recession risk, but any one indicator in isolation is flawed. Context in the form of reviewing a wide variety of metrics is essential for minimizing noise. But in the...

Housing is among the most interest-rate sensitive sectors of the economy. It’s also one of the most cyclical and crucial inputs for the business cycle. On that basis, one could reasonably expect...

April was a rough month for investors, but the rebound in asset prices in the early days of May has revived expectations that the worst has passed. A key catalyst for the turnaround in sentiment:...

It was a volatile week of trading heavily influenced by hedging flows, as noted by sharp rises and declines in implied volatility measures such as the VIX. This makes grasping the underlying message...

Last week was big for macro and markets.Today’s piece is going to cover: The Fed’s dovish announcement: a sizeable tapering of their Quantitative Tightening program; A potential upcoming...