Market Overview

July is expected to be an eventful month on Wall Street amid a plethora of key market-moving events. Investor focus will be fixated on the U.S. jobs report, CPI inflation data, and the Fed’s FOMC...

The Fed and economists are encouraged because CPI is down to 3.3% from a high of nearly 9% in 2022. Despite the Fed’s “significant progress” in lowering inflation, most citizens are outraged and...

From time to time, you will read that the Federal Reserve is trying to “thread the needle” on rates. That is, they don’t want to keep rates too high for too long, lest they sink the economy, nor...

There was a brief period earlier this year when US shares gave up the leadership crown to commodities, but American stocks have retaken the performance throne in June, based on a set of ETFs through...

Stocks finished Friday slightly lower as June OPEX passed. This week, we head into the quarter’s end, closing out the year’s first half. It should be a fairly uneventful week with little on the macro...

If the Bank of England’s decision on Thursday to leave interest rates unchanged is a guide, the outlook for the start date for a US rate cut may be further down the line than generally assumed. There...

By nearly any measure you cite, US equities are enjoying a stellar run. Despite numerous global risks, investor sentiment for American shares is resilient. The question, as always, is when is it...

We could see pressure building for additional monetary tightening in some APAC economies in the coming week. Meanwhile, North Asia (ex-China) delivers the monthly activity data dump which should show...

Core and Median inflation continue to decline. This is not really a surprise; since early 2023 the clear direction has been to lower inflation. The debate has not been about whether inflation was...

The latest consumer survey data from the New York Federal Reserve had interesting data. “The New York Fed’s latest consumer survey found that expectations that stocks will be higher in the next 12...

This will be a quiet week with very little data and a day off mid-week. The retail sales data will come on Tuesday; Tuesday will also be VIX Opex; Wednesday, the markets will be closed, and Friday...

Recently, James Grant, editor of the Interest Rate Observer, was asked about his outlook for interest rates. He sees interest rates moving in a cyclical pattern, potentially rising for another...

Stocks finished higher after the CPI report fell below analysts’ expectations and swap pricing. The CPI headline y/y and m/m missed swap pricing, something we haven’t seen frequently in recent...