Market Overview

Regional bank heads rotate into FOMC voting positions next year Hawk-dove rankings in flux in volatile economic environment Inflation remains strong, but growth and employment still...

The return of left-wing Lula to Brazil's highest post completes a regional political pivot started in Mexico in 2018 Lula said his country, the world's third-largest food exporter is "not interested...

The market has been pricing in a relatively rapid pivot by the Fed after this week’s expected 75bps hike However, given the persistency in inflation and the Fed’s firm stance, I believe a...

Every time the short-term trend rises, traders believe rates will ease While some central banks began slowing rate hikes, the ECB persisted US data and Fedspeak suggest the Fed will persist as...

Fed rate hike, U.S. jobs report, more earnings in focus Devon Energy stock is a buy with strong Q3 earnings ahead Robinhood set to struggle amid shrinking revenue, fewer MAUs Stocks on Wall Street...

Roku has struggled in the face of worsening macroeconomic headwinds Stock is down 77.1% year-to-date and 89.3% below its July 2021 record high Shares are attractive after their big decline this...

Stocks rallied on Friday, despite being down sharply 30 minutes before the opening. A WSJ article noted that the Fed was going to discuss the pace of future rate hikes following another 75 bps rate...

Bond market behavior last week was somewhat disturbing as 10-year nominal rates shot past 4% and 10-year real rates got as high as 1.75% before pulling back a trifle. This was despite Fed speakers...

Apple, Microsoft, Alphabet, Amazon, Meta Platforms report next week FAAMG guidance updates likely dictate market’s direction through year-end With the S&P 500 and Nasdaq Composite...

Financial conditions have tightened over the past several weeks but have failed to reach restrictive levels, and that would suggest the Fed's job is far from over. The Chicago Fed National Financial...

Two defensive sectors had performed better than the broad equity market But recently endured significant selling pressure Important signals might be visible in sector rotation Washout in market...

Arabica coffee down 12% so far for Oct, the most since 13% drop in Sept 2020 Brazil has harvested too much and more beans could be coming ahead of La Nina $1.90 might be a support, otherwise low of...

UK shows fiscal malfeasance can be even worse than monetary policy mistakes Focus shifts to Fed as high U.S. CPI affirms strong rate hike Political vacuum limits initiatives as U.S. absorbed in...

Another week, another upside surprise on an inflation indicator. Core CPI reached a fresh y/y high for the move, marking at least the third time we’ve been expecting the peak to be in—and,...