Michael Ashton's Comment & Analysis
A complete archive of Michael Ashton's articles, including current analysis & comment - Page 11
This article was written exclusively for Investing.comChairman Powell was again on the tape this week, speaking at an ECB Forum in Sintra, Portugal. It must be nice to have such a plump travel budget...
This article was written exclusively for Investing.comAs theater goes, the semiannual Monetary Policy Report to Congress (MPC) testimony is pretty thin gruel. But beggars can’t be choosers and,...
This article was written exclusively for Investing.comThe Federal Reserve delivered an aggressive rate hike last week, bumping up overnight rates by 75bps just a few weeks after Chairman Powell had...
Yesterday the Federal Reserve hiked rates 75bps, the biggest single-meeting increase since 1994. Two days ago, the markets had incorporated an expectation for 50bps.After a well-placed Wall Street...
This article was written exclusively for Investing.comAnd here, we all thought that CPI was at least at a local peak. The interbank market, prior to Friday’s report, was already trading forward...
This article was written exclusively for Investing.comOn Tuesday of last week, Treasury Secretary Janet Yellen confessed on CNN that “I didn’t fully understand” when she said last...
This article was written exclusively for Investing.comWe finally got some good news on inflation this past week. M2 money supply declined in April versus March, to the lowest rolling 3-month rate of...
This article was written exclusively for Investing.comThursday's Existing Home Sales report threw into stark relief, with a pertinent example, exactly what I have been talking about recently. Growth...
For starters, let’s make sure everyone is on the same page. The CPI report last week establishes (as expected) that the prior report that pegged CPI at 8.5% is likely 'Peak CPI' for this cycle....
This article was written exclusively for Investing.comWhy did the stock market drop so violently on Thursday, after rallying so sharply on Wednesday?
Bond math can help answer this question. (In case...