Yellen expects a diminishing risk of a recession in the US and notes that a decline in spending is needed to curb inflation. Um...
No pause for the BoE. They came out with an unexpected 50bps rate hike to fight inflation and warned they may have to hike a...
That’s the story that Powell’s sticking to, noting to Congress that he believes they’ll have to hike rates more to fight in...
Loosening financial conditions may drive more hawkish monetary policy; financial stress is at its lowest level since Feb, mean...
Yes, that is a Flex Tape/Central Bank meme. Per BofA, individual investor sentiment is at a 19-mo high.
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The Fed isn’t done hiking rates, apparently. Neither is the ECB. Confused by the zig-zag of the markets during Fed day yester...
Today is Fed day. Treasury yields are down as investors brace for a rate pause, which would be the first time in 15 mo. But, in...
Yes, that was a terrible song (for those youngsters reading these notes, Google it). But today’s inflation data is giving someth...
Goldman Sachs’ Kostin (the bull) is forecasting the S&P’s rally to continue while Morgan Stanley’s Wilson (the bear) is...
Are you:
(1) having fun, fully-invested in these markets
(ii) having FOMO because you’ve missed out so now you’re jum...
US jobless claims were higher than expected last week (261k), hitting the highest level since Oct 2021. Continuing claims,...
The OECD is warning that the global recovery will be weak and pressured by inflation, offering a forecasted 2.7% growth rate in wo...
UBS put out a good piece on the preview of CPI. They expect used vehicle prices and rents will push CPI up for May, alongside...
The ISM services data was weak. It fell to 50.3 from 51.9 in April. So, we’re getting awfully close to the contraction leve...
It was a deal that nobody could refuse. The debt ceiling deal was passed with a 63-36 majority in the Senate. Thank goodness ...
Now that the debt ceiling deal passed the House, it is headed to the Senate. The timing of the vote is unclear, but obviously ever...
They’re voting today after getting the draft debt deal through the House Rules Committee by a 7-6 margin. The House needs to p...
US stocks are up, fueled by AI hope for chipmakers and broad tech. Treasuries are up, as traders cross their fingers that the debt ...