Market in Review 1/9/2024
MARKET REPORT Review: – Oil supply concerns (Middle East) – RCM/TIPP Economic Optimism lifts – Samsung Electronics profits fall for sixth straight quarter – ETH rallies 5% on close DOLLAR closed up small: – AUD down: 66.85 -0.5% (67.14 – 66.79) close off bottom rge – EUR up: 91.48 +0.22% (91.19 – 91.63) […]
Market in Review 1/8/2024
MARKET REPORT Review: – NY FED SCE (DEC) one-year inflation expectation is at 3% (prev. 3.4% in Nov) which is the lowest since January 2021 – United Airlines (UAL) found loose bolts on plug doors during the 737 MAX 9 inspections and discrepant bolts and other parts on the Plug Doors have been found on […]
Market in Review 1/5/2024
MARKET REPORT Review: – NFP: – Exp +170 ‘actual’ 216K, above all but 2 estimates and the highest in 4 months, severely reducing the case for March rate cut – Rate Exp 3.7% Act 3.7% – Hourly earnings Exp 3.9% Act 4.1% – October revised down 45K from 150K to 105K – November revised down […]
Market in Review 1/4/2024
MARKET REPORT Review: – Morgan Stanely go Dollar neutral (from Bullish). Call for EUR down and YEN up (Short Eur/Yen) – Strong EZ PMI revisions – BTC/ETH bounce 4% (shock) – ADP National Employment report saw the headline beat at 164k (exp. 115k) ALTHOUGH wages components saw the median change in annual pay for job […]
Market In Review 1/3/2024
MARKET REPORT Review: – The FOMC Minutes were less dovish than the market (and Powell) suggested and March rate-cut odds faded modestly – 2024’s rout in stocks and bonds is the biggest global rout to start the year since 1999 – US Debt hits 34Trillion. Fist time ever. Context: 2010 it was 12T – Bitcoin (and ETH) […]
Market in Review 1/2/2024
MARKET REPORT Review: – Downward PMI revision – Raft of corporate debt issuance – Senior Hamas official killed by Israeli drone strike, Beirut; “ – Usual Red Sea concerns – Barclays downgrades Apple – Weak PMIs in Europe and China. – Dollar UP : AUD 67.61 -0.8% (68.40 – 67.60) close on lows EUR 91.37 […]
Market in Review 12/20/2023
MARKET REPORT Review: – US consumer confidence strong – Existing Home Sales beat – Surprise US crude inventory build – Harker DOVISH – UK CPI tumbles – ECB officials push back on rate cut pricing – Dollar Up (Excl Yen). AUD 67.30 -0.44% EUR 91.36 0.37% GPB 126.35 -0.74% JPY 143.56 -0.2% – Gold down […]
Market in Review 12/19/20
MARKET REPORT Review: – Strong US Housing Starts – Bostic reaffirms cautious view – Barkin hesitant to give details on cuts – Red Sea transit disruptions continue – BoJ maintained policy settings & forward guidance – Hotter-than-expected Canadian CPI – Lufthansa orders up to 100 airplanes from BA – Dollar down. AUD 67.60 +0.85% EUR […]
Market in Review 12/18/2023
MARKET REPORT Review: – Oil prices surged intraday amid more headlines of attacks, and re-routings of tankers in the MidEast with WTI psuhing up near $75 before fading back – Daly notes rate cuts next year could be needed – Mester said markets are a bit ahead of the Fed on rate cuts – Goolsbee […]
Market in Review 12/15/2023
MARKET REPORT Review: – Fed Speakers Reverse Powell – NY Fed’s Wiliams “We aren’t really talking about rate cuts right now” – Powell DEC13th “cuts are something “that begins to come into view, and is clearly a topic of discussion out in the world and also a discussion for us at our meeting today.” – […]
