Market in Review 4/15/2024
MARKET REPORT Review: – Hot US retail sales Exp +0.3% Act +0.7% – NY Fed mfg. misses – Williams doesn’t see recent inflation data as a game changer – Stellar GS earnings – ECB speak in favour of June cut. – Trump’s ‘Hush-money’ trial starts – Israel prepares response to Iran – Trump media stock […]
Market in Review 4/12/2024
MARKET REPORT Review: – GOLD! Pumps, and DUMPS – Crypto, just DUMPS – Crude….. PUMPS AND DUMPS – Equities….. dump. – Flight to USD! – End. Of. Story. – China weak credit loans (up, but less than Exp) – China phasing out foreign chips – JP Morgan -5% on Earnings. (Earnings season for banks begins…) […]
Market in Review 4/11/2024
MARKET REPORT Review: – US PPI ‘Less’ than expected Exp +0.3% Act +0.2% Prev +0.6% Feb – YoY +2.4% Mar Exp +2.3% Prev +2% Feb BUT!: According to the BLS, the SESONALLY ADJUSTED (??!) gas price in March, MAGICALLY dropped by 3.6%! Even though the unadjusted, as in REAL, GAS PRICE ROSE BY 6.3%! If the BLS […]
Market in Review 4/10/2024
MARKET REPORT Review: – Every single CPI metric coming in hotter than expected – MoM Act 3.5% Mar vs 3.4% Exp Prev 3.2% Feb – Shelter and Gas main drivers – YoY Act 3.8% Mar vs 3.7% Exp Prev 3.8% – ““Anyone say HOT CPI PRINT TOMORROW!?!?!?”” Yest Mkt Report. “The so-called ‘Super-core’ CPI measure […]
Market in Review 4/9/2024
MARKET REPORT Review: – ALL EYES CPI TOM – AUD Hits 4-week high – CAD stocks hit record high – US Economic Optimism Index Falls. Exp 44.2 Act 43.2 – CAC closes at 4-week low – FED’s BOSTIC: IF JOB DATA SIGNALS PAIN TO COME, OPEN TO EARLIER CUTS – BOSTIC: IF DISINFLATION PACE RESUMES, COULD PULL […]
Market in Review 4/5/2024
MARKET REPORT Review: – US NFP Highest in 10 months (It’s ALL P/T, F/T actually decreased & 50% + Gov/Health) – Exp 200k Act 303k – Feb revised down from 275k to 270k – Jan revised up net Jan/Feb +22k – The rate was Exp Unch at 3.9% came in at 3.8% – the bulk […]
Market in Review 4/4/2024
MARKET REPORT Review: – ALL EYES ON JOBLESS TOMORROW – Fed KashKari: Fed may not cut all all this year if no progress on inflation. Dollar surges, Gold/Equities sold. – US Companies cut the most jobs in 14 months. Us based companies plan to cut 90k jobs in March – US Trade gap Highest in […]
Market in Review 4/2/2024
MARKET REPORT Review: – POWELL: – Reiterates likely appropriate to begin lowering IR ‘at some point this year” – inflation figures though higher than expected didn’t ‘materially change’ the overall picture – policy makers will wait for signs of lower inflation before cutting – ISM Services PMI hits 3-month Low Act 51.4 vs Exp 52.7 […]
