Market in Review 5/31/2024

MARKET REPORT Review: – Headline PCE matches forecast but Core slows – Headline +0.3% vs Exp +0.3% Prev +0.3% – Core +0.2% vs Exp +0.3% Prev +0.3% – US Personal Spending +0.2% vs Exp +0.3% – US Personal Income +0.3% vs Exp +0.3% Prev +0.5% – Chicago PMI hits 4yr low – Musk states ‘great […]

Market in Review 5/30/2024

MARKET REPORT Review: – Trump convicted on all 34 counts. Awaits sentencing. – US Q1 GDP and Core PCE revised lower – US Weekly jobless Claims rise slightly more than expected – US Fed’s Williams sticks to script – Rate cut expectations increased slightly. – US to restrain AI chips sales to the Middle East, […]

Market in Review 5/29/2024

MARKET REPORT Review: – Treasury Yields spike leading to Equity sell off post government 7yr Auction flop – 10-yr yield tops key 4.5% level hitting 4.63% – concern Fed will hold IR higher longer Rate cut hopes decline – Surprising boost in US consumer confidence – Mixed bag of regional Fed survey data: – Richmond […]

Market in Review 5/24/2024

MARKET REPORT – Lyon Stock Exchange. The oldest French exchange is in Lyon, not Paris. Est 1540 – US UoM revised up from prelim – US Durable Goods Rise +0.7% vs Exp -0.8% – US Fed’s Waller has not changed his view that the neutral rate is relatively low – The odds for an ease […]

Market in Review 5/23/2024

25 Trading Lessons Cover

MARKET REPORT Review: – NVIDIA +9% – Strong US PMI sent rate cut expectations lower: – US New Home Sales -4.7% Act 634k vs Exp 680k – Boeing down 8% on 2nd Qtr neg cash flow and no aircraft deliveries – Mixed European PMIs: France/UK miss, Germany beat – TSLA omits 2023 sales goal from […]

Market in Review 5/22/2024

MARKET REPORT Review: – HAWKISH FOMC Minutes showed some Fed members feared that despite a ‘restrictive’ monetary policy, financial conditions were too easy: – “A number of participants noted uncertainty regarding the degree of restrictiveness of current financial conditions and the associated risk that such conditions were insufficiently restrictive on aggregate demand and inflation. Although monetary policy was seen […]

Market in Review 5/21/2024

MARKET REPORT Review: – ETH surge liquidates shorts in massive losses: – Biden Drains Entire Northeast Gasoline Reserve In Bid To Lower Gas Prices – Fed’s Waller said further increases in the policy rate are unnecessary, but interest rate cuts are probably several months away – Aluminum 2yr High, US Natgas 5mth High, Copper retests […]

Market in Review 5/20/2024

MARKET REPORT Review: – ETH SOARS of ETF SEC possible authorization – “I’m cautiously pessimistic. We have the most complicated geopolitical situation that most of us have seen since World War II, if you study history. We don’t really know the full effect of QT. I find it mysterious that, somehow, it had this beneficial effect, but it’s not going to have a negative effect […]

Market in Review 5/16/2024

MARKET REPORT Review: – Gold down, Dollar/Crude up, Crypto/Equities down smalls. – US Building Permits fall to 10 month Low – US Housing starts rise less than Exp – US Initial Jobless fall less then Exp – US Philly Factory Activity slows more than Exp – US Import & Export prices rise more than Exp […]

Market in Review 5/15/2024

MARKET REPORT Review: – Gold, Equities, Treasuries, Crypto, Crude UP. Dollar down. – US Super-Core CPI hotter than expected (but headline and core CPI in-line/small miss) – US Retail sales softer than expected – US Homebuilder sentiment slumped – US Empire Fed Manufacturing disappoints Fedspeak: – Mester echoes Powell (pre-data) – Schmid is prepared to […]