Market in Review 6/28/2024
MARKET REPORT Ville Bourse, built 1652 Day in Review: – Trump DESTROYS Biden in tragic ‘Debate’. Trump disciplined and measured, Biden lost and incoherent. – Watch Bidens Donations EXTINQUISH (hint, they’re NON-refundable) – US Personal Spending BELOW forecasts +0.2% Exp +0.3% – US PCE Inflation Slows as Expected UNCH May vs April following +0.3% April […]
Market in Review 6/27/2024
MARKET REPORT Brussels Stock Exchange Founded 180, July 8th The world’s first major economic marketplace occurred in medieval times in the Low Countries, in what is now modern Belgium. At this time, deals were brokered not by grey-suited bankers furiously shouting down telephones, but by innkeepers in their tunics and cloaks. During the 1300s. the […]
Mkt Report 6/26/2024
MARKET REPORT Wiener Bourse Review: – Dollar Index hits 8-week high – US Building Permits revised higher but still at lowest since June 2020 1.399m May, revised from 1.386m – US New Home Sales hits 6-month LOW -11% @ 619k May, Exp 640k Prev 698K – Medium New House $417,400 (Avg $520k) vs 1yr earlier […]
Market in Review 6/25/2024
MARKET REPORT Review: – NVIDIA +7% REBOUND! NASDAQ up 1% (Google +2%), Tech UP, broader Index down – Tesla up 2.5% on Cyber Truck figures – Trump Media up 15% (welcome to the rollacoaster) – Rivian +8% (turn the machines back on and sell, sell, sell) – Chicago PMI up in May +0.18 vs -0.26 […]
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
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 […]
