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 […]
Market Report 4/1/2024
MARKET REPORT Review: – US Manufacturing PMI revised lower – US Construction Spending unexpectedly shrank Act -0.3% Exp +0.7% – US Factory Activity Expands Act 50.3 Exp 48.4 – Pound Hits 6-week low, Treasury yield 3 month high – Strong China PMI – Iran vows response to Israel strike on IRGC commander – Nippon Steel […]
Market in Review 3/28/2024
MARKET REPORT Review: – US GDP growth revised slightly up to 3.4% for Q4 2023, above 3.2% prev reported – US Weekly Jobless 210k vs Exp 215K – US Corporate Profits Growth +3.9% in Q4 ($2.8 TRILLION) – US Chicago PMI points to 4th successive contraction (41.4 vs Prev 44 prior month) – US Michigan […]
Market in Review 3/27/2024
MARKET REPORT Review: – Japanese officials jawbone after USD/JPY printed a 33yr high – SARB & Riksbank hold rates, as expected – India’s gold imports set to fall over 90% in March M/M – Strong 7yr auction – EIA Crude build, but not as large as private inventories – Reddit stock down 11% – Coinbase […]
Market in Review 3/26/2024
MARKET REPORT Review: – US Durable Goods rebound more than Exp. Act +1.4% vs Exp +1.1% for Feb. – US House Prices fall first time in 17mths. – US Consumer Confidence misses – Trump sells Truth Social, adds $3B to Net Wealth. Doubles Net Worth to $6.5B. Now one of 500 wealthiest in world. – […]
