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.” – […]
Market in Review 12/14/2023
MARKET REPORT Review: – Dollar down another 1% – Powell DEC 1st “premature to conclude with confidence that we have achieved a sufficiently restrictive stance, or to speculate on when policy might ease” – Powell DEC13th “cuts are something “that begins to come into view, and is clearly a topic of discussion out in the […]
Market in Review 12/13/2023
MARKET REPORT Review: – Dollar smoked – The Summary of Economic Projections showed that the FOMC expects the Fed Funds rate to be 4.75% vs 5.25% previously projected – Dollar down vs EVERYTHING. AUD +1.65%, Euro -0.75%, Pound +0.4% (underperformer, hint, it’s a buy), Yen SMOKED -2.3%! (Yesterday you got long and were wrong. 140 […]
Market in Review 12/12/2023
MARKET REPORT Review: – US CPI largely in-line – Core CPI figures as expected – 0.3% M/M and 4.0% Y/Y, headline M/M rose 0.1% (above exp. 0.0%), while the headline Y/Y lifted 3.1%, as expected. – Fed pricing sits more hawkish to pre-data levels with 110bps of cuts priced across 2024 vs 117bps (pre-data), first […]
Market in Review 12/11/2023
MARKET REPORT Review: – US CPI TOMORROW! (Nothing else matters) – Dovish BOJ sources. YEN hit, a ‘BoJ sources’ piece from Bloomberg stated that the BoJ is said to see little need to end negative rates in December – Dollar flat across board except gains vs Yen (reversal of Thursdays statement) – Equities ND outperforms, […]
Market In Review 12/8/2023
MARKET REPORT Review: – Non Farm Payrolls outperforms. – Dollar up smalls across board, +0.3% vs AUD @, +0.3% vs EUR @, +0.3% vs GPB @, up 0.5% vs YEN – Equities small bid, DOW + @, ES + @, ND + @ – GC sold off post number – @, SI worse down , […]
