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 […]
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 in Review 3/6/2024
MARKET REPORT Review: – Powell sticks to script – Crypto surges again – Haley concedes to Trump – ADP rises, but misses expectations; – UK Budget as expected; – NYCB USD 1bln capital raise DOLLAR DX: Down: 103.32 -0.4% (103.88 – 103.16) Off lows – AUD Up: 65.63 +0.9% (64.79 – 65.77) Off Highs […]
Market in review 2/15/2024
MARKET REPORT Review: – Retail Sales drops. Exp -0.1% Actual -0.8% – Initial Jobless, Philly Fed and NYS Manuf stronger – Industrial Production weaker – UK GDP weaker Exp -0.1% Actual -0.3% – Japan & UK enter technical recessions – AAPL readies AI tool to rival MSFT’s Github copilot – Israel kills Hezbollah leader. Hez […]
