Market in Review 1/31/2024

MARKET REPORT

Review:
– Fed keeps rates unchanged (as Exp)
– Powell signals MAR rate cut unlikely, inflation is decreasing, still too high, need more evidence
– Rates likely to move down this year, unlikely Mar
– Treasuries up past 4% after falling back on data showing hiring slower than expected, employment costs rose softest pace since Q2 2021 (US ECI & ADP),
– Dollar bounce, Gold pares, Crude down, Equities down
– MSFT & GOOGL earnings underwhelm
– Soft German & French Inflation figures
– Hawkish BoJ SoO

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 , @
– Coins BTC pushes past early weakness to grind higher, ETH whipsaw gives up early gains.
– Crude higher over a more resilient economy, trades off in afternoon, but still firm on up. Trading , +
– NFP inc 47k returning strike autoworkers, large (+77k) Healthcare (low-grade non prof) and Gov’t (+49k).
– EVERY NFP (Inc this one) prev month figure revised lower (but no-one cares)
– RATE dipped to 3.7% Exp 3.9%
– ‘Strong’ number likely pushes back Fed Easing Cycle. Extends longer than expected plateau in rates.