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 […]
Market in Review 5/16/2024
MARKET REPORT Review: – Gold down, Dollar/Crude up, Crypto/Equities down smalls. – US Building Permits fall to 10 month Low – US Housing starts rise less than Exp – US Initial Jobless fall less then Exp – US Philly Factory Activity slows more than Exp – US Import & Export prices rise more than Exp […]
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 3/22/2024
MARKET REPORT Review: – CAD Retail Sales Edge Higher – DOW best week of 2024 (though drops 300pts today) – FedEx UP, Nike DOWN (24 wk low), LULU LEMON DOWN, Tesla Curbs China output – Soft Japan inflation, wage tally eased slightly – German Ifo beats – DAX record close, FTSE highest in 1yr – […]
Market in Review 3/21/2024
MARKET REPORT Review: – BoE Holds rates UNCH at 5.25% (Expected) (Voting 8-1, 1 for cut. Exp 7-2, 1 cut and 1 hike) (Slightly more DOVISH) – Gov Bailey expressed favourable conditions for beginning reduction but stressed greater necessity for certainty regarding price pressures – FTSE closed 11 month highs – STOXX 50 23yr highs […]
Market in Review 3/14/2024
MARKET REPORT Review: – US PPI rises most since August. Exp +0.3% Act +0.6% – Energy and food primary drivers – Core rate (Ex Food and Energy) Exp +0.2% Act +0.3% ALTHOUGH Prev +0.5% – YoY +1.6% from Jan +0.9% surpassing Exp +1.1% – US Retail Sales Exp +0.8% Act +0.6% – Jan upwardly revised […]
Market in Review 2/29/2024
MARKET REPORT Review: – Another record day of BTC ETF inflows – Bridgewater Dalio calls Mag 7 ‘a bit frothy’ – Cocoa sees biggest monthly gain in 22 years. – M/E Tensions rise on Israel/Gaza food stampede deaths – Core PCE prices +0.4% from Jan, sharpest rise in 1yr. Concerns slowing Disinflation. – Unemployment claims […]
