Market in Review 5/31/2024
MARKET REPORT Review: – Headline PCE matches forecast but Core slows – Headline +0.3% vs Exp +0.3% Prev +0.3% – Core +0.2% vs Exp +0.3% Prev +0.3% – US Personal Spending +0.2% vs Exp +0.3% – US Personal Income +0.3% vs Exp +0.3% Prev +0.5% – Chicago PMI hits 4yr low – Musk states ‘great […]
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 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 1/17/2024
MARKET REPORT Review: – US Retail sales – Strong (+.6 Exp +0.4) – US Homebuilder optimism jumped – US Industrial Production better than expected – UK Inflation HIGHER (CPI Exp +3.8% Act +4.0%) – US 10yr above 4% – Mar rate cut odds tumble – 57% chance the Fed cuts, down from a 67% chance last week and 71% […]
