Market in Review 5/6/2024

MARKET REPORT Review: – gold, stocks, and bonds bid as rate-cut hopes inched higher. – The market is now pricing in two rate-cuts in 2024 and three more cuts in 2025… – Copper 2yr High, Nat Gas 4-month High, Cocoa +5+%, Silver +3.3% – DAX closes 4-week high – Wall Street extended its gains for the […]

Market Report 2/27/2024

MARKET REPORT Review: – BTC up 4% – Soft Durable Goods led by Boeing – Consumer Confidence stalls – Richmond Fed improves – Hot Japanese CPI – Fed’s Bowman tows usual line – BoE’s Ramsden says MPC could unwind APF fully – AAPL cancels electric car effort – HES-CVX merger under threat – OPEC reportedly […]

Market in Review 2/21/2024

MARKET REPORT Review: – NVIDIA POST RECORD REVENUE +265% ON BOOMING AI BUS POST CLOSE – FOMC Minutes: – altered the post-meeting statement to indicate that no cuts would be coming until the rate-setting Federal Open Market Committee held “greater confidence” that inflation was receding. – indicated a general sense of optimism that the Fed’s […]

Market In Review 08/2022

Man working at laptop in nature

The USA is on holidays today so it should be a quiet start to the week. Data wise, there is a bunch of PMI’s out this week from Europe and USA. Personally I do not put a lot of weighting on PMIs as they are only a survey of expectations, not hard data of what has actually been manufactured or serviced. Also, there is the Kiwi Central Bank meeting, with the RBNZ expected to raise again to 1%.

Market In Review 07/2022

Man working at laptop in nature

The USA inflation numbers printed the highest in 40 years at 7.5%, which the market took as a near certainty of a rate rise. This was reinforced by the US Fed member Bullard voicing extremely hawkish comments later that day. The odds of a rate rise of 50 basis points at the next Fed meeting shot up to 70%. The market was even pricing in a 25% chance of a 25 bp move before the next Fed meeting in March, a chance this week in fact.

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