Reviewing what yield curve inversion means to the market
The sharp flattening of the 2-10yr U.S. Treasury Yield Curve to 15 basis points, and the inversion of the 3-5yr YC brought a possible inversion back into the spotlight. This…
Read MoreTwo good news items in ISM Manufacturing survey
Today’s November Institute for Supply Management (ISM) Manufacturing Index surprised to the upside by rising from 57.7 to 59.3 vs. the prior month (Figure 1). According to Bloomberg, consensus expectations…
Read MoreThe economic week ahead, December 2nd
This week features a slew of major economic data releases as we head towards the December FOMC meeting. We maintain our stance that softer economic data will be reacted to…
Read MoreBest week for Consumer Discretionary in 7-years
The sharp rebound in equities has pushed every S&P sector higher for the week. Consumer discretionary stocks are doing especially well, the sector is up 6.2% for the week and…
Read MoreThe Day Ahead, Thursday November 29th
Wednesday saw the markets surge after Jerome Powell softened his stance at a noon-time speech in New York City. His comments were interpreted as more dovish, citing that the economy…
Read MoreFurther deterioration in bullish sentiment
As we suggested last week, today’s report from Investors Intelligence showed bullish sentiment continued to decline in the latest poll.
Read MoreThe Day Ahead, Wednesday November 28th
The markets closed higher for a second consecutive day to start the week on Tuesday, and Wednesday features a pair of significant data releases as well as a speech from…
Read MoreThe Day Ahead, Tuesday November 27th
Following a Monday that saw the markets sharply higher, Tuesday features the first major economic data release of the week along with two minor housing data releases. As we stated…
Read MoreA good recap of our view
I thought this was an excellent write-up and video of our current view. I will be traveling for the bulk of this week, but will have a new macro post…
Read MoreDriver of early strength Italian optimism
It looks like the market is starting off the week on a very strong note with a 1% gain in the S&P 500 Futures. The reason being given in the…
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