Recent FED Minutes A Non-Event
According to Bloomberg over $6 trillion in market capitalization has been added the S & P 500 in 2023, an advance primarily focused in
Kent Engelke
Sentiments Are Again Changing
The markets are suggesting a 30% chance the overnight rate will be lowered by 0.25% in March. Is this realistic or
The Volatility is Insane!
According to Bloomberg, in three weeks, the NASDAQ 100 has made an abrupt U-turn that went from correction territory to a 15-month high, adding roughly
Key Inflation Data Released This Week
Will this week’s inflation data validate rising inflation expectations as measured by the University of Michigan Sentiment Index?
Is The Seventh Time The Charm?
Will the seventh time be the charm? According to Deutsch Bank this is at least the seventh time in this hiking cycle that markets have reacted notably in response to
A Nominal Reversal From Recent Gains
Equities were essentially unchanged yesterday following its best week of 2023. A reversal of the moves in Treasuries weighed on stocks with 10-year Treasury yields rising about
Third Quarter GDP Released at 8:30
JP Morgan’s Jamie Dimon stated the other day that central banks got financial forecasting “100% dead wrong” about 18 months ago. Most, including the Federal Reserve, thought the economy would be near or in a recession by
Is Market Sentiment Changing?
Are the markets beginning to realize fiscal spending and the debt levels are unsustainable? FRB Chair Powell stated recently “the game was slipping away from him” as longer dated yields surged to 16–17-year highs.
GOOG And MSFT Announce Earnings at The Close
Alphabet and Microsoft report earnings today after the close. Meta’s results are due tomorrow and Amazon’s on Thursday.
S & P 500 Broaching its 200 Day Moving Average
The S & P 500 is broaching the pivotal 200 day moving average. Oil prices are at the highest levels in over a year. The VIX or the fear index is at levels last experienced in March. Long dated Treasuries are hovering around yields last experienced 16
