Market Commentary

The BLS labor report is released at 8:30.  Analysts are expecting a 213k and 170k increase in nonfarm and private sector payrolls, respectively, a 3.8% unemployment rate, a 0.3% increase in

The equity and Treasury markets were bifurcated yesterday.  Equites were initially lower as the ADP Private Sector Employment Survey indicated that hiring is

Both the Treasury and equity markets declined yesterday as solid economic growth, a continued rally in commodities and a flare up in geopolitical risks increased speculation that the Federal Reserve will

Today is the last day of trading for the first quarter.  Wall Street and the Federal Reserve again vastly missed their forecasts for the period.  Writing the obvious, perhaps forecasting models are

Since December, The Federal Reserve increased its 2024 projected growth rate by 50%. It is now forecasting the economy to expand by 2.1% from 1.4%.  Private sector economists are

Markets were relatively quiet Friday in the absence of any economic data. A plethora of Fed speakers offered nothing new with many pondering if last week’s advance has merits. Several firms believe

Equites advanced yesterday on optimism the Federal Reserve will be able to engineer a soft landing, which would bolster the outlook for corporate earnings.  Financial shares led the

Markets traded nervously higher ahead of the outcome of the two-day FOMC meeting. Today’s highly anticipated decision will help shape the outlook for

The two-year Treasury yield—or the instrument most sensitive to monetary policy—climbed to its highest levels since early December as expectations for Federal Reserve interest rate cut this year continued to

After dialing back expectations for 2024 Federal Reserve interest rate cuts substantially since the start of the year, markets will get an update of Fed thinking when the Committee refreshes its