Market Commentary

Fed Governor Phillip Johnson rejected arguments for raising the Fed’s 2% inflation goal stating, “changing it could destabilize well

The Federal Reserve’s preferred inflation gauges unexpectedly accelerated in January. Consumer spending surged after a

Equities were volatile yesterday, at one time sending the markets lower for the fifth consecutive day, the longest stretch since early December.  The selloff was led by the same companies that

The Minutes from the recent Fed meeting were largely a non-event. The Committee stated “Participants observed that a restrictive policy stance would need to be maintained until the incoming data provided

The renewed surge in Treasury yields was the catalyst for a slide in equities, with geopolitical tensions and dire forecasts from bellwethers WMT and HD further souring the

Is the market coming to the realization that the overnight rate is going higher?  In about 2 weeks monetary policy expectations have changed about

January ’s CPI is released at 8:30.  It is generally agreed that a softer reading is likely to

Tomorrow the government will release the January CPI, which consensus expect to have climbed 6.2% on a year-on-year basis.  The monthly gain is seen at

A Bloomberg headline read “Stocks Show Exhaustion After a Surge in Bullishness.”  Bullishness among retail investors is viewed as a contrarian indicator.  According to the American Association of Individual Investors, retail investors are bullish for the first time since April and the percentage of retail investors with a bearish view over the next six months … Read more

Things can now get really interesting.  For all the market focus on the end to the monetary tightening cycle, Friday’s employment data refused to adopt this narrative.  The data might be impacted by revisions and the like, but it is hard to argue with headline payroll growth that is literally off of the forecast chart. … Read more