More Euro Confetti as Bonds and Metals Bounce, but Equities Show Risk-Off Sector Rotation PREVIEW Euro keeps turning into confetti as the dollar rises. Bonds and metals bounced after recent lows, yet equities showed clear risk-off sector rotation, with utilities and staples leading while tech and homebuilders lagged. More Euro Confetti as Bonds and Metals Bounce, but Equities Show Risk-Off Sector Rotation PREVIEW Euro keeps turning into confetti as the dollar rises. Bonds and metals bounced after recent lows, yet equities showed clear risk-off sector rotation, with utilities and staples leading while tech and homebuilders lagged.
Weak Payrolls and a Big Dollar Rally: Long Rates Rise as Short Rates, Metals, and the Dow Fall PREVIEW Weak payrolls and a big dollar rally framed the week: long rates rose as short rates, metals, and the Dow fell. Bank credit contracted, the Euro made a 16-month low, and TLT set another low. Weak Payrolls and a Big Dollar Rally: Long Rates Rise as Short Rates, Metals, and the Dow Fall PREVIEW Weak payrolls and a big dollar rally framed the week: long rates rose as short rates, metals, and the Dow fell. Bank credit contracted, the Euro made a 16-month low, and TLT set another low.
Long Rates Spike as Confidence Keeps Sliding – Dollar Rallies While Crude and Heating Oil Correct PREVIEW Long rates jumped 16 bp as U.S. confidence kept sliding. The dollar rallied four days out of five while crude and heating oil sold off hard. Treasuries, currencies, metals, and risk assets all reacted. Long Rates Spike as Confidence Keeps Sliding – Dollar Rallies While Crude and Heating Oil Correct PREVIEW Long rates jumped 16 bp as U.S. confidence kept sliding. The dollar rallied four days out of five while crude and heating oil sold off hard. Treasuries, currencies, metals, and risk assets all reacted.
Nominal Retail Sales Jump 1.2% as Fed Hike Sparks a Dollar Rally and Dow Slides PREVIEW Nominal retail sales jumped 1.2% last week as the Fed hiked 25bp. The dollar rallied 1.1% while the Dow slid 1.7%, with most sectors lower in a risk-off week. Nominal Retail Sales Jump 1.2% as Fed Hike Sparks a Dollar Rally and Dow Slides PREVIEW Nominal retail sales jumped 1.2% last week as the Fed hiked 25bp. The dollar rallied 1.1% while the Dow slid 1.7%, with most sectors lower in a risk-off week.
Treasury Rates and Energy Scream Higher on Hot CPI/PPI as Metals Fade Ahead of Near-Certain Fed Hike PREVIEW Hot CPI and PPI prints sent energy and Treasury yields screaming higher. Gold, silver, and miners faded. A September Fed hike is nearly locked in at 87%. Treasury Rates and Energy Scream Higher on Hot CPI/PPI as Metals Fade Ahead of Near-Certain Fed Hike PREVIEW Hot CPI and PPI prints sent energy and Treasury yields screaming higher. Gold, silver, and miners faded. A September Fed hike is nearly locked in at 87%.
Strong Payrolls, Metals Dips Get Bought, and Heating Oil Hits a New High PREVIEW Strong payrolls surprised Friday. Gold, silver, and miner dips were bought through the week. Heating oil still printed a new weekly all-time high as crude ripped higher. Strong Payrolls, Metals Dips Get Bought, and Heating Oil Hits a New High PREVIEW Strong payrolls surprised Friday. Gold, silver, and miner dips were bought through the week. Heating oil still printed a new weekly all-time high as crude ripped higher.
Jackson Hole Reaction: Gold, Silver & Miners Slump as the Dollar Rallies PREVIEW Warsh’s hawkish Jackson Hole speech sparked Friday selling in gold, silver, and miners as the dollar rallied. Home prices kept falling, GDP jumped without much job growth, and September hike odds rose. Jackson Hole Reaction: Gold, Silver & Miners Slump as the Dollar Rallies PREVIEW Warsh’s hawkish Jackson Hole speech sparked Friday selling in gold, silver, and miners as the dollar rallied. Home prices kept falling, GDP jumped without much job growth, and September hike odds rose.
Weak Housing, Dollar Confetti & the Gold/Silver/Miner Surge – Confidence Cracks as Equities Correct PREVIEW Housing weakens as starts and pending sales drop, bank credit growth stalls, and the dollar turns to confetti. Gold, silver and miners surge hard while equities correct and confidence measures slip. Weak Housing, Dollar Confetti & the Gold/Silver/Miner Surge – Confidence Cracks as Equities Correct PREVIEW Housing weakens as starts and pending sales drop, bank credit growth stalls, and the dollar turns to confetti. Gold, silver and miners surge hard while equities correct and confidence measures slip.
“No Inflation” CPI Meets Screaming Heating Oil, Falling Retail Sales, and a Split Market PREVIEW Soft CPI and PPI met a near-10% surge in heating oil. Retail sales declined, long rates rose, TLT hit a 19-year low, and Nasdaq outperformed a falling Dow. “No Inflation” CPI Meets Screaming Heating Oil, Falling Retail Sales, and a Split Market PREVIEW Soft CPI and PPI met a near-10% surge in heating oil. Retail sales declined, long rates rose, TLT hit a 19-year low, and Nasdaq outperformed a falling Dow.
Weak Payrolls but Miners Scream Higher – Metals Follow as Paper Crude Declines PREVIEW Weak payrolls and heavy downward revisions arrived alongside a soft dollar, while miners and metals broke out strongly, equities hit new highs, and paper crude sold off sharply. Weak Payrolls but Miners Scream Higher – Metals Follow as Paper Crude Declines PREVIEW Weak payrolls and heavy downward revisions arrived alongside a soft dollar, while miners and metals broke out strongly, equities hit new highs, and paper crude sold off sharply.