Market Updates
Market Updates
Rates Higher-for-Longer; Vax U-Turn in Progress
The buck rose 0.78 [+0.76%] to 103.53 this week, managing to close above the 50 moving average (MA) on Friday for the first time since the big decline began back...
Market Updates
Market Updates
Fed Raises Rates +25 bp; The Safety System Works
We had a market two-fer this week: first, Powell Press Conference Wednesday, followed two days later by Payrolls Friday. First, Powell Wednesday. The Fed raised rates by the expected 25...
Market Updates
Market Updates
A Gold Divergence; Post Vaccine-War Impact Incoming
We had four economic reports this week: Personal Income (PI): +0.22% month over month (m/m) [+0.26% month over m/m prior]; Slowing, negative. Durable goods, New Orders (DGORDER): +5.33% m/m, Shipments...
Market Updates
Market Updates
A Slowing Economy; We Are Past Peak WEF
Signs and symptoms of recession this week: Retail Sales (RSAFS): -1.16% month over month (m/m), motor vehicles -1.62% m/m, food and beverage +0.03%. Bearish. Industrial Production (INDPRO): -0.73% m/m, manufacturing...
Market Updates
Market Updates
More Services Inflation; Plebe Lives Matter
The Consumer Price Index (CPI) news was the primary economic release this week; allegedly, inflation dropped -0.08% month over month (m/m), and rose +6.42% year over year (y/y). But, while...
