MARKET INDEXES: A hopeful start to the week as many waited on abated breath as to what Fed Chair Jerome Powell would do in response to the bank failures over the past week. The markets rallied into Fed decision Wednesday on the hopes of a...
Market Indexes: March 11, 2023 It is fair to say that Fed Chair Jerome Powell stole the show on the Street this week as, despite the already hawkish expectations, shocked the market with his stark words regarding inflation. Small-caps and financials were crushed in the wake of...
Market Indexes: Economic Data: Monday: Durable Goods Orders for January: Durables Ex-Defense and Aircraft = +0.5% M/M and slowing -30bps to...
We had a shortened week due to the Monday holiday but that didn’t mean we were in for a lackluster week. Volatility spiked as we received news on Tuesday that the rate of disinflation was slowing and we were, in fact, seeing some...
Market Indexes: A lot of back and forth this week as it was jam packed with inflation related economic data, all of which pointed to a sustaining hawkish Fed that will more than likely keep rates “higher for longer”. CPI increased month over month, retail sales...
Market Indexes: This week was a much quieter than last week’s economic and market related data. Fed Chairman Powell spoke on Tuesday at the Economic Club of Washington D.C. with his former Carlyle Group boss, David Rubenstein. Even amongst mostly softball questions that were...
Market Indexes: It was an extremely busy week and will probably go down as one of the busiest of 2023 with all the economic and market driving data released this week. Economic Data: Monday: Q4 Germany GDP surprised to the downside this morning at...
Market Indexes: An optimistic week as traders seem to be awaiting the Fed’s decision on Wednesday, Feb 1st. Will they hike by 50 bps or 25 bps? All evidence points to the Fed remaining hawkish - GDP was released this week coming in at +2.9% growth...
Market Indexes: Even though the holiday-shortened week started on a bullish note, this year's impressive global risk rally fizzled out later in the week, and most stocks finished lower following two positive weeks. While cyclical issues gave back a large chunk of last week’s gains due...
Market Indexes: We entered the week patiently awaiting the December CPI print which consensus had estimated at +6.5% year-over-year. Indexes rallied on the hopes of a deflationary number which would support the Fed to take the stance to pause on hiking rates. Friday kicked off Q4...