The March CPI came in +8.5% year over year and +1.2% month over month. For whatever reason stocks initially jumped on the number before giving back all the morning gains and closing red on the day. I’m not sure how…
Ahead of the important March CPI this morning it seems like a good time to take a look at the road ahead for the next bunch of weeks. The first thing is that the rally off the March 14 lows…
The war makes inflation more intractable – Steven Blitz, Chief US Economist, TS Lombard (quoted in Nick Timiraos, “Fed Wrestles With The Challenge Of How Quickly To Raise Interest Rates” [SUBSCRIPTION REQUIRED], WSJ A1, Tuesday 3/15). The Fed is highly…
With inflation raging, the monthly CPI Report has replaced the Jobs Report as the government economic number with the most impact. Let’s take a look at the state of the market heading into the February CPI Report Thursday morning at…
Gold had a big day Friday in the wake of the news that we might be going to war with Russia over Ukraine. The Gold ETF (GLD) was +1.91% on 3x average volume. Combine potential geopolitical conflict – and don’t…
Thursday’s session was a roller coaster. It started out with a hotter than expected January CPI Report at 8:30am EST. The stock market initially gapped down but rallied back to breakeven in about an hour – though the yield on…
The January Consumer Price Index (CPI) report came in hotter than expected Thursday morning sending the yield on 10 year treasuries above 2% for the first time since 2019. As a result, futures markets are now pricing in a more…
Disney (DIS) reported sparking 4Q21 earnings after the close Wednesday. Disney’s streaming service Disney+ continues to grow extremely rapidly adding more than 10 million subscribers in the quarter to reach 129.8 million from 118.1 million at the end of 3Q21….
Fed Chair Jay Powell finds himself in a bit of a bind ahead of Wednesday’s Fed Decision and press conference. On the one hand, he faces a crashing stock market; on the other, raging inflation. The tone he strikes in…
From August 24, 1921 through September 3, 1929, the Dow Jones Industrial Average surged from 63.90 to 381.17 (+497%). From March 9, 2009 through November 19, 2021, the NASDAQ Composite surged from 1,268.64 to 16,057.44 (+1166%). In terms of the…