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Archives by Year:
Dow Sheds 696 Points As Interest Rate Cut Hopes Dwindle
The Dow closed out the first full week of January with a steep triple-digit loss, marking its fifth weekly decline in six. This dismal price action followed a much hotter-than-expected private payrolls report, which dragged the Nasdaq and S&P 500 sharply lower as well, resulting in a second-straight weekly loss for both.Investors are losing hope for […]
Stock Traders Once Again Reveal Their Liquidity Addiction
Image Source: Unsplash So much for the idea of equity investors rooting for a stronger economy, at least for today. This morning’s reaction to the stronger-than-expected December jobs report revealed that stock traders are once again more concerned about the potential for monetary accommodation rather than the type of robust economy that can improve corporate fundamentals.My […]
Health Check: How Is The Global Economy Holding Up?
Video Length: 00:05:12 On the inaugural edition of Market Week in Review for 2025, Senior Director and Chief Investment Strategist for North America, Paul Eitelman, discussed Canadian Prime Minister Justin Trudeau’s resignation as well as the latest batch of U.S. and global economic data. He also examined the recent volatility in global fixed income markets […]
Jobs Data Undercuts Fed Rate-Cut Hopes, Pressures U.S. Equities And Fuels Dollar Rally
The December jobs report has laid bare a stark divergence between resilient labor market trends and financial market expectations for a more accommodative Federal Reserve. With 256,000 new positions added in December, far exceeding consensus projections of 160,000, and an unexpected drop in the unemployment rate to 4.1%, the data reinforce the notion that economic […]
Jobs Moving Gold Shifting
Image Source: Pixabay Some of gold’s most-volatile days erupt after monthly-US-jobs data is released. This granddaddy of all economic reports can really move markets both ways. Gold can surge on substantial downside surprises, or plunge on big beats. Gold and gold-stock traders really need to understand the dynamics fueling these big jobs-reports reactions. That not only […]
Financial Conditions Tighten In Response To Recent Data
The US dollar continues its ascent after breaking out from a 2 year trading range in response to recent data pointing to “stickier” than expected inflation, resulting in a Fed that probably has to stay put for awhile.From a technical aspect, an 8 point trading base ($100-$108) means the breakout has a measured move target […]
Strong December Jobs Report Dampens Rate Cut Hopes
Image courtesy of 123rf.com U.S. employers added a robust 256,000 jobs in December, significantly exceeding economists’ expectations of 160,000 and demonstrating continued resilience in the labor market despite elevated interest rates. The unemployment rate held steady at 4.1%, according to data released Friday by the Bureau of Labor Statistics, while average hourly earnings increased 0.3% from November […]
STZ Earnings Selloff Prices In Mexico Tariff Concerns
Shares of Constellation Brands (STZ) are getting hit hard today (-17%) after reporting 3QFY25 earnings. The stock has been dealing with concerns about Trump placing 25% tariffs on imports of Mexican goods since Mexican beers like Modelo, Corona and Pacifico make up more than 80% of STZ’s sales.Aaron Back had a prescient article in the […]
Duration Distress
We’ve written previously about the traditional sources of excess return for fixed income active managers, one of which is taking on higher term or interest rate risk. 2024 witnessed a sharp reversal in the excess returns from term risk, as long duration tilts that would have rewarded managers in 2023 hurt them in 2024. A key reason […]
Smart Money Moves: How To Play Today’s Market
Image Source: Pixabay Macro Review: A Volatile Morning Ahead The markets opened to a flurry of activity today, shaped by hotter-than-expected economic data signaling sustained inflationary pressures. Watch our pre-market analysis here. This environment has strengthened the case for elevated interest rates, effectively sidelining hopes for rate cuts in the near term. The key takeaway for […]
