Inflation and Yields and War, Oh My
A favorite Federal Reserve inflation gauge, the core personal consumption expenditures index, measured 4.9% year over year for December. It hasn’t been that hot since September 1983. And the employmen...
29 Tammi 202242min
GDP Comes in Hot as Investors Prepare for Higher Interest Rates
The Commerce Department reported the fastest annualized rate of U.S. gross domestic product growth since 1984 for the fourth quarter of 2021. But it’s hard to call this “Morning in America.” Investors...
28 Tammi 202237min
Stocks Surrender Gains, Treasury Yields Rise Following FOMC Statement
The Federal Open Market Committee said today “it will soon be appropriate to raise the target range for the federal funds rate.” And it issued a separate statement on “Principles for Reducing the Size...
27 Tammi 202236min
Geo-Macro Tensions, Central Bank Questions Exacerbate Selling Pressures
The U.S. appears to be ramping up its support of NATO forces to counter Russia’s threat to Ukraine. And, after selling off along with all risk assets yesterday, crude oil prices are once again rising....
26 Tammi 202237min
It's the End of the Pandemic Rally As We Knew It
Cryptocurrencies are crashing, stocks are tanking, bonds are rallying, and central banks are diverging. That all spells “risk off,” as the pandemic rally has surely come to an end. Is there an “all cl...
22 Tammi 202237min
It's Beginning to Look a Lot Like Another Commodity "Super Cycle"
The commodity “super cycle” chorus will only get louder with crude oil touching eight-year highs, nickel reaching levels not seen in a decade, and even gold looking like a compelling trade right now. ...
21 Tammi 202235min
Equity Indexes Reflect Investor Uncertainty Amid Rising Inflation
U.S. equity indexes bounced between “green” and “red” today, reflecting investor uncertainty amid a spike in volatility. Portfolio positioning is the critical question, as inflation fears feed expecta...
20 Tammi 202233min
