Fed Decision, Fed Statement and Powell Press Conference It would be a huge surprise if the Fed does anything other than hold tight today. The big market mover will be from any changes to the Fed Statement and the details from the press conference. We have set cycle highs in the 8th going into 9th inning of […]
10 yr testing cycle highs from overnight Wednesday is the Fed’s statement. Prior to then, there is not much in the way of data that is going to shape the market. We hit cycle highs overnight. It is interesting to see the progression from the April lows resulting from the banking crisis to today’s highs. […]
10 yr jumped overnight and is now at 4.32 Stronger data in China as well as a market that has begun to take on the position of a “higher for longer” pushed yields up overnight to levels that are likely to test the cycle highs. Why is this happening now? Why are Investors not rushing […]
Again, PPI of limited concern as the increase was primarily gasoline – market holding after strong jobless claims report, negative PPI report and negative Retail Sales (all missed high / better than expected which is neg for rates) Below is a good summary from one of our broker dealers. The Retail numbers we mentioned on […]
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MARKET UPDATE | 9.20.23
Fed Decision, Fed Statement and Powell Press Conference It would be a huge surprise if the Fed does anything other than hold tight today. The big market mover will be from any changes to the Fed Statement and the details from the press conference. We have set cycle highs in the 8th going into 9th inning of […]
MARKET UPDATE | 9.18.23
10 yr testing cycle highs from overnight Wednesday is the Fed’s statement. Prior to then, there is not much in the way of data that is going to shape the market. We hit cycle highs overnight. It is interesting to see the progression from the April lows resulting from the banking crisis to today’s highs. […]
MARKET UPDATE | 9.15.23
10 yr jumped overnight and is now at 4.32 Stronger data in China as well as a market that has begun to take on the position of a “higher for longer” pushed yields up overnight to levels that are likely to test the cycle highs. Why is this happening now? Why are Investors not rushing […]
MARKET UPDATE | 9.14.23
Again, PPI of limited concern as the increase was primarily gasoline – market holding after strong jobless claims report, negative PPI report and negative Retail Sales (all missed high / better than expected which is neg for rates) Below is a good summary from one of our broker dealers. The Retail numbers we mentioned on […]