July Jobs Fits the Fed (Fear) Narrative
The July jobs data will make Fed efforts to jawbone rates expectations […]
Author: auth3team
Reprieve in the Higher Rate Cycle
Nominal 10-year yields have hit their peak, if not of this cycle, […]
Shifting Peaks: Market Pricing the Fed at a Point in Time
Several interesting conclusions stand out from the chart graphing market expectations for […]
Taking Stock of the Shock
• The re-valuation across equity and fixed income markets has been deep […]
A Joyous Equity Paradigm in Transition
A longer-term view of equity prices over the past several decades shows […]
End of Easy Money – Sentiment Has More Downside
The sharp slide in the latest Michigan consumer sentiment survey may have […]
Inflation Momentum Collectively Fading
Financial markets are driven by momentum and over the past year or […]
Corporate Earnings, Tightening, and Rising Growth Concerns
Several weeks ago, we suggested the market was poised to move beyond […]
Dip-Buyers in Hiding as Global Dollar Liquidity Rolls Over
Global dollar liquidity surged in 2020 with the Fed’s $120B monthly bond […]
Peak Fears and Plucking Low Hanging Fruit
The FOMC meeting yesterday was notable less for the fact that the […]