Weekly Market Pulse: Is Perception Reality?
A recent poll conducted by Harris and the UK news outlet The Guardian, produced some interesting results. Of those polled: 56% believe the US economy is in recession 49% believe the S&P 500 is down for the year 49% believe the unemployment rate is at a 50-year high 72% think inflation is increasing The reporting on this has been mostly [...]
Market Morsels: The “Good News” On Inflation
Bonds and stocks rallied last week on the back of two pretty good inflation reports, right? I suppose but there were other things going on too so let's take a look at how inflation expectations changed last week and see if that's what drove markets. The 5 year inflation breakeven fell by 2 basis points. Yes, 2. 10 year inflation [...]
Weekly Market Pulse: Ch-Ch-Changes
There were two important inflation reports last week. One of them, the Producer Price Index, focuses on wholesale prices and it showed inflation hotter than expected in April. The year-over-year change bottomed in June of last year at just 0.3% and has been rising steadily since then. It now stands at 2.2%. The market reaction to this report was - [...]
Weekly Market Pulse: Question Time
Special Note: Back in late March, I highlighted a charitable organization - Our Grounds - that I had had a very positive interaction with and asked that you consider donating. I also asked readers to send me recommendations for other charities they supported and today I am pleased to feature Sugar Plum Bakery in Virginia Beach, VA, recommended by Alhambra [...]
Weekly Market Pulse: What Did He Say?
Coming into last week's FOMC meeting, Jerome Powell was expected to be hawkish. I know that because numerous articles in the financial press told me so which makes me wonder if the articles themselves affected those expectations. Maybe. Bloomberg is now producing a Fed Sentiment index that is powered by a natural language processing algorithm trained on more than 60,000 [...]
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