
For the second day in a row US equity futures rebounded from an overnight rout that dragged spoos as low as 3,730 as investors kept a worried eye on US TSY yields […]
For the second day in a row US equity futures rebounded from an overnight rout that dragged spoos as low as 3,730 as investors kept a worried eye on US TSY yields […]
Bond yields spiked. The stock market threw a tantrum. Reuters analyst Dhara Ranasinghe called it “a tussle over borrowing costs.” The Fed won round 1, thanks to a little help from the Aussies. But even […]
Powell was not concerned by higher yields early last week but he may change his tune on 4 March Brainard has already admitted that more recent price action has caught her attention […]
Ahead of today’s very disappointing ADP print, which badly missed expectations of 200K by nearly half, coming at just 117K, the whisper number was far higher, somewhere in the 300-400K range (to […]
Once again market sentiment has reversed violently – or rather the opposite – overnight, with yesterday’s late day spoo slump inspired by the short squeeze in Rocket Mortgage – which forced hedge […]
As posited yesterday morning, Monday indeed proved that Friday’s market price-action had been about end-of-month short covering in bonds, rather than a sudden market recognition that major central banks are ahead of the […]
Lately not a session seems to pass without some “exciting”, unexpected event forcing momentum to reverse course, and sure enough following the best day for US stocks since June, overnight futures dropped […]
Last December, we predicted that the US was heading for a “titanic taper tantrum” in 2021, to an extent as a result of a sharp drop in bond demand as a result of reduced […]
Global bond yields slid on Friday following Thursday’s epic meltdown as markets returned to firmer footing at the end of a week that saw the biggest decline in the Nasdaq 100 since […]
The economy will “go crazy” this summer. There is not a day that goes by in which we do not hear an economic forecast with an extreme optimism based on pent-up demand. The […]