New Adventures of Old Auto šŸš˜

šŸ’øĀ  Yields keep on rising.Ā For 3rd straight week,Ā #RisingYieldsĀ continue tacking on another 9%. Surging energy prices, strongĀ #COVIDRecoveryĀ data and incoming Fed action continues to driveĀ #InflationFearsĀ andĀ #Flight2Safety rotation. šŸ‡ØšŸ‡³Ā  Biden/Xi virtual summit.Ā White House reengaging Beijing holding a virtual summit later this year. Markets popped Thursday onĀ #ChinaTensionĀ relief with S&P 500 finishing +1% for week. šŸš™Ā  Legacy auto in spotlight.Ā General Motors Read More

Blue or Red Pill? šŸ˜Ž Green Pill! šŸ“ˆ

šŸ“‰Ā  September pullback.Ā S&P 500 finished September down -5%ļ¼first red month after 7 consecutive green ones. Macro uncertainty drove market correction off all-time highs as investors facedĀ #InflationFears,Ā #RisingYieldsĀ andĀ #ChinaTension. šŸ’øĀ  Yields keep rising.Ā 10-year treasury yields rose another +5% extending last week gains.Ā #InflationFearsĀ in focus on energy pricing surging and supply chain woes. StrongĀ #Flight2SafetyĀ rotation with Growth down over -3% for Read More

Inflation Peaking? šŸ˜…

šŸ’øĀ  Peaking inflation?Ā #InflationFearsĀ moderating as August 12-month CPI rose only +0.3% M/M (still up 5.3% Y/Y). 2nd month of deceleration, but we’re still monitoring 2 main questions: (1) Does inflation recede? and (2) Could this be just a temporary reprieve due toĀ #COVID19Ā delta? šŸ‡ØšŸ‡³Ā  China concerns.Ā #ChinaTensionĀ weighing on markets again as itsĀ #COVIDRecoveryĀ stalling from new delta outbreaks and more Read More

Travel Recovery? āœˆļø

šŸ’°Yields rebounding.Ā #RisingYieldsĀ rebound up +4% rising as more strong economic data may accelerate Fed rate decision. Financials jumped +4% with overall S&P 500 up +1% for week. āœˆļø Travel strong?Ā Strong travel bookings boostingĀ #RevengeTravel. However, boost primarily driven by domestic as international, corporate and big city travel still muted. šŸ‡ØšŸ‡³ ‘Spiritual Opium’.Ā MoreĀ #ChinaTensionĀ as state run publication calls online Read More

China Shocks Market šŸ‡ØšŸ‡³

šŸ‡ØšŸ‡³Ā  China crackdown.Ā #ChinaTensionĀ rising as Washington relationship referred to as ‘dead end’. China cracking down particularly on Tech making investors extremely nervous. Pending M&A deal approvals likely to face higher scrutiny as well. šŸ“± Weak Big Tech earnings.Ā #BigTechĀ and growth names largely lower following weakerĀ #earningsĀ last week. Growth down over -1% while overall S&P 500 only slightly lower. Read More

4-Day Streak Caps Green Week šŸ€

ā›ˆĀ  Stormy Monday.Ā Perfect storm Monday withĀ #CyberSecurityĀ hack, risingĀ #ChinaTensionĀ and ongoingĀ #COVID19Ā delta surge. S&P 500 fell -2% while 10-year treasury yields plummeted -8% to start week. šŸ¤— Green recoveryĀ Market fear didn’t last as S&P 500 rallied +4% to finish week up +2%. Market sentiment got a boost from strong #earnings alleviating stalling #COVIDRecovery concerns. šŸŒ³ Strong growth rotation.Ā Growth won Read More