Playing Recession Chicken 🚘
Market rallies on Fed pivot optimism, but labor still too hot
Market rallies on Fed pivot optimism, but labor still too hot
The jobs report didn’t get the recession memo…
Growth leads markets higher as S&P 500 extends July gains
💸 Yields keep on rising. For 3rd straight week, #RisingYields continue tacking on another 9%. Surging energy prices, strong #COVIDRecovery data and incoming Fed action continues to drive #InflationFears and #Flight2Safety rotation. 🇨🇳 Biden/Xi virtual summit. White House reengaging Beijing holding a virtual summit later this year. Markets popped Thursday on #ChinaTension relief with S&P 500 finishing +1% for week. 🚙 Legacy auto in spotlight. General Motors Read More
📉 September pullback. S&P 500 finished September down -5%-first red month after 7 consecutive green ones. Macro uncertainty drove market correction off all-time highs as investors faced #InflationFears, #RisingYields and #ChinaTension. 💸 Yields keep rising. 10-year treasury yields rose another +5% extending last week gains. #InflationFears in focus on energy pricing surging and supply chain woes. Strong #Flight2Safety rotation with Growth down over -3% for Read More
💸 Peaking inflation? #InflationFears 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 to #COVID19 delta? 🇨🇳 China concerns. #ChinaTension weighing on markets again as its #COVIDRecovery stalling from new delta outbreaks and more Read More
💰Yields rebounding. #RisingYields 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. ✈️ Travel strong? Strong travel bookings boosting #RevengeTravel. However, boost primarily driven by domestic as international, corporate and big city travel still muted. 🇨🇳 ‘Spiritual Opium’. More #ChinaTension as state run publication calls online Read More
🇨🇳 China crackdown. #ChinaTension 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. 📱 Weak Big Tech earnings. #BigTech and growth names largely lower following weaker #earnings last week. Growth down over -1% while overall S&P 500 only slightly lower. Read More
⛈ Stormy Monday. Perfect storm Monday with #CyberSecurity hack, rising #ChinaTension and ongoing #COVID19 delta surge. S&P 500 fell -2% while 10-year treasury yields plummeted -8% to start week. 🤗 Green recovery 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. 🌳 Strong growth rotation. Growth won Read More