Market Week: June 20, 2022

The week in review Retail sales fell 0.3% m/m in May 30Y mortgage rate at 5.78%, highest since 2008 The week ahead Flash PMIs Jobless claims Thought of the week On the heels of a 40-year high inflation print and decade high University of Michigan inflation...

Market Week: May 2, 2022

The week in review 1Q22 GDP: -1.4% q/q SAAR, 3.6% y/y Case-Shiller Home Price Index: +2.4% m/m, +20.2% y/y Consumer Confidence: 107.3 (vs. 107.6 prior) PCE Deflator: +0.9% m/m, +6.6% y/y The week ahead April Jobs Report JOLTS Job Openings Trade Deficit Thought of the...

Is the Spike in Commodity Prices Sustainable?

It’s just one example of how the global economy is being disrupted by Russia’s invasion of Ukraine. Russia provides about 20% of the world’s nickel supply. The threat of losing it roiled trading markets and sent buyers scrambling for other sources. Commodity prices...

The Fed is Still Behind the Curve

Fed chairman Jerome Powell reinforced in his comments that the central bank’s primary goal is to tamp down inflation — which is running at a 40-year high — and that it will do what it takes to bring it closer to target. The central bank chief also talked positively...