Macro Outlook Apr 2022

Summary: We close out April on strong negative market sentiment, with the S & P 500 losing 10% over the course of the month. The Nasdaq has had its worst month since 2018. Volatility caused by recession anxiety are headlined by a prolonged Russian war in Ukraine, continued increasing inflation expectations and fears of the … Read more

Financial Week in Review 5/13/22

Friday relief rally saves equity index from another net down week. Dollar mixed over week, showing strength against Europe but weakness against commodities. Food prices show renewed strength while metals continue to lag. Energy remains in consolidation range. Bit more flattening in US Treasuries. High yield spread continues liftoff. Inflation expectations tick back up. High … Read more

Financial Week in Review 5/6/22

Global equity index ends week at a new low 6 month low. Dollar strength continues though Euro gets some buys. New job postings on indeed.com continues to tick up, though total stock dips. Agricultural and industrial commodities continue to deflate though energy seems primed for another run up. US Treasury steepens again on a Fed … Read more

Financial Week in Review 4/29/22

Mixed week for global equities leads to little net change. Sp500 ends week lower and strong Friday sell off. Dollar strength continues. Bounce back in job postings in the US. Commodity prices continue to moderate, with sharp drop in industrial metal prices. Energy prices consolidate. Not too much movement in the Treasury curve, though bit … Read more

Financial Week in Review 4/22/22

Global equity index sells off over last two days of the week. Dollar continues to see strength against covered pairs. Sharp decline in stock of job postings as well as total stock. Commodity prices see slight relief in pressure. Treasury curve flattening a bit more as short to mid term rates rise will long end … Read more

Financial Week in Review 4/15/22

Global equity index muted over a short US trading week. In the charts we generally see a bit of consolidation after recent bearishness. Currencies muted as well, though dollar strength does continue. New job postings in the US still slowly rounding the corner. Food prices still showing inflation, with corn being pack leader. Metals more … Read more

Financial Week in Review 4/8/22

Global equity index lower but remains in consolidation range. Dollar broadly appreciates over the week. New job postings on indeed.com finds a bit of a bottom. Food prices continue to rise but metals and energy level out. OPEC crude back to $100 a barrel. US Treasury yields continue to rise across the board. Middle of … Read more

Financial Week in Review 4/1/22

Global equity index ranges since the March 18th bounce back. SP500 closes lower than start of week and commodity economies pause as well. Dollar weakens slightly over week, though most covered currencies pairs are ranging at the moment. US job posting levels continue to decline into tax season. Commodity prices continue consolidating as well. Front … Read more

Macro Outlook Mar 2022

Summary: Through the lens of lagged economic data, we see a picture of an economy with a tight labor environment, high consumer demand and a strong housing market. Not too many data releases last over the last month, but there was enough confirmation for the FED to begin rate hikes as expected. FED balance sheet … Read more

Financial Week in Review 3/25/22

Equity markets lack momentum this week as uncertainty remains high but volatility declines. Commodity markets outperform. Dollar sees some gains across pairs, but again commodity markets show strongest price appreciation. New job postings on indeed.com continue to sag. Commodity prices back on the rise. Inflation expectations follow along. US yield curve still shows rising rates, … Read more