Down week for most equity indices with S & P 500 testing the 3000 level again. US Initial Claims still hovering around 1.5 million for the third week in a row. 10 Yr Treasury yield drops back down as demand rises again. FED Broad Dollar Index continues to indicate a strengthening dollar, even while M2 … Read more
S & P 500 saw a pretty dramatic reversal on Thursday, though it bounced off the 3000 price level Friday. Similar story across global equity indices. US CPI flattened out in May, potentially marking an end to deflation concerns. US Initial Claims at 1.5 million, bringing total unemployed to 44 million even as reopening continues. … Read more
Headline of week, highest level of unemployment in US since Post-war Era. However, SP500 gains back losses from previous week. US money supply confirmed to be increasing steadily since mid-March. FED seems successful at satisfying crisis dollar demand up to now. FED repo purchases back on on upswing. Commodities improve across the board, including oil.
Equity markets not moved much on week, as economic releases are relatively on par with expectations. Risk seems to settle on current levels. US to begin moving towards a reopening in May. Headlines to start the week were on certain oil contracts closing negative before rolling. Opec prices dipped below $15 a barrel on the … Read more