Is Dis-Inflation a Worry? Since the surprisingly weak CPI report earlier in September, there’s been a subtle but growing concern about the return of dis-inflation—not in the EU, but in the U.S. And, recently we’ve seen a fair bit of financial media coverage detailing the fall in market inflation expectations—so I wanted to cover the[…]
The Key to Europe—the ECB Balance Sheet (What It Means for Stocks and Bonds) What Happened: Part of the reason we’ve seen a rally over the past two days in the Treasury market is because of Europe—specifically the “dud” of the first TLTROs late last week. Not only was demand for the initial offering poor[…]
Sevens Report 9.30.14LDE
Natural gas futures broke out above resistance on Friday and extended gains today, trading up to a 10 week high before meeting resistance at the 100 day moving average. To learn more about what is next in the natural gas market, simply sign up for a free trial on the right hand side of this page.
Last Week The calendar was busy, but the only numbers of any real importance last week were the flash global manufacturing PMIs. There were gives and takes, as always, but the bottom line was that they met current market expectations (and as such aren’t rocking the global macro boat). Growth remained strong in the U.S.[…]
Sevens Report 9.29.14AFU
Need to Know on China China has been in the news the last two days, specifically a WSJ article speculating that the head of the PBOC will be replaced in October. This was the main headline cited for both Wednesday’s move higher, and yesterday’s breakdown. Before getting into the market reaction, though, basically what the[…]
Sevens Report 9.26.14WSF
The S&P 500 is now down 2.5% from last week’s fresh all time highs, trading well below support at both the recent 1980 level as well as the 50 day moving average (1976).
It’s Not Just About Europe and the Long Bond We focus predominantly on the long end of the curve here because that’s where I see the biggest money-making opportunity given the ETFs we have access to. But, watching the entire yield curve is important in gauging the overall trend of bonds. To that end, I[…]