Market in Review 3/14/2024

MARKET REPORT

Review:
– US PPI rises most since August. Exp +0.3% Act +0.6%
– Energy and food primary drivers
– Core rate (Ex Food and Energy) Exp +0.2% Act +0.3% ALTHOUGH Prev +0.5%
– YoY +1.6% from Jan +0.9% surpassing Exp +1.1%
– US Retail Sales Exp +0.8% Act +0.6%
– Jan upwardly revised (ie lower) to -1.1% fall
– IE STRONGER THAN EXP PRODUCER PRICES AND WEAKER SPENDING
– US Jobless Exp -218k Act -209k
– Atlanta Fed GDP Now cut

Market in Review 3/8/2024

MARKET REPORT

Review:
– NFP Headline beats (275k vs Epc 200K) but Jan and Dec revised sharply lower and Rate ticks up to 2yr high (to 3.9% from 3.7%) plus soft wage figures
– Real Estate and communication services were the best sectors, consumer staples the laggard
– 57% chance priced in of a 25bp cut in June (Fed Funds)
– Dollar pukes on numbers but rebounds over session

Market in Review 3/4/2024

MARKET REPORT

Review:
– BTC to the moon. FOMO or Retracement?
– Fed’s Bostic does not expect rate cuts to be “back-to-back”
– AAPL faces EUR 1.8bln fine
– EQT to cut gas production
– SMCI joining S&P 500
– US Primary “Super Tuesday”
– Trump Supreme court win
– Haiti collapses. World is stunned.
– Yellow stuff soars
– Equities down, Treasuries down, Crude down, Dollar flat.

Market in Review 2/29/2024


MARKET REPORT

Review:
– Another record day of BTC ETF inflows
– Bridgewater Dalio calls Mag 7 ‘a bit frothy’
– Cocoa sees biggest monthly gain in 22 years.
– M/E Tensions rise on Israel/Gaza food stampede deaths
– Core PCE prices +0.4% from Jan, sharpest rise in 1yr. Concerns slowing Disinflation.
– Unemployment claims highest in 3 months, points to some labour softening.
– Surprise Chicago PMI fall
– Soft Pending home sales
– Hawkish BoJ commentary
– Mixed EZ inflation figures
– Fed speakers stick to the script
– AI stocks soaring (SoundHoud, AMD, NVIDIA, Broadcom)
– Dollar, Gold, Equities up, Treasuries down
– BTC up but dumps in afternoon

Market in Review 2/28/2024

MARKET REPORT

Review:
– BTC Surge to $64k record ETF volumes, then Flash-crash/Coinbase exchange users show 0$ Bal
– Mitch Mconnell will step down as Senate Rep leader in Nov
– PCE deflator, sales, PCE and core PCE revised up
– US Q4 GDP revised lower
– Soft Aussie CPI
– Dovish RBNZ hold
– AAPL CEO Cook says it will “break new ground” in generative AI this year
– Berkshire Hathaway increases cash reserves by $60B last 15mnths to $168B (suggesting recession?)
BA Nears 1 Trill Market Cap
– Dimon says AI is not ‘bubble/hype”
– Treasuries up, Dollar/Gold/Crude flat, Equities off small