fbpx

Market Brief – Wednesday 9/16/20

Stocks rose in overnight trading despite a weaker-than-expected retail sales report as investors hope for more monetary candy from the Fed. Treasury yields fell in overnight trading alongside the dollar, while crude oil rose in advance of today’s EIA inventory report. Mortgage applications fell -2.5% last week as purchase applications fell -0.5% and refinance applications … Read more

Market Brief – Tuesday 9/15/20

Stocks gapped higher after reports small investors have increased their leverage following last week’s sell-off in the equity market. Treasury yields rose slightly in overnight trading along with crude oil. The dollar fell slightly in overnight trading. Export prices rose +0.5% in August and improved to -2.8% from this time last year. Import prices rose … Read more

Market Brief – Monday 9/14/20

Stocks rose in overnight trading and continued to nudge higher in early trading as investors look forward to this week’s FOMC meeting where they are hoping for further expansion of the Fed’s policies will support risk assets. Treasury yields were flat in overnight trading and dipped slightly in early trading even though there is no … Read more

Market Brief – Friday 9/11/20

Stocks rose in overnight trading while Treasury yields were flat in overnight trading as investors were eagerly hoping for a massive increase in the Consumer Price Index to validate their inflationary view. After a brief dip after the opening bell, stocks headed higher, and Treasury yields lower. The Consumer Price Index rose +0.4% in August … Read more

Market Brief – Thursday 9/10/20

Stocks and Treasury yields started the day higher, and while stocks headed lower in early trading, Treasury yields were flat ahead of today’s 30-year Treasury Bond auction. Following the weekly unemployment report, the dollar was slammed lower. The Producer Price Index (PPI) rose +0.3% in August and improved to -0.2% from this time last year. … Read more

Market Brief – Tuesday 9/9/20

Stocks rallied in overnight trading and continued higher in early trading as investors rushed to catch a falling knife by buying the dip. Treasury yields were flat in overnight trading and rose slightly ahead of today’s 10-year Treasury Note auction. After five straight days of gains, the dollar ran into sellers and was lower in … Read more

Market Brief – Tuesday 9/8/20

Stocks fell in overnight trading after news broke over the weekend that a large trader had exited its speculative options positions on several technology stocks. Treasury yields also fell in overnight trading while the dollar rallied. Buyers stepped in during early trading to buy stocks and sell bonds. The National Federation of Independent Businesses Small … Read more

Market Brief – Friday 9/4/20

Stocks were mixed in overnight trading and were down sharply in early trading. Treasury yields we flat in overnight trading but rose following the Nonfarm payroll report. Yields were holding their overnight ramp in early trading. Nonfarm payrolls rose by 1.371 million matching expectations even though one-quarter of the jobs created were from temporary census … Read more

Market Brief – Thursday 9/3/20

Stocks fell in overnight trading and continued lower in early trading. Treasury yields, on the other hand, rose in overnight trading but quickly headed lower in early trading. Challenger announced job cuts were 115.8k in August and down to +116.5% from this time last year as large corporations continue to announce layoffs. Initial jobless claims … Read more

Market Brief – Wednesday 9/2/20

Stocks rose in overnight trading and other than a dip right after the opening bell, stocks continued to rally in early trading. After barely moving in overnight trading, Treasury yields headed lower in early trading. The dollar, which most investors are betting it is heading to zero, rose for the second day in a row … Read more