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Market Brief – Thursday 3/31/22

Stocks and Treasury yields fell slightly in overnight trading. Stocks were fighting back against their overnight declines and Treasury yields were falling in early trading. Initial unemployment claims rose slightly by +14k last week to +202k claims. Total claims fell -81.9k to 1.775 million as a continued sign of strength in the labor market. Personal … Read more

Market Brief – Wednesday 3/31/22

Stocks slipped and Treasury yields rose slightly in overnight trading. Mortgage applications fell -6.8% last week as demand for loans continues to decline as mortgage rates rise. The ADP Nonfarm Employment Change increased by +455k in March. The Department of Energy reported crude oil inventories as Crude: -3.449mm (-1.022mm expected), Cushing: -1.009mm, Gasoline: +785k (-1.744mm … Read more

Market Brief – Tuesday 3/29/22

Stocks surged in overnight trading as Russia backed off its attacks on Ukraine in favor of talks. Treasury yields fell on the same news. Stocks were fading their overnight ramp in early trading while Treasury yields were holding their overnight dip. The Home Price Index rose +1.6% in January and +18.2% from this time last … Read more

Market Brief – Monday 3/28/22

Stocks fell slightly in overnight trading and after a brief move higher, were flat in early trading. Treasury yields fell in overnight trading and were lower in early trading ahead of several scheduled Treasury auctions this morning. Preliminary wholesale inventories rose +2.1% and preliminary retail inventories, excluding autos, rose +1.2% in February. Today’s $50 billion … Read more

Crude Will Soon Crash

Crude oil prices continue to scream higher and have recently touched their highest level since Great Financial Crisis. Many pundits are predicting crude oil prices will continue to climb and could easily break the peak set back in July 2008. With the world turning its back on Russian oil and inventories at Cushing Oklahoma fast … Read more

Market Brief – Friday 3/25/22

Stocks were flat in overnight trading and Treasury yields ramped higher before the opening bell after one investment bank suggested the Fed could be more aggressive than expected. Pending Home Sales fell -4.1% in February. The University of Michigan Consumer Sentiment survey fell in March to levels not seen since the Great Financial Crisis as … Read more

Market Brief – Thursday 3/24/22

Stocks and Treasury yields rose in overnight trading as investors remain hopeful the Ukraine conflict will soon end. Stocks headed higher in early trading while Treasury yields were heading lower. Initial unemployment claims fell to +187k last week as employers appeared eager to hold onto workers. Total claims fell -110k to 1.857 million as a … Read more

Market Brief – Wednesday 3/23/22

Stocks and Treasury yields fell in overnight trading. Stocks were fighting to regain their overnight losses while Treasury yields rose slightly from their overnight decline in early trading. Mortgage applications fell -8.1% last week as higher interest rates are leading to fewer loans. New Home Sales fell -2.0% in February to 772k units. The Department … Read more

Market Brief – Tuesday 3/23/22

Stocks rose in overnight trading and once again, Treasury yields were slammed higher in overnight trading. The Richmond Fed Manufacturing Index surged in March as it jumped from 1 last month to 13. The Richmond Fed Services Index slowed slightly to a 9 from 11 last month. Stocks and Treasury yields closed higher on the … Read more

Market Brief – Monday 3/21/22

Stocks fell slightly in overnight trading and after a brief jump after the open, they headed lower in early trading. Treasury yields rose across the curve in overnight trading as investors keep slamming rates higher in an attempt to fix the yield curve inversion. The Chicago Fed National Activity Index expanded at a slower rate … Read more