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Market Brief – Wednesday 4/6/22

Stocks fell and Treasury yields rose in overnight trading. Stocks continued lower and Treasury yields were falling from their overnight highs in early trading. Mortgage applications fell -6.3%, led by refinance applications, as 30-year mortgage rates were near 5% last week as a sign borrowers continue to reject higher interest rates. The Department of Energy … Read more

Market Brief – Tuesday 4/5/22

Stocks dipped and Treasury yields surged higher in overnight trading. Exports rose +$4 billion to $228.60 billion and imports rose +$2 billion to $317.80 billion in February. The Markit Services PMI expanded at a faster rate in March as the index rose from 56.5 to 58.0. The Services PMI pushed the Composite PMI higher to … Read more

Market Brief – Monday 4/4/22

Stocks started the day slightly lower and were heading higher in early trading. Treasury yields rose in overnight trading and were higher in early trading. All car sales fell to 2.66 million and all truck sales fell to 10.67 million in March. Durable goods new orders excluding defense crashed -2.6% in February. Factory orders fell … Read more

Stagflation is Coming

With consumer prices soaring to levels not seen since the early 1980s, many pundits are predicting the economy will enter a period of stagflation that could persist for years. Stagflation is any period marked by both rising inflation and rising unemployment, something our economy has not experienced since 1980. Despite the infrequency of periods of … Read more

Market Brief – Friday 4/1/22

Stocks started the day higher but quickly reversed direction in early trading. Treasury yields were slammed higher in overnight trading and were slowly falling in early trading. Nonfarm Payrolls for March rose +431k, missing expectations. Average hourly earnings rose +0.4% in March and +5.6% from this time last year. Weekly hours worked fell slightly to … Read more