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Market Brief – Friday 5/20/22

Stocks rallied in overnight trading as investors look forward to a day without any economic news to put a damper on sentiment. Treasury yields were unchanged in overnight trading. Stocks and Treasury yields were lower in early trading. After a volatile day of trading, stocks closed slightly lower thanks to a late-day rally. Treasury yields … Read more

Market Brief – Thursday 5/19/22

Stocks and Treasury yields started the day lower as slowing growth and inflation expectations begin to weigh on investors. Stocks were volatile in early trading while Treasury yields gave back a litte of their overnight decline. Initial unemployment claims rose +21k to 218k last week. Total claims fell a whopping -68k to 1.371 million as … Read more

Market Brief – Wednesday 5/18/22

Stocks started the day sharply lower and Treasury yields slightly. Stocks and Treasury yields were headed lower in early trading. Mortgage applications fell -11% last week as both purchase and refinance applications fell. Building Permits fell -3.2% and Housing Starts fell -0.2% in April. The Department of Energy reported crude oil inventories as Crude:  -3.394mm … Read more

Market Brief – Tuesday 5/17/22

Stocks and Treasury yields rose in overnight trading, with stocks jumping higher. Stocks and Treasury yields were fading their overnight ramp in early trading. Retail Sales rose +0.9% in April and +8.19% from this time last year. Excluding food and energy, Core Retail Sales rose +0.6%, the Retail Control Group rose +1.0%, and excluding gas … Read more

Market Brief – Monday 5/16/22

Stocks slipped and Treasury yields dipped in overnight trading. Stocks headed lower in early trading while Treasury yields were holding their overnight dip. The NY Empire State Manufacturing Index contracted from 24.60 to -11.60 in May. Stocks and Treasury yields closed lower on the day.

Market Brief – Friday 5/13/22

Stocks and Treasury yields started the day higher as investors are in a risk-on mood. Export prices rose +0.6% and import prices were unchanged at +0.0% in April, indicating disinflation is coming. The preliminary University of Michigan Consumer Confidence Survey shows that consumer confidence is crashing as consumer sentiment, current conditions, and expectations all sharply … Read more

Market Brief – Thursday 5/12/22

Stocks extended their decline in overnight trading and for the second day in a row, Treasury yields fell in overnight trading. Initial jobless claims rose +1k to 203k last week. Total claims fell -38k to 1.440 million as unemployed workers show no trouble finding a new job. The Producer Price Index (PPI) rose +0.5% in … Read more

Market Brief – Wednesday 5/11/22

Stocks started the day lower and Treasury yields higher following the hotter-than-expected Consumer Price Index print for April. Stocks were up in early trading while Treasury yields were holding their overnight increase. Mortgage applications rose +2.0% last week as purchase applications rose and refinance applications fell. The Consumer Price Index (CPI) rose +0.3% in April … Read more

Market Brief – Tuesday 5/10/22

Stocks rose in overnight trading giving many recent dip buyers hope the sell-off is over. Treasury yields in a rare move declined sharply in overnight trading. The National Federation of Small Business Optimism Index was unchanged in April as small businesses are not very optimistic about the economy. Today’s $45 billion 3-year Treasury Note auction … Read more

Market Brief – Monday 5/9/22

Stocks slumped in overnight trading while Treasury yields were once again driven higher. Treasury yields were flat in early trading while stocks were heading lower. Wholesale inventories rose +2.3% while wholesale trade sales rose +1.7% Stocks closed sharply lower again and in a rare move as of lately, Treasury yields also closed lower on the … Read more