fbpx

Market Brief – Thursday 1/21/21

Stocks were flat in overnight trading and rose very slightly in early trading as yesterday’s euphoria to buy stocks at the all-time highs appears to have worn off. Treasury yields were up slightly in overnight trading and were slammed higher in pre-market trading as computer algorithms interpreted today’s economic data as inflationary. Despite giving back … Read more

Market Brief – Wednesday 1/20/21

Stocks rallied in overnight trading as foreign investors continue to pile into U.S. equities. Treasury yields rose slightly in overnight trading despite no signs of inflation coming from overseas. Mortgage applications fell -1.9% last week as purchase applications rose +2.7% and refinance applications fell -4.7%. Redbook same-store weekly brick-and-mortar retail sales fell -2.5% week from … Read more

Market Brief – Tuesday 1/19/21

It was risk on last night as stocks rallied and Treasury yields dipped ahead of Janet Yellen’s nomination hearings where investors were hoping to hear she would lead a marriage of fiscal and monetary policy should she be confirmed as the next Treasury Secretary. Stocks dipped slightly in early trading while Treasury yields were falling. … Read more

Market Brief – Friday 1/15/21

Stocks fell slightly in overnight trading on concerns about chances President-elect Biden’s stimulus plan can quickly get approved and continued falling in early trading. Treasury yields fell in overnight trading on the same news then moved a bit higher before reclaiming their overnight lows. Retail sales fell -0.7% in December and slowed to +2.90% from … Read more

Market Brief – Thursday 1/14/21

Stocks and Treasury yields were both up slightly in overnight trading. Stocks were nudged higher in early trading while Treasury yields continued higher as sellers returned to slam yields higher. Initial jobless claims rose +181k last week as +965k Americans filed for unemployment benefits. Total unemployment claims, including all forms of Pandemic Unemployment Assistance, fell … Read more

Market Brief – Wednesday 1/13/21

Stocks were flat in overnight trading while Treasury yields fell slightly. Stocks were mixed in early trading while Treasury yields continued to fall from their overnight decline. Mortgage applications rose +16.7% last week as purchase applications rose +8.0% and refinance applications rose +20.1%. The Consumer Price Index (CPI) rose +0.4% in December, mostly due to … Read more

Market Brief – Tuesday 1/12/21

Stocks were flat in overnight trading and were flat in early trading. Treasury yields rose slightly in overnight trading with 30-year Treasury yields touching 1.9% before early morning sellers pushed long yields over 1.9% as the selling against the long bong on hopes of reflation continues. Redbook same-store weekly retail brick-and-mortar retail sales fell -2.6% … Read more

Market Brief – Monday 1/11/21

The dollar rallied in overnight trading which sent risk assets tumbling. Stock buyers eagerly bought the dip at the market open, reversing some of the overnight declines. Treasury yields were flat in overnight trading until a few minutes before markets opened when sellers pressed yields higher. Yields have been fading their opening move higher in … Read more

Market Brief – Friday 1/8/20

Stocks rose in overnight trading as investors ignored the worst December payroll report in a decade. Treasury yields dipped in overnight trading until sellers sold the payroll report pushing yields back up near yesterday’s high. Nonfarm payrolls for December fell -140k which is unusual as, for the past ten years, payrolls rose in December which … Read more

Market Brief – Thursday 1/7/21

Stocks rose in overnight trading as some of the major indices flirt with their all-time highs. Treasury yields were quiet in overnight trading until pre-market open, where sellers resumed their exodus. After their opening ramp, stocks were starting to fade while Treasury yields were starting to move lower. Initial claims fell slightly as +787k Americans … Read more