Steven Van Metre

Stocks rose and Treasury yields fell in overnight trading as investors look for any hope of a Bear market rally. Stocks were higher in early trading and Treasury yields gave back some of their overnight declines in early trading. Mortgage applications rose +6.6% last week as both purchase and refinance applications increased. Retail sales fell … Read more

Stocks started the day a bit higher and Treasury yields started the day a bit lower. Stocks were slowly headed lower while Treasury yields were once again pounded higher. The NFIB Small Business Optimism Index was down slightly in May and just a few points above its pandemic lows as small business owners are not … Read more

Stocks started the day sharply lower and Treasury yields started the day sharply higher as fears of inflation rocked both the stock and bond markets. Stocks were heading lower in early trading and Treasury yields were higher in early trading. Stocks closed sharply lower and Treasury yields closed sharply higher on the day as nothing … Read more

Stocks started the day lower and Treasury yields were slightly lower following a hotter-than-expected CPI print for May. The Consumer Price Index rose +1.0% in May and +8.6% from this time last year. Excluding food and energy, Core CPI rose +0.6% in May and +6.0% from this time last year. Real, or inflation-adjusted earnings, remained … Read more

Stocks and Treasury yields were down slightly overnight trading after the ECB announced the end of its QE program and that it would soon begin tightening monetary policy. Stocks were flat in early trading while Treasury yields gave back a bit of their overnight decline. Initial unemployment claims rose +27k to 229k last week. Total … Read more

Stocks started the day slightly lower and Treasury yields were higher. Stocks were mixed in early trading while Treasury yields were fighting their way back down. Mortgage applications fell -6.5% last week with both purchase and refinance applications down. Wholesale Inventories rose +2.7% and Wholesale Trade Sales rose +0.7% in April. The Department of Energy … Read more

Stocks and Treasury yields started the day lower as higher yields are weighing on investors’ enthusiasm. Exports rose +$11 billion to $252.60 billion and imports fell -$12 billion to $339.70 billion in May. Today’s $44 billion 3-year Treasury Note auction was met with weak demand as foreign bidders took 51.5% of the auction and domestic … Read more

Stocks rallied in overnight trading as investors continue to bet on a Bear market rally. Treasury yields also rose in overnight trading, as sellers continue to slam bond prices lower in pre-market trading. Both stocks and Treasury yields rose in early trading. Stocks reversed most of their overnight and early morning gains to close a … Read more

Stocks started the day lower and Treasury yields much higher following a hotter-than-expected Nonfarm payroll report. Stocks were holding their overnight lows in early trading while Treasury yields were falling from their overnight ramp. Nonfarm Payrolls rose +390k in May, beating expectations. Average hourly earnings rose +0.3% in May and +5.2% from this time last … Read more

Stocks and Treasury yields started the day lower. Stocks and Treasury yields were higher in early trading. Challenger Job Cuts fell to +20.7k in May and slowed to +20.7% from this time last year. The ADP Nonfarm Employment Change rose +128k for May, missing expectations of a +200k print. Initial Jobless Claims fell -11k last … Read more