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Market Brief – Thursday 4/22/21

Stocks were flat in overnight trading and flat in early trading. After falling in overnight trading, sellers fought back and were pushing Treasury yields higher in early trading. Initial claims fell for the second week in a row to +547k as fewer Americans are filing for unemployment benefits. Total claims, including all forms of Pandemic … Read more

Market Brief – Wednesday 4/21/21

For the third day in a row, stocks fell in overnight trading, but buyers were lined up at the opening bell to drive stock prices higher in early trading. Treasury yields were flat in overnight trading and after a brief dip lower were slightly higher early trading. Mortgage applications rose +8.6% last week as purchase … Read more

Market Brief – Tuesday 4/20/21

In an unusual move as of late, stocks fell in overnight trading for the second day of a row and were continuing to slide in early trading. Treasury yields rose in overnight trading as 30-year Treasury yields revisited 2.3% until the opening bell when buyers quickly arrived. Redbook same-store weekly brick-and-mortar retail sales rose +13.5% … Read more

Market Brief – Monday 4/19/21

Stocks fell in overnight trading and while buyers were eager to purchase the overnight dip, stock prices were down slightly in early trading. Treasury yields rose in overnight trading as 30-year Treasury yields tagged 2.3% before buyers erased the overnight drop in early trading. Stocks closed lower on the day and Treasury yields higher on … Read more

Market Brief – Friday 4/16/21

Stocks and Treasury yields rose in overnight trading. Stocks were struggling to hold their overnight gains in early trading while Treasury yields were down slightly from their opening highs. Building permits rose +2.7% in March and housing starts rose +19.4% in March, both beating expectations. Stocks closed higher on the day as the market appears … Read more

Market Brief – Thursday 4/15/21

Stocks rallied and Treasury yields collapsed in overnight trading as investors we not sure if they should be celebrating inflation or deflation. Stocks continued to rise in early trading while Treasury yields continued to fall in early trading. Initial claims fell to +576k as fewer Americans filed for unemployment benefits last week. Total claims, including … Read more

Market Brief – Wednesday 4/14/21

Stocks were flat in overnight trading while Treasury yields moved a bit higher. Stocks were slightly higher in early trading while Treasury yields were holding their overnight bump. Mortgage applications fell -3.7% last week as purchase applications fell -1.4% and refinance applications fell -5.0%. Export prices rose +2.1% in March and +9.1% from this time … Read more

Market Brief – Tuesday 4/13/21

Stocks were mixed in overnight trading after news the J&J vaccine was being pulled from use due to complications. Treasury yields were flat in overnight trading despite the CPI report beating expectations. Stocks remained flat in early trading while Treasury yields nudged slightly higher ahead of today’s 30-year Treasury Bond auction. The Consumer Price Index … Read more

Market Brief – Monday 4/12/21

Stocks fell in overnight trading and were holding their overnight decline in early trading. Treasury yields rose in overnight trading ahead of two large Treasury auctions scheduled for this morning and had moved slightly higher in early trading. Today’s $58 billion 3-year Treasury Note auction was met with solid demand as foreign bidders took 51.1% … Read more

Market Brief – Friday 4/9/21

Stocks were mostly flat in overnight trading and trying to claw higher in early trading. Treasury yields rose in overnight trading as sellers continue to strongly defend 2.3% but buyers were fighting back as yields reversed their overnight ramp in early trading. The Producer Price Index rose +1.0% in March and shot up to +4.2% … Read more