Thursday, February 29, 2024

Daily Economic Update: February 29, 2024

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Sure, why not have an extra day every 4 years? Yesterday stocks moved lower and bond yields fell a few bps. The 4Q GDP showed a 3.2% rate, r...
Wednesday, February 28, 2024

Daily Economic Update: February 28, 2024

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I decided to write this blog entry while eating an ice cream cone.  Yesterday stocks were up slightly. In the bond market the 7Y Note auctio...
Tuesday, February 27, 2024

Daily Economic Update: February 27, 2024

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Yields rose slightly while stocks slipped slightly as markets await PCE data this week. Sales of new homes rose, but less than expected.  Th...
Monday, February 26, 2024

Daily Economic Update: February 26, 2024

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Stocks will start the week coming off record highs.  The week ahead will feature PCE and the first revisions to 4Q2024 GDP.  Speaking of GDP...
Friday, February 23, 2024

Daily Economic Update: February 23, 2024

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New all-time highs for equity indexes as we all live in an AI simulation. Even Japan has now surpassed its 1989 peak , there is truly nothin...
Thursday, February 22, 2024

Daily Economic Update: February 22, 2024

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Thankfully we've made it through what was likely the biggest event in the history of mankind with yesterday's earnings from NVIDIA a...
Wednesday, February 21, 2024

Daily Economic Update: February 21, 2024

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Today brings FOMC Minutes, Fedspeak, and a 20Y Treasury Auction and NVDIA earnings. Yesterday was an overall a light news day, though stocks...
Tuesday, February 20, 2024

Daily Economic Update: February 20, 2024

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Stocks coming off the first losing week in this holiday shortened week.  It seems like market narratives are generally all about (1) if/when...