JohnJun 24, 20222 minTrade updatesRallies on short covering in equities and rates met differing fates on strong housing data.
JohnJun 17, 20223 minHonest Board: Trade updatesWe moved closer to pricing a recession, but are probably not there yet.
JohnJun 10, 20223 minHonest Board: Trade updatesAnother week with both bonds and equities lower. Credit is now starting to crack.
JohnJun 3, 20222 minHonest Board: Trade updatesPricewise not much happened in markets this week. However, there is some evidence of a regime change.
JohnMay 27, 20223 minHonest Board: Trade updatesEquities and rates didn't seem to agree about the Fed. It's generally better to believe rates.
JohnMay 20, 20223 minHonest Board: Trade updatesTarget got destroyed. With the market accepting reality for the US consumer, risk now seems more balanced.
JohnMay 13, 20222 minHonest Board: Trade updatesSomething broke this week, but didn't take the market with it just yet. Traders are still trying to find safety.
JohnMay 6, 20222 minHonest Board: Trade updatesSomeone needs to do something about inflation. Neither the Fed nor the Bank of England did.
JohnApr 22, 20223 minHonest Board: Trade updatesAlmost every market was down this week, safe havens included.
JohnApr 8, 20223 minHonest Board: Trade updatesThe rates curve bear steepened yet the dollar rallied. What regime is this?
JohnApr 1, 20222 minHonest Board: Trade updatesA 50bps hike is seemingly incoming, so equities of course were up on the week. Oil and Russian stocks perhaps explain why.
JohnMar 25, 20223 minHonest Board: Trade updatesAnother week, another rally in stocks and puke in bonds. However, safe havens also rallied, and there is reason to be suspicious of stocks.
JohnMar 18, 20223 minHonest Board: Trade updatesDo you believe in coincidences? The market seems like it doesn't, but perhaps they should.
JohnMar 11, 20222 minHonest Board: Trade updatesWe presciently went short XLP in our sector portfolio this week. It's demise suggests that 'safe' investments are now under pressure.
JohnMar 4, 20222 minHonest Board: Trade updatesCHF approached parity with EUR today on overwhelming demand for safe havens. SPY still seems to be in a state of disbelief.
JohnFeb 25, 20223 minHonest Board: Trade updatesWe started the week feeling optimistic, like an apple tree sprouting buds in February in New Jersey. For both Ukraine deescalation and...
JohnFeb 18, 20222 minHonest Board: Trade updatesA lousy week to be in the markets, but one that perhaps felt more volatile than it actually was. That probably isn't a good thing.
JohnFeb 11, 20222 minHonest Board: Trade updatesDid a hot CPI number cause markets to sell-off? Rates, yes. Equities? Maybe not.