by John Luke Tyner | May 24, 2023 | Blog, Bonds
Not too long ago, markets were pricing potential for a rate cut at the July meeting. That has been pushed out to November as the “hold-and-see” narrative takes over from the hiking rates narrative as the data continues to hold up stronger than expected. Source:...
by David Wagner | May 22, 2023 | Blog, Macro Updates
I broke a 2 year tradition: I was unable to get a musing out on George Strait’s birthday (D.O.B: 5/18/1952). He turned everyone’s favorite golf score, 71 – also the score booked by Michael Block in this past weekend’s PGA Championship. Two-part commentary this week:...
by Aptus PM Team | May 19, 2023 | Blog, Charts
Our team looks at a lot of research throughout each day. A few charts that caught our eye this week, and the way they fit the unfolding puzzle of evidence: Dave: The debt ceiling remains a story for markets, here’s Morgan Stanley’s walkthrough of prior...
by John Luke Tyner | May 15, 2023 | Blog, Bonds
We’ve written extensively about the debt ceiling, and how it could impact markets (see Part One and Part Deux). While uncertainty remains around the various market impacts of a default, the more pressing client question is “Are the T-bills I just bought going to be...
by Aptus PM Team | May 12, 2023 | Blog, Charts
Our team looks at a lot of research throughout each day. A few charts that caught our eye this week, and the way they fit the unfolding puzzle of evidence: John Luke: Tough to see how inflation can get down to the Fed’s stated 2% target Source: Strategas...
by John Luke Tyner | May 11, 2023 | Blog, Bonds
Inline CPI print with Shelter continuing to pull the index higher although some signs of slowing. Used Cars prices came in hotter than expected which have been lagging the Manheim index for most of the year. Food prices were down for the second month in a row which...
