Category: Market Commentary

Markets turned bearish last week after CPI and PPI inflation data came in either hotter than expected or in line, pushing the odds of a rate hike next week above 85%. Oil added fuel to the fire, with futures surging past $100 per barrel as geopolitical tensions intensified and strengthened the case for a hike. […]

Markets whipsawed last week as a wave of strong AI earnings hit the tape, crypto caught a bid, and Friday’s jobs report came in far hotter than expected, with 162,000 jobs added against estimates of just 53,000. AI and memory names led the charge as $AVGO, $DELL, and $HPE all crushed earnings, with $SNDK and […]

Markets had a strong week as $NVDA reported incredible earnings and software names like $OKTA and $CRM gapped up alongside it. The mood flipped Friday when new Fed Chair Kevin Warsh turned hawkish, flagging inflation and rate hike concerns that sent nearly everything lower. Rate hike expectations jumped from 58% to 68% during his speech, […]

Markets sold off last week with bond markets driving the action. The Fed announced plans to at least double its buybacks of long-dated bonds, causing investors to rotate into dollar and inflation hedge assets with metals, crypto, and energy all catching a bid. Several retail earnings hit the tape with a mixed read as $WMT […]

Markets were bullish last week as cool inflation data, big AI infrastructure earnings beats, and a record-setting 30-year bond auction all hit the tape. CPI cooled from the prior reading and landed in line with expectations, with headline and core MoM prints of +0.1% and +0.2% both matching forecasts, while PPI dropped to 0.0% MoM, […]

Markets rallied last week after Trump posted Monday about halting a massive attack on Iran, sending oil tumbling and the broader market higher. $PLTR followed Tuesday with another incredible quarter, ripping nearly 30% in a single day. Things cooled off Wednesday as $SNDK dropped over 10% despite beating estimates. Then Friday’s nonfarm payrolls missed massively […]

Markets turned bearish last week, capped by a broad tech selloff on Friday after China released its K3 Kimi AI model. Inflation data came in cooler than expected, with CPI dropping 0.4% and PPI falling 0.3% MoM, pulling rate hike odds lower and popping the market higher midweek. Oil prices kept climbing as geopolitical tensions […]

Markets pushed higher last week even as geopolitical tensions remained elevated. The U.S.-Iran ceasefire broke down midweek and sent oil sharply higher, but by Friday Trump signaled openness to renewed talks, and oil gave back most of its gains as risk sentiment recovered. Wednesday’s June FOMC minutes came in hawkish, with Fed officials flagging inflation […]

Markets chopped throughout the holiday-shortened week and ended mostly flat, with semiconductors the exception after selling off hard. June’s jobs report, released Thursday on the final trading day ahead of the July 4th holiday, showed just 57,000 nonfarm payrolls added, well below the 114,000 estimate and the lowest reading in four months. Semiconductors, riding a […]

Markets took some heat last week as PCE inflation came in hotter than expected at a three-year high, pushing 2026 rate-hike odds higher. $SPCX sold off hard, testing under $150 for the first time on news of a $20b bond sale. $MU crushed earnings and guided well above estimates, but higher memory prices sent ripples […]

Markets whipsawed last week as the Iran peace deal was officially signed, Kevin Warsh’s hawkish FOMC debut brought markets down Wednesday, and energy names dumped. $SPY gapped up big Monday on Trump’s Iran deal announcement, but the FOMC on Wednesday erased most of those gains. Thursday saw a recovery as the deal was officially signed, […]