Markets Rally as Economy Slows
Markets have a "Q4 spring" in their step. After a bit of a September swoon - the most volatile month of the year (on average) - has started well... higher prices look likely
Category Macro / Economy
Jobs Disappoint (again)… But Yields Rise
There are two monthly data 'prints' (above all others) which are said to shape the Fed's timing on any imminent taper: (1) employment; and (2) inflation. Re the former - hiring in the U.S. fell far below expectations last month, with employers adding just 194,000 jobs versus the expected 500,000
10-Year Bond Yields Jump… Sectors to Avoid
Keep your eye on bond yields. The US 10-year was up 19 bps as bond investors started to price is stickier inflation - and the possibility of the Fed being forced to move sooner than expected. Yep... lock it in