Inside Markets — Repricing Fed Expectations
The recent backup in yields has put renewed upward pressure on bond market volatility (MOVE index).
Inside Markets — Rebalancing
Last week, the SPX managed to advance +39bp despite month-end/quarter-end rebalancing pressures during a holiday-shortened week.
Inside Markets — Rotation?
This week’s rotation out of momentum stocks could merely be a function of month-end/quarter-end dynamics.
Inside Markets — Stalled
Recent yen weakness in the aftermath of the BOJ’s first rate hike in 17 years and dovish tone from Fed Chair Powell is a concerning development.
Inside Markets — Bond Duration
Last week, 10-year bond yields pulled back from technical resistance near 4.35%. Now at ~4.25%, we see scope for 10-year yields to break to the mid 3.90’s where they will likely consolidate gains as markets assess growth and inflation data into an assumed June Fed
Inside Markets — Rebalancing Pressure
Month and quarter-end rebalancing could pressure stocks this week.
Inside Markets — AI Trade
The public release of Chat GPT in November ’22 kicked off an AI arms race that still looks like it is in its ‘early innings.’
Inside Markets — Bearish Triggers
With an eye out for bearish triggers, the official Fed statement exiting tomorrow’s meeting is expected to be little changed from the January meeting.
Inside Markets — Central Banks and Treasury Yields
Markets are being driven by company-specific developments ahead of a busy week of macro catalysts including five central bank meetings.
Inside Markets — Two-year Yields
The front end of the yield curve may now be responding to the hot January/February inflation prints. Two-year yields reached resistance levels near 4.70% immediately after the January CPI/PPI reports, pulled back to bullish inflection levels near 4.50% and are now flirting with the 4.70%