Inside Markets — Cyclical Recovery
The no-landing narrative that emerged after the strong January payroll number drives a cyclical recovery theme in equity markets.
Inside Markets — No Landing
The recent resilience of the S&P 500 (SPX) amid the bearish repricing of Fed rate expectations comes from an emerging ‘no landing’ narrative.
Inside Markets — Discounting Data
As we noted yesterday, we’re discounting the signal quality of the January payroll data given the outsized role of seasonal adjustment factors.
Inside Markets — CPI Scenarios
Let’s review potential CPI scenarios as equity markets will take initial direction from headline CPI, due tomorrow.
Inside Markets — Worst Week of 2023
US equities are mixed with the S&P 500 on track for its worst week of 2023.
Inside Markets — Catalysts Ahead
Catalysts ahead include Michigan inflation expectations and two Fed speakers tomorrow, but markets remain focused on Tuesday’s CPI report.
Inside Markets — Terminal Rate
Terminal rate expectations drift higher as Fed officials answer questions about last week’s strong Jobs Report.
Inside Markets — Fed Focus
The focus today is on Fed Chair Powell’s comments at the Economic Club of Washington.
Inside Markets — Rate Cuts
Last week, the S&P 500 (SPX) extended through near-term technical resistance at 4100 as the OIS market began pricing in two 25bp rate cuts for the back half of this year.