Economic Update: Housing Starts Down, Permits Up, Builders Fretting, and Some Other Stuff (video)

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Attention Non-Client subscribers: Nothing in this video should be construed as investment advice. The examples expressed relate to portfolio management we perform on behalf of our clients, and, again, under no circumstances are they to be considered recommendations to the viewer.

What's Driving Markets Now, What Will Going Forward, What Volume Says, Yield Action, yada yada (video)

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Attention Non-Client subscribers: Nothing in this video should be construed as investment advice. The examples expressed relate to portfolio management we perform on behalf of our clients, and, again, under no circumstances are they to be considered recommendations to the viewer.

Morning Note: Messy Setup

Call it, per Bloomberg's Michael McKee, "a unanimous hawkish pause."  Yep, no rate hike at yesterday's Fed meeting, but threats of one by year-end, and projections that show monetary policy staying yet tighter for longer than they thought last time they told us what they thought.

Mid-Week Market Update: Few Boats Catching All the Fish (video)

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Attention Non-Client subscribers: Nothing in this video should be construed as investment advice. The examples expressed relate to portfolio management we perform on behalf of our clients, and, again, under no circumstances are they to be considered recommendations to the viewer.

Morning Note: What You Know About Nature

Among a plethora (11) of central bank meetings this week, the US’s of course will be the one most likely to move markets (although Japan's [commentary] indeed could)… With 100% certainty I’ll say that there’ll be no rate hike come Wednesday... Not because the Fed wouldn’t be justified, in fact, if Powell were indeed true to his rhetoric, there’d be one – as the latest inflation-related data conflicts with the recent disinflationary trend – it’s just that the market is discounting virtually zero odds of one.

Morning Note: Sector, Region and Asset Class Results Update

For this morning's message we'll start by reposting Friday and Saturday's video commentaries... Both of these are we think very timely and should be viewed by anyone who’s at all interested in the current risk/reward setup for markets, and in what the latest consumer data say about the present stage of the economic cycle:

Economic Update: Let's Talk About the Consumer (video)

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Attention Non-Client subscribers: Nothing in this video should be construed as investment advice. The examples expressed relate to portfolio management we perform on behalf of our clients, and, again, under no circumstances are they to be considered recommendations to the viewer.