Wall Street jambalaya

Economic Jambalaya

We will have an eventful upcoming week with the Fed meeting on Wednesday as three months have gone by with little progress on inflation. The Fed’s messaging at the end of last year was wrong (4-6 rate cuts) and it is clear that inflation will take much longer to eradicate without a recession. On Friday, […]

Read More

Earnings Season

Rangebound Ahead of Earnings

The price action in April has been rangebound which has been a disappointment as seasonality this month is typically some of the best on the calendar. You can see in the chart below the sideways trading this month and we await a decisive break of this range (4172/4097) before anything interesting gets going in the […]

Read More

Technicals and Prices

An uneventful week in the US financial markets as stocks and bonds retrace their advances over the last several weeks. Several Fed Governors were on the speaking circuits this week including Powell who gyrated the market on Tuesday. The CPI/PPI numbers are released next week and will give another progress report on the Fed’s efforts […]

Read More