Browsing Category

Commentary

FILTER BY:

Commodities and Precious Metals Update (Week ending October 4, 2019)

by Jeff KlearmanOctober 7, 2019

A bevy of weak U.S. economic reports on Tuesday and Wednesday, including a very weak ISM manufacturing index release on Tuesday and extremely disappointing auto sales numbers on Wednesday, drove U.S. stock markets, U.S. Treasury rates and the U.S. dollar lower last week. Concerns of a slowing U.S. economy increased Thursday after the release of a weaker-than-expected ISM non-manufacturing index number, a weaker-than-expected ADP private payroll report as well as by a mediocre employment report on Friday. Despite Thursday’s and Friday’s reports, U.S. stock markets rebounded off their lows with increasing market expectations of more U.S. Federal Reserve Bank rate reductions . The S&P 500 Index, down more 2.5% through Wednesday, finished the week only 0.3% lower at 2,952.01. 10-year U.S. Treasury rates fell 15bps over the week to 1.53% and the U.S. dollar (as measured by the DXY index) weakened 0.3% over the week.

Commentary,

Commodities and Precious Metals Update (Week ending September 27)

by Jeff KlearmanSeptember 30, 2019

Weak economic reports in Europe and Asia along with the what may be the beginning of impeachment proceedings against President Trump pushed U.S. and global stock markets lower, strengthened the U.S. dollar and moved U.S. Treasury rates lower.

Commentary,

Commodities and Precious Metals Update (Week ending September 20)

by Jeff KlearmanSeptember 23, 2019

Dominated by news of attacks on Saudi oil processing facilities, U.S. Federal Reserve Bank repo operations and the FOMC meeting, U.S. stock markets and the U.S. dollar remained relatively calm while 10-year U.S. interest rates moved lower off their recent highs.

Commentary,

Commodities and Precious Metals Update (Week ending September 13)

by Jeff KlearmanSeptember 16, 2019

Despite President Trump’s tweets requesting the U.S Federal Reserve Bank dramatically lower rates, higher-than-expected CPI and PPI numbers and better-than-expected retail sales, chain-store sales, consumer sentiment and business inventories reports pushed 10-year interest rates higher by over 30bps and reduced the probability of a rate increase at this week’s FOMC meeting.

Commentary,

31 Flavors of Yield

by Ryan Giannotto, CFA, Director of ResearchSeptember 12, 2019

2019 has introduced myriad new varieties of yield to investors, including familiar fan-favorites such as flat and declining yields. For investors seeking a more exotic flare, markets have debuted negative and even inverted yields. However, only true aficionados will be able to savor the ultimate pairing of yield flavors, such as negative speculative yields, a true Italian masterpiece. Ciao Bella!

Commentary,

Commodities and Precious Metals Update (Week ending September 06)

by Jeff KlearmanSeptember 9, 2019

Returning Tuesday from a long holiday weekend, U.S. stock and commodity markets moved lower as global and U.S. growth concerns, prompted by tweets from President Trump, increased.

Newer Posts

Older Posts