Category Archives: Week in Review

Week In Review – January 11

Summary EM bookends in local currency yields. Turkey in 33 bps, Mexico out 17 bps US 10-year yields out 3 bps. Some squishy auctions last week U.S. corporate credit in yuuuge Euro periphery tighter EM FX continues to recover Dollar … Continue reading

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Week In Review – January 4

Summary What a week to start the year. U.S. stocks trading like an emerging market Big money flows into emerging markets, particularly big Latins.  Look at move yields and currency U.S. bond yields spiked on Friday as stock shorts, as … Continue reading

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Year In Review – 2018

Summary Fugly year for the financial markets.  Unless you’re a trader, 2018 couldn’t end fast enough.  The country ETF table illustrates the pain for dollar-denominated returns as only Qatar and Saudi delivered positive returns > 0.5 percent China and Brazil … Continue reading

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Week In Review – December 14

Summary Bond yields relatively stable in spite of weak and volatile equities Bookend EM 10-year yields – Brazil in 40 bps, Turkey out 70 bps U.S. credit stabilized last week Dixie traded to new 52-week high but couldn’t close above … Continue reading

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Week In Review – December 7

Summary Another fugly week for stocks.  It’s really shaping up to be a Trapper John year — full of bull and bear traps making it difficult for traders to make money.  The ‘bots have won, folks Transports down over 8 percent … Continue reading

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Month In Review – November 30

Summary One helluva bear trap set the prior week sent traders scrambling after the Fed Chair caved, at least in rhetoric, to the president’s bullying Most sovereign bond yields down on the month, led by hard-hit Turkey and Indonesian 10-years … Continue reading

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Week In Review – November 23

  Summary Ugly Thanksgiving week for equities. S&P led all major indices lower Philippines stocks were the only major index in the green as stocks broke out of a range on positive sentiment due to lower oil prices and expected … Continue reading

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Week In Review – November 16

Summary U.S. 10-year yield in on slowdown worries Probability of Fed move in December drops 10 points to around 65 percent Corporate credit spreads blew out big time.   Watch this space Equity markets are rudderless and feel like they want … Continue reading

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Exit Mr. Rocktober

Ugly month. The fourth worst October performance for the S&P500 since 1950.   Could have been much worse if not for the bulls skate save over the past two days. Rare that stocks down so much yet 10-year yield 8 bps … Continue reading

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Week In Review – October 19

Summary Spain sovereign spread starting to widen as small to medium Spanish banks hammered over mortgage tax Brazilian assets continue to perform as the election of Jair Bolsonaro is a done deal, slated for next weekend Mexican peso weaker.   Reports … Continue reading

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