A shortened holiday week which fortunately felt a bit less volatile in the markets, but not on the news flow side. Many consequential data points, but tying a cohesive narrative through them might be a bit of a stretch.
Nonetheless, we are going to give it a shot!
Plenty to unpack this week. Let’s take a step back and look at some basic charts.
Where to start after a week like that?
When market volatility explodes there is no shortage of content floating around. We thought going back to some simple basic charts for perspective might be helpful.
The $ has now round tripped its election move.
Fed Meeting
The Federal Reserve convened their scheduled March meeting this week. There were no expectations for any action to be taken, so the focus was largely on the commentary post the conclusion. We prefer to focus on one of the main outcomes, the DOT plot.
Fed Meeting
The Federal Reserve convened their scheduled March meeting this week. There were no expectations for any action to be taken, so the focus was largely on the commentary post the conclusion. We prefer to focus on one of the main outcomes, the DOT plot.
UBS recently shuttered its outsourced trading business, highlighting a key truth: bigger isn’t always better. When outsourced trading is a small part of a larger business, priorities can shift unexpectedly, leaving clients in a precarious position. UBS’s core business was never outsourced trading, so it’s unlikely it moved the needle on global revenues.
University of Michigan metrics were released today, and probably to nobody’s surprise they were weaker than estimates. At least 6 different consumer facing companies have mentioned they were seeing reduced consumer confidence recently, RH, DKS, DAL, UAL, KSS, and WMT.
When markets head into rough waters many like to fall back on technical charts for guidance. We thought it worth highlighting a few this week.
In previous pieces we have presented this input of the CPI, the contribution of Shelter. This input accounts for 36.22% of the YoY CPI. The metric has been slowly but steadily moving lower since the Q2 2023.
In previous pieces we have presented this input of the CPI, the contribution of Shelter. This input accounts for 36.22% of the YoY CPI. The metric has been slowly but steadily moving lower since the Q2 2023.
