Rate Cut Odds Soar on Weak Data
A month ago, Fed Fund Futures implied a 72.9% chance of at least one hike. They now imply a 38.9%…
Hard hitting global and local news
A month ago, Fed Fund Futures implied a 72.9% chance of at least one hike. They now imply a 38.9%…
Yields took another dive lower today with the 1-year to 7-year inversion still intact.
Economists missed the mark badly in estimating ISM numbers this month.
Apple Blames “Mounting Uncertainty” in Rare Guidance Cut. Futures hammered.
A new IMF report compiles debt data through the end of 2017. The numbers are staggering.
The majority of board members at Banca Carige, Italy’s 10th largest bank, resigned and the ECB took Over.
The S&P 500, FTSE (UK), DAX (Germany) are all deep in the read as I type. Gold is up.
House Democrats will pass a bill ending the gov’t shutdown but without wall funding. Will the Senate take it up?
I wish you and your loved ones a happy, healthy, and prosperous new year.
The yield curve is inverted in six places. Notably, the 1-year T-Bill yield inverts with all durations through 7 years.