JJS News and Press, iPathA Series B Bloomberg Softs Subindex Total Return ETN From 09/19/22

Summary The first half of the year saw GDP contract slightly and GDI expand slightly, and I interpret that as little to no growth. The money market futures I follow and the market based models I track all put the peak in rates somewhere between March and June of next year. I d...

Summary Core CPI, excludes food and energy, rose from July's year-over-year reading of 5.9% to a YoY rate of 6.3% in August. FedEx reported dismal earnings on Friday sending the stock down 21%. A large part of the economic data seems to be indicating the economy is slowing. ...

Summary Today, every major part of the world economy is seemingly prone to a serious economic crisis. The European economy is perhaps the most immediate cause for concern. All of these world economic problems have to raise serious questions about the wisdom of the Federal Rese...

Summary Stocks and bonds and commodities continued to trade and move around in price but there was no news to which those movements could be attributed. Most of what passes for news, the things people credit with moving markets on a day-to-day or week-to-week basis, is nothing mor...

Summary Jackson Hole reset expectations to focus more on inflation. The U.S. dollar should stabilize over the medium-term amid hawkishness from other central banks and slowing economic data. At stake is Europe’s ability to refill their storage tanks ahead of winter. ...

Summary The economic data released last week continued to show a modest improvement in the economy since July. The 10-year Treasury yield has been rising since the summer of 2020 although there was a pullback in rates that lasted from April to August of last year. Best-perform...

Summary Since Powell shocked the world with an unexpectedly hawkish speech last week, the market has been struggling to guess just how much worse a tighter Fed is going to be for the economy. As a first pass, the market has decided that it looks a bit scary: most risk assets are d...

Summary Today's market X-ray shows the returns for each index, asset class, sector, and so on, since the recent low point on June 16th. Of the global indices, US small caps are in the lead, followed by the NASDAQ. High beta stocks are the most preferred factors since June 16. ...

Summary Among the most salient of economic developments in the last two years have been big movements in the prices of oil, minerals, and agricultural commodities. The price of oil decreased by about 30 percent between early June and mid-August. The politically sensitive American ...

Equity markets have clearly taken notice of rising inflation - and not in a good way. Conventional wisdom has traditionally said different things about how equities and bonds should behave in an inflationary environment - some hold to the notion that stocks should be protected from hi...