When government data seems strange like this, it is more likely to be an artifact of sampling or some other one-off reason.
The market came within whiskers of a technical breakdown on Thursday, yet few people seem to know or care.
The only place to hide will be and has been commodities, as they are truly inflation protection assets.
To get inflation fears, all we really need is a bunch of these subjects to hit the headlines.
I am going to tell you that there is no possible way that higher taxes are helpful from the market's perspective.
It probably doesn't matter. He's dead wrong. As always, the numbers don't lie.
The US Ten Year Note has been on the move, and the US Dollar Index has also been climbing overnight.
The administration's actions and plans aren't friendly to either investors or business operators.
So far, for the season, the blended rate of earnings growth for the first quarter now stands at an incredible 33.8%.
The 'organic' economy has to take over at some point, and at that point, at least in theory, demand for credit should accelerate.
Sentiment data remain cautionary.
Prices are rising, but the data is messy, especially right now. Here is how I'm thinking about it, and when the Fed might hike rates as a result.
If investors start to factor in higher inflation, we could be looking at a big increase in volatility in the months ahead.
Perhaps the most interesting result of an inflationary but not frightening CPI was visible in U.S. Treasury security markets.
The reaction to earnings from the big banks this week should give us some insight into market sentiment.
If you want to sell in the next hike all I can say is you are listening to the bears who have been shown to demonstrate historical ignorance.
You can rock on for now while the music is still playing, but be prepared for the inevitable 'out of the blue' sour note.
Looking at a painting by Renoir side by side. You see beauty. I check my watch. The same is true with economic policy.
I expect that stronger economic data will actually cause the market to assume more rate hikes down the road.
This is a perfect time to make sure you haven't strayed too far into the mainstream, which has been the wrong trade for well over a year.
Plus, a look at the technical setup of KLA Corp.
On Friday alone markets added half a rate hike to 2023.
It might be too difficult for Jay Powell NOT to raise rates now that the Great Reopening is upon us.
Plus, there are reasons to have serious reservations about an International Monetary Fund "aid plan" allegedly to poor countries.
The unknown question right now is how much more rotation and reallocation will take place.
I think it's worth examining how we can spot a bottom the next time after the inevitable selloff.
The Fed has probably refined what message that it wants to put forth and has sent the minions out to speak its current version of "truth".
We are nearing the home stretch for the first quarter, so here's what's on tap.
I remain negative on the market outlook.
Right now I fear that in another two months we are going to have a lot more vaccines than arms to jab.