Nonfarm payrolls grew by 151k jobs, in line with estimates. While still likely too early to see the full potential effects from DOGE, federal jobs fell by their most since June 2022.
Today's topics include is 'transitory' back?, Nasdaq enters correction territory, tariff anxiety, trading for a recession, a new paradigm in the EU, BoJ to hold in March?, euro rallies against dollar, German vs. U.S. yields, more on the Mar-A-Lago accord, Howard Marks comments on high yield spreads, and money market funds at new record above $7t
Financial conditions have come off extremely easy levels in recent weeks, driven by increased volatility.
Where is the neutral funds rate? There are many ways to approximate this, but it is a number that cannot be known with certainty.
At the end of 2024 retail traders accounted for almost a fifth of all equity volume; more than hedge funds, quant funds, HFTs, and banks.
A risk-off wave hit the markets the past couple weeks. As is typically the case, the crypto markets took the worst of it.
The percentage of houses that had to drop their initial listing price rose to almost 20% in January. Sellers remain optimistic with high listing prices, but actual sales prices have leveled off.
A long-term look at tariff rates in the U.S.
Some interesting charts from our recent posts
Volatility measures are moving higher in anticipation of major geopolitical and economic changes in the United States. It remains to be seen if markets will exhibit the level of realized volatility expected ahead.
Today's topics include talkin' markets, global yields jump higher, previewing tomorrow's payrolls report, the Trump put vs. uncertainty, tariff opinions, volatility as an investment factor, NY Fed official sees no need to end QT yet, and Summers concerned about dollar's status