Fiscal dominance, whereby the Federal Reserve must help the Treasury fund their debts at reasonable costs, is upon us.
The S&P’s 20-day average is still comfortably above its 50- and 100-day counterparts.
Interest rates surged last week on the back of a hotter-than-expected inflation report that wasn’t actually that bad.
Q1'24 earnings are beating expectations, but S&P 500 excesses are pulling the market down. With Iranian War risk rising and the Trump trials starting, investors should get ready for a bumpy ride.
The halving of Bitcoin mining rewards is set to happen this Saturday. Such action has been associated with heightened investor interest and major price increases.
A heavy tape was interrupted by a modestly soft 'Beige Book', but the latest threats from Iran suppressed that, which implies the Fed has reason to be nervous.
Participants in the Canadian debt market do not anticipate any change in Canada’s AAA-rating. Additional supply will not affect yields.