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The trifecta of positive labour data points only raises the importance of Friday's Jobs report
US stocks are trading lower as Thursday brought more robust jobs data out of the US economy, underscoring the Fed's uphill battle to...

Stephen Innes
Jan 6, 20232 min read
10 views
0 comments


What the heck is going on in Oil markets?
With little supply reduction from Russia as a result of the price cap in the short-term, and given a lot of these barrels trade sub-$60,...

Stephen Innes
Jan 5, 20231 min read
28 views
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It is Difficult To Price In What the Fed Is Feeding Markets
MARKETS US stocks snapped an early year run of negativity on Wednesday as markets digest fresh economic data suggesting progress is being...

Stephen Innes
Jan 5, 20233 min read
8 views
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Demand jitters will likely define the market and macro milieu for the foreseeable future.
US stocks are trading lower to start the year as rallies in Asia, and Europe fail to carry over to the US, where concerns around higher...

Stephen Innes
Jan 4, 20232 min read
6 views
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As we step into 2023, the drivers of high inflation persist.
MARKETS Investors will have little time to ease back into the swing of things with a full slate of labour market data to digest. The...

Stephen Innes
Jan 1, 20233 min read
16 views
0 comments


A sigh of relief on the penultimate trading day of 2022
MARKETS US stocks are trading markedly higher on Thursday as sentiment rebounds on the back of higher-than-expected weekly jobless claims...

Stephen Innes
Dec 30, 20222 min read
7 views
0 comments


A Shudder of Geopolitical Risk
Here is a daily progression of my trading thoughts ( 4:00 AM)US stocks are again lower on Wednesday as thin liquidity and geopolitical...

Stephen Innes
Dec 29, 20224 min read
18 views
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Reopening Rekindles Inflationary Spirits
MARKETS Stocks are lower on Tuesday as US markets reopen after Christmas. At the same time, concerns over the well-entrenched 2022 wall...

Stephen Innes
Dec 28, 20223 min read
6 views
0 comments


China to scrap inbound quarantine rules
MARKETS U.S. stock futures rose at Asia open on follow-through from a relatively benign PCE last Friday, but this is the time of year...

Stephen Innes
Dec 27, 20222 min read
10 views
0 comments


A Cycle Like No Other
US STOCK MARKETS US stocks traded a touch higher Friday as investors positioned around and reacted to what turned out to be a remarkably...

Stephen Innes
Dec 26, 20223 min read
13 views
0 comments


BoJ Widens the Band, Now What
The BoJ surprisingly widened the tolerated trading band for 10y JGBs by 25bp, driven by concerns about market functioning, and USD/JPY...

Stephen Innes
Dec 24, 20222 min read
13 views
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It was challenging for traders to spin Friday's data as good news
MARKETS US stocks are trading a touch higher Friday. Still, they are on pace for a weekly decline even after what turned out to be a...

Stephen Innes
Dec 24, 20222 min read
15 views
0 comments


2022 refuses to go quietly into the night amid a macro worry shift
MARKETS US stocks are trading notably lower Thursday ahead of Friday's significant PCE inflation release and amidst what is traditionally...

Stephen Innes
Dec 23, 20222 min read
8 views
0 comments


Off-cycle earnings attract a lot of attention
MARKETS US stocks are trading notably higher, fueled by better-than-feared results from two economic bellwethers -- FDX and NKE -- plus...

Stephen Innes
Dec 22, 20223 min read
13 views
0 comments


2022 Will Not Go Quietly Into the Night
MARKETS Despite the surge in sovereign yields, the relative calm in equity markets is a welcome relief for investors who have been...

Stephen Innes
Dec 21, 20223 min read
12 views
0 comments


Higher Global Rates & A Bomb Cyclone
MARKETS US equities were a bit stronger Tuesday, but most of the market indulgence was on the surging Yen, which soared 4% against the...

Stephen Innes
Dec 21, 20222 min read
11 views
0 comments


Investors Still Fretting About the Fed
US equities were weaker Monday, with bearish sentiment still prevalent following the hawkish dial-backs delivered by the Fed and ECB last...

Stephen Innes
Dec 20, 20222 min read
5 views
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No Shortage of Economic Headwinds
MARKETS US equities were weaker Friday, with S&P down 1% with similar declines through Europe as the market continued to absorb last...

Stephen Innes
Dec 19, 20221 min read
7 views
0 comments


The Fed and ECB seem determined to leave a lump of coal in everyone's stockings this holiday season.
MARKETS US stocks sold off again on Friday as investors demonstrated a peculiar reaction to another deceleration in CPI inflation, a rate...

Stephen Innes
Dec 18, 20223 min read
32 views
0 comments


Waiting For A Rival To Run With The Currency Baton
Most top-tier bank analysts are dialling back their US Dollar forecasts on the following premises. Over the last couple of months, the...

Stephen Innes
Dec 17, 20223 min read
24 views
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