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[Yahoo/Bloomberg] Stocks Falter as Central Banks Dent Rate-Cut Hopes: Markets Wrap [Yahoo/Bloomberg] Oil Declines Again as Demand Outlook Flashes Bearish Signs [Reuters] Thousands of civilians flee north Gaza as Israeli troops and Hamas fighters clash [Yahoo/Bloomberg] Israel Latest: G-7 Calls for ‘Pauses’ in War for Hostage Release [Yahoo/Bloomberg] Fed Governor Lisa Cook Says Worsening Geopolitical […]
[Yahoo/Bloomberg] Stocks Fall as Fed Rate-Cut Doubts Creep In: Markets Wrap [Yahoo/Bloomberg] Oil Slips Below $80 as Fed Rate Worries Cloud Market Outlook [Reuters] Tanks poised around Gaza City; Netanyahu says Israel to run security after war [Yahoo/Bloomberg] Israel Latest: Netanyahu Sees ‘Indefinite’ Gaza Security Control [Reuters] Israel open to ‘little pauses’ in Gaza fighting, […]
Advocates of Modern Monetary Theory, like their Marxist brethren, are fond of saying that debt doesn’t matter. “We owe it to ourselves,” they say, which is a double entendre that offers a one-two punch for their argument—both “we deserve it” and “the debt ‘we’ create is owed to us.” But debt always matters. The only […]
[Yahoo/Bloomberg] Stocks Hold Gains After Big Rally on Fed Rates: Markets Wrap [Yahoo/Bloomberg] Oil Advances After Saudi Arabia and Russia Reaffirm Supply Cuts [AP] Israeli forces cut off north Gaza as Palestinian death toll passes 10,000 in 4 weeks of war [Reuters] Shutdown deadline poses test for US Congress: Is compromise possible? [Yahoo/Bloomberg] Worst Sales […]
[Reuters] Arab world, US split on Gaza ceasefire as Israeli offensive presses on [AP] Warplanes strike Gaza refugee camp as Israel rejects US push for a pause in fighting [Yahoo/Bloomberg] Bond Traders on Collision Course With Higher-for-Longer Mantra [Yahoo/Bloomberg] Griffin Says SEC Should Focus on Banks’ Basis Trade Risk: FT [Reuters] China to accelerate issuance […]
Writing on the Wall? This week, HAI is coming to you from the Big Easy on the banks of the mighty Mississippi. This author is attending the New Orleans Investment Conference. So far, it’s truly been a great few days, with more to come tomorrow. Given all the events, this HAI consists of weekly prices […]
[Yahoo/Bloomberg] Israel Latest: Blinken Pushes for ‘Humanitarian Pause’ in War [Reuters] Blinken to hear call for Gaza ceasefire from regional ministers in Jordan on Saturday [Reuters] Israeli jets hit Lebanon as Hezbollah fires more powerful missile [Politico] The UN is in disarray over the Israel-Hamas war [Yahoo/Bloomberg] Charting the Global Economy: Fed, BOE Leave Rates […]
An extraordinary week. How extraordinary, you ask? Bloomberg: “Best Run for Bonds Since 2020 as Traders Bet on Fed-Hike Finale.” Ten-year Treasury yields sank 26 bps this week, the biggest weekly drop since March (-27bps). Thirty-year Treasury yields fell 25 bps, the largest decline since the first week of the year (-28bps). Benchmark MBS yields […]
