Joseph Koester EAGLE.Bank

Market volatility remains high as November Consumer Confidence comes in weaker than expected September FHFA Housing Price Index showed a MOM gain of 0.9% vs. est. of 1.0%. September Case-Shiller Home Price Index YOY showed an annualized gain of...

Fear drives increased volatility A new variant of the COVID virus was discovered in South Africa. Fears that the strain could fuel outbreaks in many countries and pressure health systems, potentially evading vaccines and complicating efforts to reopen economies and borders sent a wave of risk aversion across global markets Friday.....

Markets quiet ahead of tomorrow's data deluge The Preliminary November Markit readings showed Manufacturing PMI at 59.1 vs. est. of 59.0 and Services PMI at 57.0 vs...

Volatility spikes as investors seek safety There is an increase in concerns that equity markets are tilting toward pulling back, more analysts, economists, fund managers and traders showing...

Retail data for October exceeds expectations The October data was stronger than expected, increasing by 1.7% vs. est. of 1.2%. September was revised upward from 0.7% to...

University of Michigan Consumer Sentiment Index crashes to lowest levels since 2011 After one of the biggest moves in the interest rate sector in many months on Wednesday, and a day off, this morning the 10 yr. began unchanged...

Producer Price Index continues inflationary data trend October Producer Price Index (PPI) increased by 0.6% on a MOM basis and 8.6% on a YOY basis. Core (ex food and energy) grew at...

Markets moving strangely this morning on strong jobs data October NFP jobs were expected +450K, as reported +531K and Sept jobs originally reported 194K were revised to +312K...

Rate markets see boost on poor economic optimism survey The November IBD Economic Optimism Survey tanked to 43.9 which is a low reading...

Volatility up on inflation data Consumer spending in Sept increased 0.6%, slight better than 0.5% estimates, but down from +0.8% in August...

Markets Focus: Housing Data, October Richmond Fed Manufacturing Index and Consumer Sentiment The August FHFA Housing Price Index increased by 1.0% MOM vs. est. of 1.3%. The YOY August Case-Shiller Home Price Index showed a gain of...

The market continues to focus on inflation worries The inflation outlook is getting stronger by the day and the focus now in markets is that the Fed will have to increase rates more than anticipated in 2022...

Retail sales beat expectations Sept retail sales were better than forecasts. Sales increased 0.7% with estimates of a decline of 0.1% and August sales revised from...

Three things that can impact rates this week These are the three main areas that have the greatest ability to impact rates this week. 1) Inflation, 2) The Fed and 3) Oil...

Big miss with September non-farm jobs The initial reaction to Sept employment was slower job growth; non-farm jobs were expected +475K, as reported +194K, private jobs thought to be +445K up just 317K and August private jobs revised...

Red hot ISM data moves markets this morning We got two releases that measure the non-manufacturing sector which accounts for about 2/3 of our economic output...

Markets stable as inflation meets expectations This morning the current inflation reading from the PCE +0.4% which was the same reading as July's...

Markets consolidate after yesterday's selling One of the strongest selling binges we have seen since March yesterday...

Markets quiet ahead of FOMC tomorrow August New Housing Starts beat out forecasts (1.615M vs. est. of 1.580M) on an annualized basis. Building Permits were also higher than expected...

Market volatility high ahead of the weekend and next week’s FOMC. The markets now awaiting next Wednesday’s FOMC policy statement and Powell’s press conference...

Markets grab onto positive Consumer Price Index data The August Headline Consumer Price Index (CPI) matched expectations with a gain of 5.3% which is just off of July's pace of 5.4%...

Producer Price Index increases for the 9th month in a row Fed Vice Chairman Richard Clarida said last month he thought the risks of higher-than-projected inflation were more prominent than the risks of lower-than-anticipated inflation...

Three things that can move rates this week We take a look at central banks, the Fed and Inflation as market movers this week

Mixed jobs data forces volatility higher. Traders are focusing on the strong increase in average hourly earnings and tying it to the Fed’s thinking that inflation isn’t a long term issue....

Market Focus: Consumer Sentiment and Chicago PMI Consumer Confidence: The August reading was much lower than expected...

Market Focus: Jackson Hole and Jereme Powell's comments on asset tapering Today's virtual Jackson Hole Economic Symposium will focus on the central bank's next moves on asset tapering...

Market Focus: July New Home Sales and August Richmond Fed Manufacturing Index Housing: July New Home Sales were 708K vs. est. of 690K...

No major market movers today, Jackson Hole will dominate next week. Interest rate markets began quietly this morning, stock indexes a little weaker...

Rates flat ahead of Fed Chair Powell speaking this afternoon Retail Sales: The July headline Retail Sales data was weaker than expected

Market Focus: Consumer Sentiment at record low At 10 am the mid-month U. of Michigan/Wells Fargo consumer sentiment index was expected...