July 10, 2019 - Notes From the Rabbit Hole

Who’s Got the Most Ammo in a Currency War?

You would think logically that the nation and its central bank that have had the strongest currency and firmest policy (I know... but work with me here) over the last…

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July 10, 2019

Stock Market, US

Powell Doves, Yield Curve Spikes and SPX Hits Target

The CNBC headline tells the story. Here is the bump in the yield spread, which never did make a lower low and thus, held its steepening potential despite the recent…

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July 10, 2019

Federal Reserve

Powell Tips His Hand

We noted yesterday that it is Fed Hype Week. A couple tough days for the market and the headlines are reinforcing the negativity. A single (and positive) payrolls report has…

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July 10, 2019