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Daily Market

5% Is Not the Headline. It’s the New Denominator.

5% is not simply a bond-market milestone. It is a new denominator for valuing stocks, mortgages, pensions, private credit, and future cash flows.
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Daily Market

The Oil Market’s Backup Plan Just Got Hit

Saudi Arabia’s East-West pipeline was built to bypass Hormuz. Now that backup route has been attacked, exposing a dangerous weakness in global oil supply.
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Daily Market

The Trump Dividend Meets the Bond Market

A trillion-dollar payment proposal meets an already nervous Treasury market, stubborn inflation and a Fed considering another rate hike.
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Daily Market

Old Friends, New Tariffs: America and Canada Go to War on Trade

Canada’s midnight tariff retaliation adds another layer to an increasingly costly trade war. Here’s where the money goes and who ultimately feels the pinch.
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Daily Market

Why One Fed Governor’s Soft Bark Sent Markets Soaring

Christopher Waller offered a conditional case for holding rates steady—and markets exploded higher. The reaction may reveal more about Wall Street than the Fed.
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Daily Market

Tomorrow’s Jobs Report Is Bigger Than One Number

Tomorrow’s jobs report could move markets, but the real story is underemployment, falling participation, weak hiring, and corporate cost cutting.
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Daily Market

This Is a Storm, Not a Change in the Climate

Global bond yields are surging as Hormuz tensions lift oil and inflation fears. Here’s what the financial superstorm means for bonds, stocks, energy, and cash.
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Daily Market

This Is a Storm, Not a Change in the Climate

Global bond yields are surging as Hormuz tensions lift oil and inflation fears. Here’s what the financial superstorm means for bonds, stocks, energy, and cash.
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Daily Market

Recession Cures Inflation. But Does This Inflation Need a Recession?

Bond yields are flashing a warning as markets price a possible Fed hike. The bigger question is whether higher rates are actually the right medicine.
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Daily Market

The Fed’s Hall of Mirrors: Warsh Says Nothing, Markets Hear Everything

Warsh said little about September, but markets heard plenty. Here’s why Treasury yields jumped and why the Fed’s inflation tool may be aimed at the wrong problem.
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