Chasing Yields

Our latest musings about actions and events affecting the investment landscape

Can We Trust Better-Than-Expected 1st Q Earnings?

Can We Trust Better-Than-Expected 1st Q Earnings?

This week, about 30% of companies that make up the S&P are reporting first-quarter earnings. While many of these companies announced better-than-expected numbers, the big question lurking over the markets is, "Can we trust 1st quarter earnings considering the...

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Small Businesses Take the Brunt of the Tariff Blow

Small Businesses Take the Brunt of the Tariff Blow

As the current administration continues to impose higher tariffs on countries worldwide, confidence and uncertainty among individual investors, small businesses, and corporations plummet. According to Apollo Global Management's Chief Economist, Torsten Slok, the...

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Business Pessimism Stagnates Corporate Planning

Business Pessimism Stagnates Corporate Planning

This week, the Federal Reserve Bank of NY released the findings of its April Empire State Manufacturing Index, a snapshot survey of the health of the manufacturing sector in NY. As per the respondents, there was a modest decline in business activity, which was,...

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Who Will Buy Our Debt Today?

Who Will Buy Our Debt Today?

As the US Treasury prepares to sell $39 billion 10-yr bonds today, the big question on economist’s minds is, who will buy our bonds? The Treasury sells billions of dollars in bonds to fund government debt; typically, foreign central banks…

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Market Expectations Reaching New Lows

Market Expectations Reaching New Lows

The investor’s Consumer Confidence Index for March reached a 4-year low of 92.9, down from 100.1 in February, according to The Conference Board. Also released was the Expectation Index, which lists consumers’ short-term outlook for…

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Are We Creeping Toward Stagflation?

Are We Creeping Toward Stagflation?

Last week, inflation-adjusted consumer spending fell .5%, the most significant monthly decline in four years. Consumers have become increasingly cautious about spending as they digest higher price shocks, pending tariff consequences, the DOGE job losses, and the trickle-down effect of these developments on…

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Bond Selloff Has 30-Yr Treasury Approaching 5%

Bond Selloff Has 30-Yr Treasury Approaching 5%

This week, long Treasury Bond yields reached their highest level in months. Today, the 30-yr T reached 4.915%, the highest level in just over a year and a 59-basis-point change since the close on December 6th. This is also a busy week for bond sales. The Treasury sold...

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