France’s fiscal crisis has escaped parliament and entered the bond market. Ireland may have stronger public finances, but it will not be insulated if sovereign stress spreads through Europe’s banks, businesses and borrowing costs.
France’s Bond Crisis Is a Warning Ireland Should Not Ignore Read More »
Weak hiring lifted stocks, but rising Treasury yields, strained fuel supplies and France’s fiscal troubles kept pressure on markets. What investors should watch.
Bad News Lifted Stocks. It Did Not Make Money Cheap. Read More »
The Weekly Lens: On Monday, Wall Street bought the future it wanted. Oil fell, yields eased, and the Nasdaq surged. By Wednesday, Treasury buyers wanted a higher return, small caps were tumbling, and Washington was arguing over how to bring diesel prices down. On Friday, falling crude gave stocks another lift. The long bond still
Wall Street Bought the Ceasefire. The Bond Market Asked Who Pays. Read More »
Technology, Bitcoin and global equities surged as yields and crude fell. But diesel hit a record, another tanker was reportedly struck, and two wars kept squeezing the same fuel system. What Today’s Tape Is Saying Wall Street began the week by buying the future it wanted. The S&P 500 rose 1.49%, the Nasdaq gained 2.26%,
Wall Street Priced Peace Before the Tankers Got the Memo Read More »
Technology kept the index green as market breadth weakened, Treasury yields returned to the danger line, and Europe learned again that cheaper oil does not mean secure energy. What Today’s Tape Is Saying Wall Street finished an extraordinary week with a deceptively quiet close. The S&P 500 gained 0.17%, and the Nasdaq rose 0.39%. But
Oil lost $100. Bonds found 5%. Read More »
Stocks surged as the 10-year retreated below 5% and crude eased toward $100. But the energy system remained under pressure, reminding investors that relief is not the same as resolution. What Today’s Tape Is Saying Wall Street bought the reprieve. The Nasdaq climbed 1.69%, the S&P 500 gained 1.14%, and the Dow advanced 1.01%. The
Yields Fell. Oil Slipped. The Risks Did Not. Read More »
The Federal Reserve raised rates for the first time since 2023. The 10-year Treasury crossed 5% anyway, the dollar surged, and Wall Street discovered that one rate increase cannot repair an energy shock. What Today’s Tape Is Saying The Federal Reserve finally did what the bond market had been demanding. It raised the federal-funds target
The Fed Hiked. The Bond Market Kept Tightening. Read More »
Oil remained above $105, a weak Treasury auction exposed fragile demand for US debt, and stocks fell ahead of the Federal Reserve. Wall Street’s inflation problem is no longer coming from one direction. What Today’s Tape Is Saying The bond market finally reached the line Wall Street had spent weeks watching. The 10-year Treasury yield
The 10-Year Reached 5%. The Barrel Cornered the Fed. Read More »
Oil disruption, doubts about the speed of AI development, and a 10-year yield near 5% collided on Monday. Stocks weakened as Wall Street discovered that its two biggest assumptions—cheap energy and unstoppable technology—were no longer cooperating. What Today’s Tape Is Saying Wall Street began the week with three problems and nowhere comfortable to hide. The
Oil Stayed Above $100. AI Hit the Brakes. Bonds Held the Line. Read More »