Five Minute Macro 6-1-2020

Concerns around the Re-Opening of the Economy combined with nationwide protests remains the main driver of risk assets, followed by US-China tensions. As a Phase 4 deal takes shape, US Policy response moves up to the third spot. The Oil Price Rally followed by EU Stimulus and Fiscal Union round out the top five.

Five Minute Macro 5-26-2020

Economic recovery from the pandemic remains the main focus of investors for obvious reasons. However, simmering US-China relations moves up to second place, where it is likely to remain. Fed policy accommodation falls to third while EU Stimulus and possible Fiscal Union enters for the first time, followed by the US Fiscal Response negotiations.

Five Minute Macro 5-18-2020

Markets are rallying as scientific breakthroughs are providing optimism to the market outlook and the Fed remains willing to provide further support if needed. Moving up to 3rd is simmering US-China tensions, replacing the oil price rebound. Finally, attention remains on Capital Hill and the chances of passage of a Phase 4 spending bill.

Five Minute Macro 5-11-2020

This week the recovery from the pandemic remains first in importance in the market but uncertainty over fiscal and monetary support moves up 2 spots, while oil supply and demand moves up to #3. Simmering US/China relations falls to #4 and dire global economic data rounds out the top five.


Five Minute Macro 5-4-2020

First and foremost investors ponder the path of the pandemic recovery, followed by the continuation of earnings season. However, the Re-Intensifying of US/China tensions is rising in terms of fears. Finally Central Banks continue aggressive measures to support the economy as the data continues to look dire.

Five Minute Macro 4-27-2020

This week the market’s focus has shifted to the Pandemic Recovery Outlook as plan have begun to reopen across the globe. Corporate earnings season continues with a host of household names, while aggressive policy measures continue in order to support the real economy. Oil continues to trade at 20-tear lows but investors look beyond dire economic data.

Five Minute Macro 4-20-2020

This week the market is shifting its focus to the Recovery Outlook as First Quarter Earnings provide insights from companies. Oil prices continue to Slide to 20-Year lows despite cuts from OPEC +. Aggressive Policy Measures continue to Ease Systemic Stress and Support the Real Economy but Global Data Continues to Look Grim.

Five Minute Macro 4-13-2020

This week the Market has Shifted to Pandemic Recovery Outlook, along with the Aggressive Fed Measures to Support the Real Economy in the Face of Grim Global Data. Oil Holds Above $20 as OPEC + Cuts Output and Corporate Earnings Season Begins.