Category: Five Minute Macro

Stable Treasury yields continues to help rally markets, while peak earnings season continues. Inflation worries remain the main concern for markets and crypto markets see increased volatility, while geopolitical risks continue to simmer.

The stabilization in Treasury yields calms markets while the Biden Administration pushes the Jobs Plan. CPI data tomorrow is in focus along with the beginning  of 1Q 21 earnings season. Finally, geopolitical risks continue to simmer.

The stabilization of Treasury yield is helping risk sentiment, while the market digests the details of the Biden infrastructure proposal. Wednesday brings FOMC Minutes as inflation fears still remain. Finally, India grapples with Covid surge amid EM asset volatility.

Details of the next major spending package come this week as Treasury yields remain biased higher. The inflation outlook debate continues to percolate and supply chain dislocations are having varying impacts across the globe. Finally, Turkey market turbulence feeds into Emerging Markets.

Fluctuating Treasury yields remain the driving force behind market moves, followed by the Biden Build Back Better bill. Inflation remains a major concern, which has taken the wind out of momentum driven asset performance. Finally, China relations continue to percolate.

The Fed meeting and Stimulus plans are front and center on market participant’s minds. However, rising Treasury yields and concerns over rising inflationary pressures lurk. Finally, Chinese markets sell off due to tighter monetary and regulatory decisions.

In this week’s Five Minute Macro, elevating Treasury yields moves into the first spot, followed by accommodative central banks. The Covid relief bill moves down to third and the inflation forecast into fourth, with Bitcoin highs remaining at the fifth spot.

In this week’s 5 Minute Macro stimulus spending remains in the tops spot, with higher Treasury yields moving up to the second spot and inflation outlook dropping a spot. Powell’s testimony to Congress and Bitcoin at new highs round out the top five.

This week’s Five Minute Macro’s drivers are similar to last week’s, with stimulus, data and oil prices leading the way. Mario Draghi reemerges in Italy and corporate earnings season winds down.

The Biden Relief Bill remains front and center, while investors wait for the Fed on Wednesday and corporate earnings season continues. Finally, data continue to show the uneven effects of the pandemic and US-China tensions continue to percolate.