Unemployment benefits end next week. It may be too late for Congress to stop it, experts say
Alex Wong | Getty Images News | Getty Images The Senate passed a $1.9 trillion coronavirus relief bill on Saturday that extends and raises unemployment benefits. Democrats will now look to get that pandemic aid bill to President Joe Biden...
10-Yr Yield Couldn’t Break Loose from 1.5 Magnet, Dollar and Canadian Soared
Strong treasury yield continued to be a major theme last week. But for now, it seemed 10-year yield could still break loose from the “magnetic field” of S&P dividend yield at around 1.5%. Indeed, US stocks, including NASDAQ staged a...
Weekly Economic & Financial Commentary: International Bond Yields Continue to Push Higher
U.S. Review Moving On Up Most of this week’s economic data came in at or above expectations, contributing to growing anxiety about how the Fed will unwind the extraordinary stimulus it put in place. The ISM manufacturing survey rose 2.1...
The Weekly Bottom Line: Coming Out of the Winter Lull
U.S. Highlights The ISM indexes diverged in February, with manufacturing improving and services falling on the month. However, both remain well in expansionary territory. Vehicle sales, meanwhile, fell 5.7% to 15.7 million (SAAR) units. U.S. job growth picked up steam...
Forward Guidance: Job Growth to Return as Optimism Fills the Air
We look for next week’s Canadian employment report to show that the 2-speed labour market persisted in February with travel and hospitality services remaining exceptionally weak while other sectors continue to grow. We expect roughly 75K jobs returned in February...
Week Ahead: And You Thought Last Week Was Interesting? ECB, US Auctions, and Inflation
Last week, markets were on edge as yields and the US Dollar continued to rise and stocks were mixed. Federal Reserve Chairman Jerome Powell spooked traders when he reiterated that the Fed is not concerned with rising yields nor rising...
Week Ahead: Dollar Rally Continues as US Yields Rise
The taperless tantrum could continue across financial markets now that it seems clear Fed Chair Powell won’t react until he sees disorderly market conditions or if financial conditions tighten further. Positive economic, such as this past employment report might continue...
Robinhood chooses the Nasdaq for its IPO, sources say
Avishek Das | LightRocket | Getty Images Robinhood has chosen the Nasdaq as the exchange for its eventual initial public offering, according to sources familiar with the matter. The company has not yet filed officially for the listing. The stock...