Tag: finance
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Dog Wagging the Tail, or Tail Wagging The Dog?
This morning saw the release on the US inflation report, and it came in under expectations. US inflation edged up .2% month over month, and 3.4% YOY, both missing market expectations by.1%. Ironically, it was 1 week ago today we had the BOC announce, at about this time they were cutting rates by 25 bps.…
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What A Difference A Week ( Doesn’t ) Make
A week ago, the only thing people wanted to talk about was the BOC rate cut. Then, on Wednesday and Thursday, all people wanted to talk about is how the 5 year bond and the CAD currency. Interestingly enough, even though the BOC cut the overnight rate last week, the 5 year Canadian bond is…
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Revising the Revision
I can always tell when people are bothered by something because I get a lot of calls, emails and messages on certain topics. Lately, the topic seems to be the employment report, and more importantly the revisions to the employment report. The tinfoil hat brigade seems to be out in full force lately with this…
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Tik Tok Gonna Be Lit!!!
Well, there you have it – Tiff has dropped rates by 25 bps!!!. Should he have? No, but he caved to political pressure and did it anyways. Oh well, this is going to be a fantastic soul crushing experience coming. The 1 year bond market had dropped 20 bps from the end of May leading…
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Clear As Mud
This morning at 8:30 we got a lot of data out about the health of both the Canadian and US economy. First things first, the US inflation number was out, and it came in right where expected at 2.7%. it was the PCE which is the US Federal Reserve’s preferred inflation gauge. The 2.7% was…
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Wednesday Smashup
What a week it is shaping up to be. Lets take a look at some things that are going on: Scotiabank has changed their slogan. We are all familiar with ” You’re richer than you think”, but now they have changed it to ” There is more to life than more”. Apparently, they couldn’t say…
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Anyone Have A Pinecone?
Will he, or won’t he? That seems to be the million dollar question these days. Will Tiff lower rates on June 5th, or will he continue on the status quo of doing nothing? Never before have I ever seen so many people outside of the Capital Markets world worried and watching a central bank announcement.…
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FIRE!!!!
The Canadian jobs report is out, and it is fire!!! Canada added 90,000 jobs in April – far exceeding the estimates. All in all it was a decent report with a majority of the jobs being in the private sector for a change, although the part time number was a little high, but all in…
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Make it Make Sense
Yesterday saw the release of US GDP for Q1, and it came in well below expectations. Even though GDP came in at 1.6% growth – well below the expectations for 2.6% , bonds yields surged. It may seem odd that after GDP missing expectations to the downside we see bond yields shoot up, right? I…
Ryan Sims insights, thoughts, and analysis 