Portfolio Perspective
As of June 9th, 2022
MARKET DECLINES
As we mentioned in the quarterly letter, experiencing declines in both bonds and
U.S. stock futures are higher: Ahead of the Fed announcement today, all three primary equity futures are trading higher. Investors are anticipating a 75-bps
U.S. stock futures are higher: PPI for May was +10.8% below consensus of 10.9% and the ex-food and energy was 8.3% compared to 8.6% estimate. The monthly
U.S. stock futures are lower: Following Friday’s higher than expected CPI data, equity futures and global markets are lower. The Fed starts its two-day
U.S. stock futures are lower: The European Central Bank announced its intention for a 25bps increase in July and further hikes in September, based on future
U.S. stock futures are lower: Rising 10y treasury yields hindered a meaningful market rally yesterday, with the benchmark yield closing above 3%, currently
U.S. stock futures are higher: Equity futures are looking to open higher after all three primary indexes declined last week. Treasury yields are up with the
U.S. stock futures are lower: 390k positions were added in May compared to 325k consensus and the unemployment rate is unchanged at 3.6%. The average hourly
U.S. stock futures are higher: Global energy prices have eased in morning trading with OPEC and non-OPEC countries potentially pumping more crude oil to
U.S. stock futures are higher: With the first day June, futures are in positive territory. Treasury yields are inching up with the 10y yields at 2.87%
U.S. stock futures are lower: Equity futures and Treasury prices are lower as euro zone inflation (May) was higher than estimated at 8.1% versus 7.8%
U.S. stock futures are higher: Futures markets are looking to a positive opening for equity markets, reflecting constructive earnings results from retailers