Archive - Early Morning with Dave

Weak USD Trades Begin to Show Their Verve Once Again

What Walmart is telling us about the U.S. consumer.

11 hrs ago • David Rosenberg

USD Becomes a Casualty from This Latest Round of Bessent Intervention (in Bonds)

Crack spread widening takes diesel fuel prices sharply higher — kryptonite for the transports sector

Aug 20 • David Rosenberg

Tech Sell-Off Pushes Asia Into the Red Column

AI-heavy Asian equities get hit hard, with the soaring long bond as the depressing backdrop.

Aug 19 • David Rosenberg

Heightened Mideast Tensions Force Oil Prices and Bond Yields Higher and Equity Markets Lower

A real-rate driven bond market selloff now posing risks for the stock market rally

Aug 18 • David Rosenberg

Chinese and Japanese Economies Got Bruised Badly but Commodities Rally in Any Event

Active managers back behind the eight-ball as market concentration risks expand even more

Aug 17 • David Rosenberg

Fed Rate Hikes Getting Priced Out by the Day... More Room to Go

Beige Book narrative points to downside risks to today's July retail sales report.

Aug 14 • David Rosenberg

Why Is the Oil Price Much Higher? And Why Is Cisco’s Stock Down -6%?

The media focus on Cisco's revenues; investors focus on the margins

Aug 13 • David Rosenberg

CoreWeave Results Add a Strong Bid to the AI Trade

As everyone gazes at inflation numbers, home prices are beginning to crack.

Aug 12 • David Rosenberg

Treasury Market Licks Self-Inflicted “Policy Uncertainty” Wounds

A real-rate-driven bond market selloff

Aug 11 • David Rosenberg

Major Averages Hit or Near Record Highs Even as Private Credit Shows Further Strains

Equities receive tailwind from lower oil prices and bond yields

Aug 10 • David Rosenberg

Could the Next Fed Move Be a CUT?

Will today's payroll report match the somber labor market tone highlighted in the Fed's Beige Book?

Aug 7 • David Rosenberg

Gold Quietly Stages a Revival as Rate-Hike Fears Fade and the USD Rally Stalls

The CAPE Multiple Breaks Higher to 41x, the Highest Since September 2000 (ahem)

Aug 6 • David Rosenberg

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