Sitemap - 2025 - Early Morning with Dave
What It Means When Caterpillar Becomes an AI Play
All Quiet Outside of the Firmness in the Yuan and Copper
Precious Metals Enjoy a Precious Year
Haven Demand Sends Gold and Silver to Fresh Record Highs
A “Dovish Hike” Out of the BoJ Prompts Renewed Slippage in the Yen
RPO's Become the New (and Dangerous) AI acronym
Equity Investors Positioned Very Bullishly Heading Into 2026
Weak U.K. Jobs/Wage Data Set the Table for a BoE Rate Cut
Transports and Industrial Commodity Prices Show Breakout Signs
AI Concerns Prompt Rotation, Not Retreat
Oracle Spoils the Fed-Led Party
Investors Brace for a "Hawkish Cut" Out of the Fed as Global Bond Yields Hit a 16-Year High
A Hawkish Hold by the RBA Gives the Australian Dollar a Shot in the Arm
All Eyes on the Fed This Week - Not So Much the Deed, but the Words
The K-Shaped Economy Broadens Out Beyond the Consumer Space
Bonds Fail to Gain Ground on Heightened Fed rate Cut Views
Santa Rally Stages a (Tentative) Revival
Equities, Bonds and Crypto Stabilize After Yesterday's Drubbing
Getting Closer to a BoJ Rate Hike
Beige Book Reveals a Sagging Low- and Middle-End Consumer
Aussie and Kiwi Emerge as FX Darlings on Revised Central Bank Views
All the Hallmarks of a Major Market Top
Alphabet Nipping at Nvidia's Heels
Brace for More Volatility on a Holiday-Shortened/Thin-Liquidity Week
Technicals Are Taking Over Now That 6,550 support for the S&P 500 Was Violated
Markets Focus on Chip-Fueled Hopes Colliding with Credit Worries
The Technical Picture for the Stock Market Has Taken a Turn for the Worse
Key Week Ahead with Nvidia’s Results and the Post-Shutdown Flow of U.S. Government Data
Gilts and Sterling Roiled by Another Classic U.K. U-Turn
Some Hidden Dark Messages via the Divergences in the Dow and Nasdaq and the Small-Cap Space
Copper-Gold Ratio Flashes GDP Growth Warning
U.K. Gilts and Indian Equities (and Rupee) in Play
Markets Latch Onto the Government Shutdown Thaw and Beijing Further Loosening Rare-Earth Controls
Deflationary Cracks Surface in the Housing Market
Are the Political Winds Blowing Left?
How Deep Can This Market Reversal Go?
Risk-on Trade Hits A Speed Bump
Risk-On Trade Persists but Market Anomalies Abound
Amazon Sparks a Tech-Led Market Bounce
Markets Over-React to a Contradictory Powell Presser
The Bullish AI Trade Receives An Extension
Dallas Fed Survey Flashes the Recession Signal Nobody Seems to See
Weekend News Out of Kuala Lumpur and Buenos Aires Propel the Risk-on Trade
Solid PMI Data in the Euro Area Spark a Turnaround in Bond Yields
Growing Evidence of an AI Bubble
Bonds Like the UK Inflation News and Japanese Stocks Have Reason to Like the 'Takaichi Trade'
Outside of the French Credit Downgrade, a Slate of Positive “Event” News Reignites the Risk-on Trade
Risk-Off Trade Gets an Extension
As the AI Bubble Continues, Regional Banks Roll Over
Did Jamie Dimon Just Hint That Gold Could Go to $10,000/oz?
U.S.-China Trade Frictions Back on the Front Burner
Gold/Silver Miners Lead the Way
Gold Breaks Above $4,000 Even in the Face of the USD Countertrend Rally
A Global Spree of AI Partnerships Drives the Tech Sector to New Records
First Government Shutdown in Seven Years - One Casualty Will Be the Data Releases
Gold Hits a New Record High While Chinese Stocks Enjoy the Longest Winning Streak Since 2018
An "Everything Rally" to End the Month
Fully 90% of S&P 500 Earnings Growth and 100% of 2025 GDP Gains Have Come From the AI Boom!
Looking for a Yield Opportunity? Check Out the U.K. Gilts Market
Powell weighs in on the equity market (anyone listening?)
Cash Is Not Moving Off The Sidelines
Bond Markets Still Parsing the Fed's Message from Wednesday
Equity Markets See Something They Like as the Bull Run Gathers Steam
Markets Mark Time Ahead of the Fed
Risk-on Still on Ahead of the FOMC Meeting on Tik Tok "Framework Deal"
Asian Equities Reach Record Highs Despite Weak Chinese Data
Visions of Lower Rates and a Soft-Landing Economy
Bullish on Copper, Chile, and ... Tel Aviv!
Oracle's Booming Order Book Report Gives the Tech Trade an Added Boost
The Great Anomaly: Homebuilder Stocks Go Boom While Lumber Futures Go Bust
Job Market Slowdown and Political Uncertainty Abroad Fail to Dent Investor Sentiment
Payroll Data to Confirm the Most Sluggish U.S. Labor Market Since the Summer of 2020
Chinese Stocks Sag as Beijing Seems Set to Impose Anti-Speculation Measures
Equity Market "Imbalances" Remain a Worry; Bond Investors Still Shunning Duration Risk
Silver Train Is A-Coming; Long Duration Bonds Shaken and Stirred
Markets Ignore Waller's Very Dovish Musings
Equity Markets Shrug Off Nvidia's Disappointing Sales Guidance
Political Turmoil in France; Trade Tensions Resurface; President Trump Moves to Fire Lisa Cook
We Could Be Two-to-Three Months Away from Seeing Nonfarm Payrolls Contract
Eying a Near-Term Correction in Equities and Rally in Bonds (Question is One of Durability for Each)
RBNZ Cuts Rates and Offers Dovish Guidance –and The Long End of the Bond Market Rallies!
Trade-Weighted Dollar Index Breaks Below Long-Term Support
All Eyes on Jackson Hole This Week (Especially Powell at 10 a.m. On Friday)
Japanese and Chinese Economies Move in Opposite Directions
Scott Bessent Weighs in on BoJ Policy, Sending Both JGB Yields and the Yen Higher
A Bubble in Multiples, Market Concentration, and ... Leverage!
TACO Is Back, But Not The Trade
A Bull Market in Mega-Cap Growth Stocks Only
Tariff File Kicks into a New Gear
Chips, Profits and Geopolitics Buoy Stocks
Investors Shrug Off Weak ISM and Jobs Data as the Risk-On Trade Stages a Comeback
Equity Investors Fade the BLS and Embrace More Fed Rate Cuts Ahead
Stocks Slump With Tariffs Back In Focus
Big Tech Earnings Lift Market Sentiment
Risk-On Trade Hits the Pause Button Ahead of the Fed
When is a "Deal" Really Just a "Framework" (Or Sham)?
The Great De-Escalation: Another Day, Another Deal
The Straight-Up Global Stock Market Takes an End-of-Week Pause
In a world of value scarcity, only the VIX stands out as "cheap"
The USA and Japan Ink a Trade Deal and Markets Cheer - Investors See the EU as Next
The CRB Index Shows Signs of Breaking Out and Deserves Attention
The 'Flat Earth Society' Controls the Macro Narrative
Foreign Investors Were Not "TICked" off!
Investors Love Trump's Latest Reversal -- on Jay Powell
Bond Market Jitters Reinforced by Hot U.K. Inflation Data
Eyes on CPI as Stock Market Rally Stretches Higher
The Week Starts off with More War Being Waged on Global Trade and on Jay Powell
From Taco to Twist -- Trump Will Impose Severe Tariffs
The TACO Trade Is Fully Intact
Investors Shrug off the Latest Trump Trade Volleys
A Surprise Rates Pause by the RBA Catches Global Bond Markets by Surprise
Letters and Deals: Trade-Related Confusion Stages a Return
Fiscal Uncertainty on the Back Burner; Trade Uncertainty on the Front Burner
Equity Market Remains Fueled by Momentum, Sentiment, and an Improved Technical Picture
Dissecting the Data Dichotomies
U.S. Futures Rise Again as President Trump Continues to Collect "Wins"
Rapid S&P 500 Valuation Surge is a 4-Sigma Event in the Making
Technical Picture for the Stock Market Improves Even as Valuations Become More Stretched
Trump-Induced Cease-Fire Takes Global Stock Markets Up and Oil Prices Down
Muted Market Response So Far to the Newest Chapter in the Iran Conflict (Including Oil)
BoJ Rate Hikes in Focus as Japan's Core CPI Hits 2-Year High
Markets Watchful as Mideast Heat Intensifies
Oil Rally Hits a Wall on Fresh IEA Supply-Demand Forecasts
From a "Deal" to "Evacuate" in Less than 24 Hours
Israel and Iran Both Dig in ... But Global Equities (And the Tel Aviv 125) See Something They Like
Geopolitical and Trade Concerns Flare Up and Undercut the Risk-On Rally
The USA and China Reach a Detente While the World Bank Cuts Its GDP Forecast
Samarium Holds the Key in the US-China Trade Talks
Not a Buyer of the 'Solid' Payroll Data Narrative
President Trump Works the Phones, From Xi Jinping to Elon Musk ... And the Markets Love It!
What It Means When Millionaires Flock to the Discount Stores
Global Stocks Jump To A New Record High
OECD Brings a Knife to the Table as Americans Shift to Eating More at Home
Risk-Off Trades Back on the Front Burner
In a Year That Has Been So Improbable, the Impossible Has Happened!
Here Comes the Judge: U.S. Trade Court Shoots Down the Trump Tariffs
It's just another TACO Tuesday
BoJ and Tepid European Inflation Data Help Reverse Global Bond Yield Pressure
A Threat, a Phone, a Reprieve (Sound Familiar?)
The Great Budget Bill Dichotomy -- Higher Fiscal Deficits Coupled With Less Stimulus
The Bond Vigilantes, Not GOP Fiscal Hawks, Are The Culprits Resisting The Big Beautiful Budget Deal
Inflation Shocker Out of the U.K. And Rising U.S. Fiscal Concerns Send Global Bond Yields Higher
Equity Investors Shrug Off Moody's Downgrade and Recessionary Leading Indicator
From Extreme Fear to Frenzied Greed in 6 Weeks
Renewed Investor Macro Optimism Looks Misplaced and Premature
Keep Reading the 'Art of the Deal'
6,600 Dow Rally Points in Just Seven Days!
U.S.-China Weekend Trade Talks in Focus
Trade Deal Optimism Shifts from China to the U.K.
U.S.-China Trade Talks Boost Investor Optimism
Will Mr. Market Be “Selling the News” on Any Trade Deal?
President Trump’s Tariff View Back on Full Display in Meet the Press Interview
China Breaks Its Silence and Investors Celebrate a Looming Thaw
Microsoft and Meta Add Reinforcements to the Recent “Risk On” Atmosphere
Good Riddance to the “First Hundred Days”
Busy Week Ahead for Earnings and Economic Data
A Classic “Zweig Breadth Thrust” Has Just Been Triggered!
China Closes Its Eyes After Trump Blinks
Donald Trump Blinks and Markets Rally
You’ll Never Find Your Gold on a Sandy Beach (But You Will Here)
Week Kicks Off with a Fire Sale on U.S. Equities, Bonds, and the Dollar
Ominous Stock Market Signs from the SOX and the “Death Cross”
U.S.-China Trade War Shows No Sign of Abating; Risk-Off Trade Resumes
More Carve Outs, More Flip Flops
Did the President Blink Again?
How Things Look When the U.S. Dollar Suddenly Emerges as a Risk Asset
Liberation Day Takes a Reprieve as Investors Turn "Yippy"
Game of Chicken: Colonel Sanders Versus General Tso
Investor Hopes Pinned on “Negotiations”, “Talks”, “Deals” and “Concessions”
Is the Market Oversold? Yes. Is the Bottom In? Likely Not.
This White House Trade Strategy is Destined to Flop
The Trade War Shifts from Canada and Mexico to Asia and Europe
The Path from “America First” to “Europhoria”
Markets Jittery Ahead of “Liberation Day
The Great Upheaval Confronts the North American Auto Sector Supply Chain
A Bull Market in Mixed Messaging
Risk-Off Trade Steps On the "Brakes" as President Trump Utters the Word "Breaks"
A More “Targeted” Approach to Tariffs Renews the Risk-On Trade
Recession Risks Are Back on the Rise
Asian Defense Stocks in Play (Not Just Europe)
Equities Receive Some Capitulation Support from the BofA Fund Manager Survey
Gold Makes It to a New High as Mideast Tensions Heat up Again
Asia Rallies as Beijing Prepares For Another Fiscal Bonanza and Chinese Data Surprise to the Upside
Seventh Quickest Move to an S&P 500 Correction Since 1929
Diversification Is Not a Dirty Fifteen-Letter Word
The Un-Magnificent Seven Heads Into Bear Market Terrain
"Globalists" Get the Blame for the Stock Market Wobble
What Happened to the “Trump Put?”
Paradigm Shift in Europe Sends Regional Equities and Bond Yields Sharply Higher
Equities Rebound on German and Chinese Fiscal Reset and Softer Tariff Comments Out of Lutnick
What It Means When Nvidia’s Profits Soar +80% and the Share Price Nose-Dives
Circle March 15th On Your Calendar
Treasury Yields Knife Below Key Technical Levels
The World’s Largest Value Investor Only Sees Value in Cash and Japanese Financials
Alibaba Results Provide a Glow to Asian Equities (Hang Seng +17% Year-to-Date!)
The Japanese Yen Is Ripe for a Snapback
European Defense Stocks in Play
Are Investors Smelling a Rat on the Tariff File?
Bonds on Tenterhooks Ahead of the CPI Data
Gold Keeps Shining on Ever-Expanding ETF and Chinese Buying Activity
Japanese (Up) and German (Down) Economies Head in Opposite Directions
Bond-Bullion Barbell is Back in Vogue
Gold’s Run-Up Has Doubled the S&P 500 in the Past Year!
Unlike Canada and Mexico, China Strikes Back
Welcome to the Imperfect Storm
The Trump Tariff: Will He or Won’t He? We’ll Know Tomorrow
Powell Doesn't See It, but U.S. Employment Is Actually Shrinking
The “No Buy 2025” Frugality Theme Is Taking Hold (And Disinflationary!)
U.S. Dollar Spikes on Fresh Trump Tariff Comments
DeepSeek Prompts a Deep Sink in Silicon Valley
BoJ Finally Wakes Up and Nudges Rates Higher
Trump Offers Some Breathing Room on the Tariff File
Welcome to Trump 2.0 — A New ‘Golden Age’ Putting America First (Being “Exceptional” Isn’t Enough)
Big Day Ahead for Executive Orders
Not Much for the Inflation-Phobes to Harp About
Major Market Overreaction to the CPI Data
A Rare Piece of Good U.K. Inflation News Provides Support to Beleaguered Global Bond Markets
A Reprieve for Oversold Stock and Bond Markets
Equity Markets Take Their Negative Cue From Ever-Rising Global Bond Yields
China on the Brink of a Bear Market
Gilts Sell Off Amid Truss-like Volatility
Markets Shudder as The Fed Gets Priced Out
Watch Out for the Lags From Rental Rate Deflation
Bond Market Jittery on Fed Comments, Onslaught of Treasury Supply, and a Jam-Packed Data Calendar
China in the Spotlight: Equities With the Worst Start to Any Year Since 2016