Baker Market Update

Happy Friday Everyone! I hope everyone is finally enjoying some cooler weather and some good football games. This week brought us some key inflation releases…

Labor Day has now come and gone, and the “unofficial” end of summer is now officially in the rearview mirror. The short trading week proved…

What a difference a week makes. Following Fed Chairman Jerome Powel’s speech in Jackson Hole last Friday, the 2-Year Treasury hit 5.08%, the highest level…

In a week that has been fairly light on data, market participants have been eagerly awaiting news from the Jackson Hole Economic Policy Symposium and…

While the top news headline of the week likely belongs to Donald Trump’s latest indictment (despite it being his fourth one this year), there was…

Bond and stock markets were jostled to a rude awaking after a sleepy weekend as a wave of bank downgrades on Monday rekindled jitters about…

This week, America’s FICO score took a hit and both stocks and bonds were not thrilled with the news. On Tuesday, Fitch Ratings (one of…

The month of July has almost come to a close and will go down as the hottest month on record. With no end to the…

The weather has not been the only thing to heat up this week. After last week’s inflation data showed inflation pressures easing, markets are now…

On the heels of last week’s strong-jobs-numbers-induced selloff, rates markets were looking for some evidence of disinflation this week to counter the strength of the…

The mid-week holiday brought a short trading week, but that didn’t prevent market volatility from making an appearance. The yield on the 10yr Treasury is…

The last week of June had all the makings for extreme volatility but managed to stay relatively calm to end the quarter, despite an attempted…

Summertime officially arrived this week with the solstice, and the Fed Chairman celebrated by delivering his semi-annual Humphry Hawkins testimony on consecutive days to both…

Following 10 consecutive rate hikes totaling 500bp since March 2022, the Federal Reserve decided to leave interest rates unchanged at the June FOMC meeting. Markets…

Happy Friday everyone! The economic calendar was rather light this week and professional golf has gotten more headlines this week than the economy. As my…

Summer is here and things are warming up. That’s certainly true of the labor market, or at least the payrolls growth component of the May…

Memorial Day weekend marks the unofficial start of summer and a chance to honor the contribution of fallen service members. And if rumors are true…

This week, various Federal Reserve Presidents were scattered across the country speaking at various events. Minneapolis Fed President, Neel Kashkari, said the central bank probably…

There were very few changes with Bond yields this week as markets continue to assess incoming data and the ongoing regional banking crisis to determine…

May started out with a bang with the first week of the month giving us a bank failure, a debt ceiling crisis, a Fed rate…