• US10YT=X

US services sector activity grows, while job openings expand

• MID
• US10YT=X
• US2000
• US30YT=X
• US500

Wells Fargo expects just one rate cut from the Fed through 2027

Wells Fargo forecasts a 25 basis point cut to the federal funds rate in 2025 but no further cuts until 2027, amid labor market weakness and inflation concerns.

• CL
• DJI
• EUR/USD
• GBP/USD
• IXIC
• LCO
• US10YT=X
• US500
• USD/JPY
• USDIDX

Stocks end strong year with a whimper as yields apply pressure

Global stocks fell as U.S. Treasury yields rose. Despite profit-taking, 2024 was a strong year for equities, with significant gains in major indices driven by AI and economic growth.

• FMCC
• US10YT=X

US pending home sales hit 21-month high in November

Contracts to buy previously owned U.S. homes rose 2.2% in November, marking four consecutive months of gains due to improved inventory and steady mortgage rates.

• CN10YT=RR
• EUR/USD
• GBP/USD
• GC
• HG
• NDX
• US10YT=X
• US2YT=X
• US500
• USD/CAD
• USD/JPY
• USD/MXN
• ZL
• ZS

How are CTAs positioned entering 2025?

CTAs have slightly gained 2.55% in 2024, recovering from volatility. Their positioning is polarized across fixed-income, commodities, and currencies, with significant market sensitivities.

• CL
• EUR/USD
• GC
• LCO
• MIAP00000PUS
• US10YT=X
• US500
• USD/JPY

Asia shares dip as high yields test valuations

Asian shares declined as high Treasury yields challenge Wall Street valuations. U.S. dollar remains strong; concerns over corporate earnings growth expectations may influence investment decisions.

• BTC/USD
• US10YT=X

Legendary Trader Peter Brandt Bashes Fed and Its Recent Policy Pivot

Peter Brandt criticizes the Fed's actions amid rising inflation while highlighting the disconnect between monetary policy and market reactions. Bitcoin struggles following Fed's tightening announcement.

• DJI
• IXIC
• US10YT=X
• US500
• US7YT=X

U.S. equity flows turned mostly negative in the week leading up to Christmas

U.S. equity flows turned negative pre-Christmas with significant outflows from equity funds, while bond funds attracted inflows amid rising Treasury yields.

• 1YMH25
• DJI
• ESH25
• IXIC
• NQH25
• US10YT=X
• US500

US stocks open lower as the holiday-shortened week ends

U.S. stocks opened lower amid soft trading. Tech giants declined due to higher treasury yields, while jobless claims showed mixed indications for hiring, affecting Fed's rate policies.

• DJI
• IXIC
• US10YT=X
• US500

Stock market today: S&P 500 ends week higher despite tech wreck from rising yields

The S&P 500 rose for the week, despite tech stocks' selloff due to rising Treasury yields, impacting market dynamics and crypto stocks led by MicroStrategy's decline.