September 28th, 2026

Stocks Shrugged Off 5% Yields. Now the Jobs Report Gets a Vote. Last week, the 5% on the 10-year was the data point to watch. It broke, and stocks kept goinganyway. The 10-year closed at 5.17%, up from 5.00% a week ago. After finishing Thursday at 5.18%, after...

September 25th, 2026

The Market Absorbed a Lot This Week, and Held Together The economy isn’t breaking; the bond market is repricing it. Strong growth and resilient earnings remain supportive, but they also limit the Fed’s ability to ease, and this week showed that even...

Week of Sep 21st

The Fed Hiked. Now the Market Has to Prove It Can Live With 5% Yields The Fed raised rates a quarter point last week, to 3.75%-4.00%. It’s the first hike since 2023,and the reason is simple: inflation won’t come down and the economy keeps holding up....

September 18th, 2026

Uncomfortable Doesn’t Mean Unhealthy The Fed is back in hiking mode, and global central banks are following hikes; the 10-year Treasury briefly crossed 5%, oil remains above $100, and questions around AI spending haven’t disappeared. Yet the economy continues to...

Monthly Outlook

The Price of Money Is Becoming the Market’s Biggest Test Earnings and growth are holding up. Rates, oil, and inflation are driving a more cautious macro view. The bull market is still standing on solid ground with decent growth and great earnings. However, the...