Latest Articles that tagged "US Federal Reserve"
Warsh Gives Markets Permission to Be Selective

Warsh Gives Markets Permission to Be Selective
— Margin Notes: 2026-10-16

Kevin Warsh’s comments helped push the US 10-year Treasury yield to 5.07% while the S&P 500 gained 0.33% and the Nasdaq rose 0.08%. The important change was not a promise of easier money....

TSMC’s Beat Meets the Cost of Money

TSMC’s Beat Meets the Cost of Money
— Margin Notes: 2026-10-15

September US consumer prices rose 3.7% from a year earlier, a result that pushed the prospect of an October rate increase back into the market’s conversation....

ASML Prices the Bottleneck Behind the Boom

ASML Prices the Bottleneck Behind the Boom
— Margin Notes: 2026-10-14

A fire at an Aramco complex in Dhahran followed another Houthi attack on Saudi Arabia, while crude oil rose 0.25% to $94.38. The strike reached Saudi energy infrastructure without causing casualties,...

The 5.24% Treasury Yield Keeps Relief on Probation

The 5.24% Treasury Yield Keeps Relief on Probation
— Margin Notes: 2026-10-12

The US 10-year Treasury yield held at 5.24% on Monday, even as the S&P 500 rose 0.59% and investors prepared for a week of inflation and earnings data. That is the market’s slightly contradictory...

Brent Makes Liquidity the Day’s Real Trade

Brent Makes Liquidity the Day’s Real Trade
— Margin Notes: 2026-10-08

Brent crude reached $103.35 after attacks around Saudi Arabia and renewed reports of possible strikes involving Iran. Brent crude jumped 3.14% as supply fears returned to the tape, and the move was...

The Euro Tests the Rally's Foundation

The Euro Tests the Rally's Foundation
— Margin Notes: 2026-10-05

The euro fell 0.59% to roughly $1.12, its weakest level in 17 months, as investors marked down confidence in Europe’s fiscal and political direction. The euro slid as regional risk became a currency...

Treasuries Charge for the Unknown

Treasuries Charge for the Unknown
— Margin Notes: 2026-10-02

The United States added a carrier and 10,000 troops to the Middle East as commanders prepared for a possible escalation with Iran. The US military expanded its regional options as the conflict...

Powell's Independence Becomes a Bond-Market Variable

Powell's Independence Becomes a Bond-Market Variable
— Margin Notes: 2026-10-01

President Donald Trump said Jerome Powell should be forced to resign from the US Federal Reserve Board, while the US 10-year Treasury yield remained at 5.30%....

Robinhood Opens the Door to a More Levered Market

Robinhood Opens the Door to a More Levered Market
— Margin Notes: 2026-09-30

The US dollar is on track for its strongest month since June, while the US 10-year Treasury yield held at 5.23%. The US Fed kept one more 2026 rate hike in the conversation, and that is enough to...

Nvidia's Buyback Finds a Market With Receipts

Nvidia's Buyback Finds a Market With Receipts
— Margin Notes: 2026-09-29

Crude oil reached $94.03 while Brent approached $99.32, and the US 10-year Treasury yield stayed at 5.24%. Oil pushed investors back toward another US Fed hike, because an energy shock is not merely...

The Dollar Makes Every Promise Prove Itself

The Dollar Makes Every Promise Prove Itself
— Margin Notes: 2026-09-28

Brent crude reached $98.32 as the US government rejected an Iranian proposal tied to reopening the Strait of Hormuz, putting the inflation channel back in charge of the tape....

The 5.16% Yield Wall and the Tokenized Bypass

The 5.16% Yield Wall and the Tokenized Bypass
— Margin Notes: 2026-09-25

US 10-year Treasury yields climbed to 5.16%, cementing a new baseline that the market is struggling to digest. This isn't a temporary spike to be traded away; it is a structural shift in the cost of...