November 2023

The Week Behind It was shaping up to be an uneventful week until Thursday threw a curveball. A lackluster 30-year U.S. Treasury (US30Y) auction, coupled with Powell’s IMF remarks, pushed interest rates higher and stocks lower. However, the following day brought a ray of hope in the form of Taiwan Semiconductor, the world’s leading semiconductor…

The Week Behind The market managed to avoid all the potential pitfalls that provided bears and hawks the edge over the past two weeks. Treasury announcements alleviated concerns about mounting government debt, economic data showed signs of softness, ADP and Payrolls hinted at labor market slack, and bellwether earnings maintained investor confidence. Consequently, as the…