December Jobs Report Decent but with Nagging Details

The December jobs report was a tad disappointing versus expectations, but solid enough to keep the Fed firmly in pause mode, but a couple details in the report will nag at them.  Job gains totaled 145,000 in December versus 160,000 expected and while that gain pales in comparison to the 256,000 print in November, that…

Read More about December Jobs Report Decent but with Nagging Details

Limited Iranian Response Has Markets Breathing a Sigh of Relief

The early reports of a retaliatory missile strike by Iran on Iraqi military bases housing U.S. troops last night initially sent yields lower as thoughts of a widening crisis erupted. Initially, the 10-year Treasury rallied 12bps hitting a low of 1.70%, the lowest since early November. However, when reports started filtering out that no U.S….

Read More about Limited Iranian Response Has Markets Breathing a Sigh of Relief

Geopolitical Tensions Greet New Year

Geopolitical Tensions Greet New Year The U.S. killing of a top Iranian general in Baghdad last Friday and the threat of Iranian retaliation is likely to overhang the market this week. There are dozens of U.S. military installations and other assets in Iraq and surrounding areas that could be at risk of reprisal. If that…

Read More about Geopolitical Tensions Greet New Year