Inside Markets

The bond market has been pricing in increased inflation volatility since the January Jobs Report, while equities remained relatively resilient.  Would you like to learn more about Jackson Square Capital or receive Inside Markets as a daily email? Join the Jackson Square Capital community by sending an email to hello@jacksonsquarecap.com.

Until last week, equity markets had been relatively resilient in the face of higher terminal rate expectations following the strong January Jobs Report. Would you like to learn more about Jackson Square Capital or receive Inside Markets as a daily email? Join the Jackson Square Capital community by sending an email to hello@jacksonsquarecap.com. 

The idea of a cyclical recovery without monetary accommodation seems wildly optimistic. Would you like to learn more about Jackson Square Capital or receive Inside Markets as a daily email? Join the Jackson Square Capital community by sending an email to max@jacksonsquarecap.com.

Last week's break in the S&P 500 below 4100 was the first technical sign of weakness. Would you like to learn more about Jackson Square Capital or receive Inside Markets as a daily email? Join the Jackson Square Capital community by sending an email to max@jacksonsquarecap.com.

Oil prices rise when OPEC is the wing producer, and we'll see higher prices - maybe much higher prices in the future. Would you like to learn more about Jackson Square Capital or receive Inside Markets as a daily email? Join the Jackson Square Capital community by sending an email to max@jacksonsquarecap.com.

The no-landing narrative that emerged after the strong January payroll number drives a cyclical recovery theme in equity markets. Would you like to learn more about Jackson Square Capital or receive Inside Markets as a daily email? Join the Jackson Square Capital community by sending an email to max@jacksonsquarecap.com.

As we noted yesterday, we’re discounting the signal quality of the January payroll data given the outsized role of seasonal adjustment factors. Would you like to learn more about Jackson Square Capital or receive Inside Markets as a daily email? Join the Jackson Square Capital community by sending an email to max@jacksonsquarecap.com.

We are discounting signal quality of the January payroll data as well as the supposed message in today's CPI report. Would you like to learn more about Jackson Square Capital or receive Inside Markets as a daily email? Join the Jackson Square Capital community by sending an email to max@jacksonsquarecap.com.

Equity markets take initial direction from headline CPI with consensus looking for a decline to 6.2% YoY in January from 6.5% in December. Would you like to learn more about Jackson Square Capital? Join the Jackson Square Capital community by sending an email to max@jacksonsquarecap.com. 

US equities are mixed with the S&P 500 on track for its worst week of 2023. Would you like to learn more about Jackson Square Capital or receive Inside Markets as a daily email? Join the Jackson Square Capital community by sending an email to max@jacksonsquarecap.com.

Catalysts ahead include Michigan inflation expectations and two Fed speakers tomorrow, but markets remain focused on Tuesday's CPI report. Would you like to learn more about Jackson Square Capital or receive Inside Markets as a daily email? Join the Jackson Square Capital community by sending an email to max@jacksonsquarecap.com.

Terminal rate expectations drift higher as markets digest implications of last Friday's strong Jobs Report and tight labor market conditions. Would you like to learn more about Jackson Square Capital or receive Inside Markets as a daily email? Join the Jackson Square Capital community by sending an email to max@jacksonsquarecap.com.

Fed rate expectations have repriced higher since Friday's Jobs report, but the drawdown in equities thus far has been short and shallow. Would you like to learn more about Jackson Square Capital or receive Inside Markets as a daily email? Join the Jackson Square Capital community by sending an email to max@jacksonsquarecap.com.

Today's pod discusses catalysts from January and the potential impacts on the S&P 500. Would you like to learn more about Jackson Square Capital or receive Inside Markets as a daily email? Join the Jackson Square Capital community by sending an email to max@jacksonsquarecap.com.

Disappointing overnight earnings and an unfavorable Jobs Report have US equities lower. Would you like to learn more about Jackson Square Capital or receive Inside Markets as a daily email? Join the Jackson Square Capital community by sending an email to max@jacksonsquarecap.com.

Mega-cap earnings and tomorrow’s Jobs Report are expected to have a material impact on markets. Would you like to learn more about Jackson Square Capital or receive Inside Markets as a daily email? Join the Jackson Square Capital community by sending an email to max@jacksonsquarecap.com.

Monetary factors are at the center of the current market narrative, with recent equity upside yesterday driven by weaker-than-expected Employment Cost Index and positioning ahead of today’s Fed meeting. Would you like to learn more about Jackson Square Capital or receive Inside Markets as a daily email? Join the Jackson Square Capital community by sending an email to max@jacksonsquarecap.com.