<CLICK TO READ THIS WEEK'S NOTEBOOK> Global equities pulled back sharply during the last week while bonds moved somewhat lower, remaining within a longer term consolidation range. High yield was an exception, moving below the recent...

 <CLICK TO READ THIS WEEK'S NOTEBOOK> U.S. equities and bonds appeared to consolidate in a wide ranging channel during the last week. Individual countries diverged and appeared to decrease their price correlation with one another. Various...

 <CLICK TO READ THIS WEEK'S NOTEBOOK> Roughly speaking, last week could be considered a consolidation week for U.S. equities albeit one with elevated volatility. The bond complex was mixed depending on where in the term structure one were to...

 <CLICK TO READ THIS WEEK'S NOTEBOOK> Market "fragility" was on display last week as global equities moved sharply lower while the bond complex largely consolidated. Recovery in the real economy continues at a slow pace. Corona virus...

 <CLICK TO READ THIS WEEK'S NOTEBOOK>   U.S. equities moved sharply higher last week while longer duration bonds retreated and shorter duration bonds largely consolidated. Global equities were mixed. The "Risk On" trade appeared to be...

 <CLICK TO READ THIS WEEK'S NOTEBOOK> The bond complex gained some ground while U.S. equities advanced last week. Global equities were somewhat disconnected from U.S. markets and roughly consolidated on the week. Market participants in the...

 <CLICK TO READ THIS WEEK'S NOTEBOOK> The bond complex sold off sharply while U.S. equities advanced last week. The bond complex ran into headwinds because of a number of possible factors including better than expected economic data,...

 <CLICK TO READ THIS WEEK'S NOTEBOOK> Both the bond complex and U.S. equities advanced while many other global equities largely consolidated last week. The President implemented marginal fiscal relief through executive order last week. While...

 <CLICK TO READ THIS WEEK'S NOTEBOOK> The bond complex advanced while global equities largely consolidated last week. Technology remains strong while the broader market continues to struggle. The real economy is in a tough spot and difficult...

 <CLICK TO READ THIS WEEK'S NOTEBOOK> During the last week, the bond complex generally consolidated or ticked higher. Global equities also gained on positive economic data.Equities appear overpriced given the overall economic situation. The...