morning-brief
Your premarket read — what moved overnight, and what it means for long-term investors. A 3-minute brief from Kodiak Capital Advisors. The Setup The September jobs report came in badly short: 29,000 jobs added, against roughly 85,000 expected. July and August were revised down by a combined
morning-brief
Your premarket read — what moved overnight, and what it means for long-term investors. A 3-minute brief from Kodiak Capital Advisors. The Setup Talks between Washington and Tehran stalled over the weekend, and oil is up about 4% because of it. That's this morning's headline,
morning-brief
Your premarket read — what moved overnight, and what it means for long-term investors. A 3-minute brief from Kodiak Capital Advisors. The Setup The 10-year Treasury yield touched roughly 5.16% yesterday, its highest since 2007. That number, not the stock tape, is the story of this week,
morning-brief
Your premarket read — what moved overnight, and what it means for long-term investors. A 3-minute brief from Kodiak Capital Advisors. The Setup Oil is falling for a fourth straight session and Treasury yields are easing back from their post-Fed highs. Cheaper energy and slightly cheaper money is
morning-brief
Your premarket read, what moved overnight, and what it means for long-term investors. A 3-minute brief from Kodiak Capital Advisors. The Setup August inflation landed at 8:30 this morning: consumer prices rose 0.4% in the month, putting the annual rate at 3.4%. Gasoline did most
morning-brief
Your premarket read — what moved overnight, and what it means for long-term investors. A 3-minute brief from Kodiak Capital Advisors. The Setup The number everyone was waiting for came in hot. American employers added 162,000 jobs in August against forecasts near 55,000, the strongest month since
morning-brief
Your premarket read — what moved overnight, and what it means for long-term investors. A 3-minute brief from Kodiak Capital Advisors. The Setup Two things happened since Friday's open, and they push the same direction. Fed Chair Kevin Warsh warned at Jackson Hole that inflation's
morning-brief
Your premarket read — what moved overnight, and what it means for long-term investors. A 3-minute brief from Kodiak Capital Advisors. The Setup At 10:00 this morning, Kevin Warsh delivers his first Jackson Hole keynote as Fed Chair. Since taking the job in May he has been criticized
morning-brief
morning-brief
Your premarket read — what moved overnight, and what it means for long-term investors. A 3-minute brief from Kodiak Capital Advisors. The Setup Friday, the American consumer finally flinched. July retail sales fell 0.6%, the first decline in nine months, and a wide miss against expectations of a
morning-brief
Your premarket read — what moved overnight, and what it means for long-term investors. A 3-minute brief from Kodiak Capital Advisors. Note: I apologize for missing the last two editions of Base Camp, my kids have been sick, unfortunately in sequence, and I didn't have time to
morning-brief
Your premarket read — what moved overnight, and what it means for long-term investors. A 3-minute brief from Kodiak Capital Advisors. The Setup The war premium is coming out of oil. President Trump called off a planned strike on Iran over the weekend and pointed instead toward talks on