Archive - Macro4Micro

CPI Sept 2026: Does Chronic Inflation Need More Treatment

The CPI/PPI one-two punch is riding alongside tech valuation worries. We were out of position on CPI day, so we update our charts below.

Oct 16 • Glenn Reynolds, CFA

Macro Crosscurrents Rattle the UST Curve and Equity Valuations

The PPI numbers were especially bad after CPI already rattled markets.

Oct 15 • Glenn Reynolds, CFA

Market Commentary: Asset Returns 10-11-26

A wild sequence of events ahead with election risks at the top of the not-too-standard deviation list.

Oct 11 • Glenn Reynolds, CFA

Asset Returns: Tech Check 10-11-26

The ebb and flow of software vs. semiconductors continues with this week with software materially outperforming.

Oct 11 • Glenn Reynolds, CFA

Weekly Returns: Benchmarks and ETFs 10-11-26

A comeback week was supported by energy names rebounding and a mild long UST rally supporting dividend stocks and bond ETFs.

Oct 11 • Glenn Reynolds, CFA

Weekly UST Deltas: Moving Parts 10-10-26

A friendly move by the UST curve this week offered some relief after recent strains.

Oct 10 • Glenn Reynolds, CFA

Market Commentary: Asset Returns 10-4-26

A rough stretch for bonds and a very uneven set of returns across equities still relies on tech, energy, and commodities.

Oct 5 • Glenn Reynolds, CFA

Mortgage Creep Continues, Curve Shapeshifting Uncertain 10-4-26

Another setback along the UST curve keeps the heat on mortgages.

Oct 4 • Glenn Reynolds, CFA

Weekly Returns: Benchmarks and ETFs 10-3-26

Another poor week with energy and tech holding up well but bonds hitting another headwind.

Oct 3 • Glenn Reynolds, CFA

Weekly UST Deltas: Major Moving Parts 10-3-26

Another bad jobs report worked on FOMC odds, but the long end of the UST curve still doubts relief.

Oct 3 • Glenn Reynolds, CFA

Tech Check: Weekly Price Returns 10-3-26

The tech check asset list was balanced with semis strong but a monster quarter from Micron not moving the needle.

Oct 3 • Glenn Reynolds, CFA

Payroll Adds/Declines Sept 2026: Negative Revisions, Weak Payroll

Weak Sept jobs at +29K and -60K in revisions (July/Aug) was well timed for UST curve nerves.

Oct 2 • Glenn Reynolds, CFA

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