Archive - Macro4Micro

Who Needs a Free Press?

The clock is ticking on White House non-compliance on court order to admit free press.

7 hrs ago • Glenn Reynolds, CFA

Market Commentary: Asset Returns 9-21-26

Another mediocre week in a poor trailing month that at least demonstrates tech resilience despite UST noise and FOMC tightening.

Sep 21 • Glenn Reynolds, CFA

Mortgage Rates vs. UST Curves: Spooky Memories to Ponder

We look at mortgage rates and UST curve now vs. the Oct 2023 mortgage peak and the levels in the housing bubble of 2005 and mid-2006.

Sep 20 • Glenn Reynolds, CFA

Tech Check: Weekly Price Returns 9-20-26

The Tech Check asset list saw a balanced mix of returns with more commingling of the semiconductor and software rankings.

Sep 20 • Glenn Reynolds, CFA

Weekly Returns: Benchmarks and ETFs 9-20-26

Tech equities and longer duration assets showed resilience in what was a generally poor performance week.

Sep 20 • Glenn Reynolds, CFA

UST Curve and FOMC: Mornings After

The FOMC hike annoyed Trump, but he did not follow up on his threat to cut off all trade with partners that generate a trade deficit.

Sep 19 • Glenn Reynolds, CFA

Lennar 3Q26: Metrics Keep Weakening

Lennar posted a weak 3Q26 with volumes and prices down, gross margins still in the 15% handle range, and leverage rising.

Sep 18 • Glenn Reynolds, CFA

Market Commentary: Asset Returns 9-13-26

An especially bad week across asset returns wraps up a bad trailing month.

Sep 14 • Glenn Reynolds, CFA

Refined Product Spikes: The Putin and Trump Effects

We detail diesel and gasoline prices from Putin (March 2022) to Trump (Sept 2026). Putin was a huge factor in the 2022 inflation spike.

Sep 13 • Glenn Reynolds, CFA

Weekly Tech Check Returns 9-12-26

We detail the weekly tech check returns with semiconductors back in charge and the Mag 7 again spread across the quartiles.

Sep 13 • Glenn Reynolds, CFA

Weekly Returns: Benchmarks and ETFs 9-12-26

Weekly returns came up ugly on both rates and equities as oil again spiked with bad news from the Houthis on the way into the weekend.

Sep 13 • Glenn Reynolds, CFA

UST Curve: A Brutal Week

The curve was punished this week with PPI grim, but CPI was muted. Global oil developments are raising more worries.

Sep 12 • Glenn Reynolds, CFA

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