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US Equity Risk Premium Drops, shorts build in S&P 500, US consumer confidence hits record lows

This is historically unusual and signals that equity valuations are extremely stretched relative to interest rates...

Equities are dangerously expensive…. The US Equity Risk Premium - measured as the S&P 500 earnings yield minus the 10-year Treasury yield - has collapsed to zero or negative, meaning investors are currently receiving little to no extra return for owning stocks over risk-free government bonds.

26 May 2026

Brief Reprieve In Markets, KOSPI Rallies, Nvidia, Australian Unemployment

Markets rebound on softer UK inflation, but concentration, AI euphoria and rising food costs keep risks elevated.
21 May 2026

Yields Ramp Higher, Chinese Housing Market, Bonds are NOT a Safe Haven

Bond yields surge as markets stay complacent; metals, housing and long-duration bonds all flash warning signs.
20 May 2026

UK Data Disappoints, US Adds 9.9mb of SPR Oil, New Zealand to Cut Jobs

UK jobs weaken, US yields hit 2007 highs, equities slide, SPR releases surge, NZ cuts public sector jobs.
19 May 2026

Bond Yields Grind Higher, Weak Chinese Data, Japanese PPI

Bond yields surge, oil rises, China weakens and equities wobble as stagflation and financial stress fears build.
18 May 2026

Markets Up As Trump Arrives in China, Hawkish FedSpeak, US Consumer Pain

Yields, stocks and metals rise as US inflation surges; Fed stays hawkish while consumer stress and delinquencies worsen
14 May 2026

Global Bond Crisis Re-emerging, Markets In Unusual Macro Regime, AI Capital

Bond stress returns as inflation surges; yields spike globally; stagflation fears grow amid AI boom, commodities rally and war risks
13 May 2026

Chinese PPI, American Household Budgets Pose Risk to Consumer Spending

Nasdaq and silver surge as dollar weakens; inflation rises, gas prices bite, sentiment sinks despite strong payroll headline
11 May 2026

Precious metals trend higher, AI-driven tech layoffs, US key payrolls data

Bonds continue to move lock step with Brent while precious metals have started trending higher again....
8 May 2026

Markets Jump, Europe’s Malaise, Hedge Funds Cut Tech Exposure

Stocks rally on Middle East hopes; UK yields spike; Europe weakens; tech sold off; AI traders still struggle in markets
7 May 2026

RBA Raises Cash Rate, Rupee Hits Record Low, Euro Manufacturing PMIs

RBA hikes, hawkish on inflation; rupee hits record low on oil surge and outflows; Europe PMIs strong; UK sales boosted by policy effects
5 May 2026

New Highs In S&P & NASDAQ, Americans Cut Back Spending

Stocks hit highs as yields top 5%; inflation hot; stagflation fears rise; US strong vs EU weak; AI power bottlenecks emerge
1 May 2026

Powell Goes Out Hawkish, Strong US Data, Fertiliser Markets

Hawkish Fed split lifts yields, dollar; Treasuries heavy; strong data, Big Tech beats; wheat jumps on energy-driven fertiliser shock
30 April 2026