Senior Manager - Institutional Trading Relationship. Providing trading tools and education for advisors.
Draper, UT
Joined March 2019
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- Following491
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Michael Turvey retweeted
This is the really good news about the labor market. People are coming back into the labor force. Looks like ongoing rebalancing. It has been a slow process with a lot of ups and downs.
Michael Turvey retweeted
2Q GDP was revised down to 2.1% from the 2.4% initial estimate. Personal consumption was revised up a tenth to 1.7%, but that came in below expectations.
Michael Turvey retweeted
The smartest people I know are the ones I hear say this the most often:
“I don’t know enough to have an opinion on that”
Michael Turvey retweeted
The US Treasury selloff has been driven by long-dated notes, not those most sensitive to Fed policy. This suggests two things: traders expect inflation to stay higher for longer and they question whether the Fed is truly going to raise rates high enough to achieve 2% inflation
Michael Turvey retweeted
At the moment, market odds at 82% on the Fed taking a pass on rates in September. #InterestRates
Michael Turvey retweeted
The Fed's GDPNow has Q2 GDP growing 2.4% (a/o 7/19). We'll get the advance release on Thursday. Consensus economist estimate is 1.8%. atlantafed.org/cqer/research…
Michael Turvey retweeted
"who is possibly buying this market up here." - People with 401(k) plans
You are!
Michael Turvey retweeted
Manufacturing Construction Spending in the US continues to hit new highs, increasing 76% over the last year.
Michael Turvey retweeted
What's unique about this decline is from where it started.
Factory Orders only just turned negative, and there are many other periods when it was more negative, and a recession was never on the horizon. bespokepremium.com/interacti…
Michael Turvey retweeted
The best recession ever continues. 💪👀
May durable goods 1.7% vs -1.0%.
May new home sales 763K from 680K, versus 675K.
The Conference Board’s June consumer confidence index jumped to 109.7 from 102.5, versus 104.0.
Michael Turvey retweeted
anyone (still) hugging the narrative that it's only a few big U.S. stocks driving this surely isn't going to be happy for me to point out out that the Vanguard all world (EX USA!) is breaking out on a weekly basis here... $VEU
Michael Turvey retweeted
BAML fund mgrs overweight cash, bonds and defensives and underweight equities, esp. US.
Michael Turvey retweeted
Thinking about the last 7-8 months... right when people got excited about what they could earn on cash, it became a good time to buy stocks. Gotta love markets.
Michael Turvey retweeted
Some extreme market cap distortion today.
Despite $SPX closing in the red, 69% of the index had actually advanced for an average gain of 1.83%!
Things were more bullish than they appeared.
Michael Turvey retweeted
Bank of Canada surprise 25bp hike today after pausing in January follows yesterday’s surprise Reserve Bank of Australia 25bp hike after pausing in April.
Interpret the dot plot and officials comments all you want, but central bankers will flip and ignore everything they had said if the data demands it.
