Weekly Market Update

Obsidian Market Update 11/11/2023

Economic Update

Market Corrections and The Magnificent Seven

In 1960, some of Hollywood’s biggest actors—Steve McQueen, Yul Brenner, Charles Bronson, and James Coburn—starred in The Magnificent Seven. In today’s financial world, The Magnificent Seven consists of seven of Silicon Valley’s biggest actors: Apple, Amazon, Alphabet (Google’s parent company), Meta Platforms (parent of Facebook), Microsoft, Nvidia and Tesla.

A […]

Obsidian Market Update 11/04/2023

Economic Update

The Twist and Turns of the Yield Curve

Lately, we’re and fielding many questions about the yield curve. Today, let’s talk about what the yield curve is and what it may signal for the economy.

What is the Yield Curve?

As the image below illustrates, the yield curve tracks the interest rate and years to maturity of […]

Obsidian Market Update 10/28/2023

Economic Update

The Good Stuff

It’s easy to overlook all that’s going right in the U.S., so we’ve collected just a few of the good things we’ve been thinking about this week.

  • The labor market is going strong. Unemployment remained unchanged in September at 3.8%. The Bureau of Labor Statistics uses a complex formula to calculate […]

Obsidian Market Update 10/21/2023

Economic Update

In this issue we cover three topics that make strange bedfellows: oil prices, bugs, and estate executors. Read on to see what we’ve been thinking about this week.

Thoughts About Oil Prices

One of the macroeconomic factors we keep tabs on is the price of oil. The effect it has on our economy is hard to […]

Obsidian Market Update 10/14/2023

Economic Update

Kicking Off Q4 2023

We’ve written frequently in this newsletter about a wide range of factors affecting the U.S. economy: the effect of rising interest rates on borrowers and the housing market, the effect of inflation on buying power and consumer confidence, and the strength of the job market.

While we don’t have a crystal ball, […]

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