Markets Glossary

The general price level is climbing faster than expected.

Price increases come in below expectations.

Fewer jobs added, or unemployment ticks up.

Economy growing faster than forecast.

Central bank lowers rates or signals easier policy.

Central bank raises rates or signals tighter policy.

Central bank buys bonds, injecting liquidity into the system.

Central bank shrinks its balance sheet, draining liquidity.

Short-term yields rise above long-term yields.

Yield premium on corporate bonds vs treasuries jumps.

Government bond auction sells at higher yields than expected (weak demand).

Government imposes import taxes on goods from another country.

Congress fails to fund the government; non-essential operations pause.

Election outcome unclear or disputed.

Government approves large spending or tax cut package.

Military escalation in or near a major oil supplier (Middle East, Russia).

Combatants in a major conflict reach a ceasefire or settlement.

Trade or financial sanctions on Russia, Iran, China, etc.

Company exceeds EPS/revenue estimates AND raises forward outlook.

Past quarter beat estimates but next quarter guidance is below consensus.

EPS or revenue falls short of consensus estimates.

Company commits to repurchase its own shares.

Company reduces or eliminates its dividend.

Company is being acquired.

OPEC and allies reduce oil output.

OPEC and allies raise oil output.

Hurricane disrupts US Gulf refining and offshore production.

Large net inflows into spot Bitcoin ETFs (IBIT, FBTC, etc.).

Crypto exchange or stablecoin loses peg / files bankruptcy.

Volatility index breaks above the 30 panic threshold.

Multiple corporate insiders buy company stock in a short window.