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Global markets The aftershock of the previous week’s much stronger than expected January US payrolls report continued to reverberate across global markets last week, with equities in retreat and bond...
DXY sure looks like it is consolidating for another leg higher as EUR breaks down: AUD has little head and shoulders top:Gold held on. If oil is forming an uptrend then pain is the name of the...
Bullish investors continue to “Fight the Fed,” hoping that a change to monetary policy will reignite the 12-year-long bull market. But, for over a decade, the “Don’t Fight The...
Our base case remains negative EPS growth and a higher unemployment rate from May/June 2023. In other words: a recession. But what if we are wrong?Labor HoardingDuring the pandemic, companies...
Asian stock markets are again having a mixed reaction to overnight price action, not helped by a lower than expected Chines inflation print or the local verbiage from the RBA on continued interest...
By Greg Peel Not a Good Start Yesterday the ASX200 dipped below 7500 on the open and there found technical support. But after safely rallying back out of harm’s way by midday, the index dropped...
Market mayhem continues. DXY was firm and EUR weak: AUD looks ripe for more falls:Oil and gold fought the Fed:Metals were more circumspect:Repeat after me: the Chinese reopening is iron ore...
The stock market is betting on a Goldilocks scenario. Jerome Powell doesn’t foresee a recession, instead, he forecasts a soft landing. Apollo is bettering the soft landing scenario with an...
Last week, we discussed why the more bullish technical formations were at odds with the many recession forecasts. Not surprisingly, that article generated substantial pushback from readers, pointing...
The U.S. stock market rally this year continues to be led by so-called high-beta stocks, which are outperforming the broad market by a wide margin, based on a set of proxy ETFs through Monday’s close...
Last week, FOMO (Fear Of Missing Out) became the prevailing market narrative. As data seemed to further validate the soft landing narrative and central bankers became ‘’data...
In February's monetary policy decision, the RBA on Tuesday announced the cash rate target has increased by another 25 basis points to 3.35%. Twitter LinkedIn Email Copy Link This means the current...
Last night saw European stocks play catchup to Wall Street’s inversion on Friday night due to the stonking US jobs report that cause a massive lift for USD, with US stocks again underperforming...
In the following video, I explain what I believe to be the 3 most important things to know about the global macro outlook in February.
Movements of the S&P 500 since the Fed’s interest rate hike on Feb. 1 indicate that despite the late weekly selling, the index still managed to close last week with a 1.6% gain.Thursday’s bumpy...