Market In Review 35/2022
Stocks got hammered on Friday with a weak PCE Index and hawkish Fed head. I said during the week that Powell was unlikely to go against his peers and suggest a more accommodative policy stance.
Market In Review 34/2022
Last week saw the minutes from the RBA and FOMC plus RBNZ raised to 3% and Aussie unemployment fell to 3.4% whilst Aussie wages fell too. Also, a number of Fed Heads continued to push the narrative that rates have a long way to go.
Market In Review 33/2022
US inflation numbers last week showed that it may have peaked with both CPI and PPI coming in weaker than expected.
Market In Review 32/2022
US Payrolls delivered the US Fed from credibility purgatory as rate hike odds spiked higher, bond yields jumped, and the Greenback roared.
Market In Review 31/2022
The Fed’s preferred inflation guide ticked higher on Friday as the month came to a close, and what a turnaround the month has been.
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Market In Review 30/2022
Inflation in the UK and Canada is up and the ECB surprised with 50 basis points hike, whilst PMI’s missed and media advertising spending shrinks. This is the main news from last week.
Market In Review 29/2022
NZ raised rates by 50 to 2.5%, Canada raised by 100 to 2.5% too, which surprised the market somewhat. US Inflation was up 1.3% to 9.1% and Australian unemployment fell to 3.5%. Chinese GDP fell but retail sales in China and USA both came in stronger with US Consumer sentiment also printing higher.
Market In Review 28/2022
A busy schedule in the week ahead should provide some directional trading and volatility. Last week finished with the USA job numbers coming in hotter than expected, adding 372K over an expected 260K.
Market In Review 27/2022
What inflation? The market, for no discernible reason, decided on Friday that inflation is no longer the important issue, but the looming recession is.
