Market In Review 26/2022
FX markets trod water last week as bonds weakened somewhat but the big story was the aggressive bounce in stocks on Friday. There was no major data or headlines for the stocks to run higher from, but there seems to be two major drivers for it. One is a short squeeze, second is the timing of the Fed.
Market In Review 25/2022
Last week the market pretty much trod water waiting for the US FOMC meeting. It needed to take a breather after the hectic sell off from the inflation numbers.
Market In Review 24/2022
The USA CPI print was higher than expected and the 14th consecutive rise. The print came in at 1% putting the annual figure up to 8.6%.
Market In Review 23/2022
Stocks faded again on Friday night as US jobs data added a healthy 390,000 but wage growth stagnated.
Market In Review 22/2022
Last week the markets rolled over somewhat with a general bounce across assets. Bucking the trend is the commodity market which continues to push higher led by oil price of course.
Market in Review 21/2022
Well last week was a bloodbath across most asset classes. US Stocks tanked into bear market territory, albeit the S&P500 closed a few ticks above the official level. The Nasdaq and Dow were terrible. Even bond yields retraced last week as did the US dollar, which has been strong for weeks.
Market In Review 20/2022
Friday calmed a week of volatility, but we expect this relief rally to be a dead cat bounce that will be sold off. Calm came from the US Fed indicting it will stick to 0.5% rises in June and July but will do more if data worsens.
Market In Review 19/2022
Last week was a howler with markets roiling in the wake of major moves and forward guidance from Central Banks.
Market In Review 18/2022
We have a very busy week ahead of us with Central bank meetings, statements and job numbers.
Market In Review 17/2022
“There was movement at the station, for the word had got around” that the Central bankers from USA and Eurozone were hawkish on interest rates last week. Rates surged in Germany and the USA to multi year highs.
