Market In Review 41/2022
Bad news is “good” for the market and good news is “bad”, as a healthy unemployment report and 50 year low number for the USA, sends investors panicking to offload risk assets. The cat was very much dead on the bounce this week.
Market In Review 40/2022
A nasty quarter ends on a nasty note for investors, but for traders, the volatility brings more opportunities.
Market In Review 39/2022
We note that 8 central banks raised rates this week and now global recession is inevitable after this very volatile week. Even JayPow used the dreaded R word in his presser as he flipped from hawkish and dovish commentary.
Market In Review 38/2022
US Inflation caught the market out, well the stock traders anyway. We knew better than to be buying into the idea that the Fed will pivot or that inflation has gone away.
Market In Review 37/2022
The Central Banks raise rates with the Aussies dragging its heels stubbornly. Both the BOC and ECB raised by 75% with hawkish commentary signalling higher rates to come, whilst the RBA raised by 50% with Lowe hinting that the next move will be smaller and slower, putting him out of line with the majors.
Market In Review 36/2022
US stocks ended the week on a downer. It looked like late in the week it had stopped right on the 61.8% Fib level and found support, maybe even a bounce. That seemed to be confirmed on Friday when US Non Farm Payrolls came in with mixed results.
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.
