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.
Market In Review 16/2022
Whilst the impact of two shortened weeks and a lot of traders and dealers out of the market for holidays, this week has some interesting points to focus on. We will be getting key data from across the globe that will show a full months’ worth of figures impacted by the Russian/Ukrainian conflict.
Market In Review 15/2022
Stocks continue to defy the market normality and remain at pre Ukraine invasion prices, despite the surge in bond yields and commodity prices. Whilst oil has calmed down somewhat, settling under $100/barrel, the tail risks are still there.
Market In Review 14/2022
Last week was a consolidation of prices as we thought. Although stock markets are ignoring the bond market as it continues to strengthen.
Market In Review 13/2022
Commodity currencies continued to strengthen with the Loonie the strongest over the last week, whilst the Yen had the biggest move, continuing to weaken. Euro and Pound also remained weak as expected.
Market In Review 12/2022
Funnily enough the stock market is ignoring all the risk events happening, and still are happening. Russian war in Ukraine continues unabated and could easily escalate across the border into NATO territory. China is still in COVID lockdown and could lock down more regions as the virus rages.
