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Week Ahead
The sky’s the limit for Equities: S&P 500 and Nasdaq 100 make new all-time record highs. No big disruptions from the elections, as Labour won in the UK and the New Popular Front is forecasted to win in France. Watch out for Chairman Powell’s Humphrey-Hawkins testimony on Tuesday, US CPI on Thursday, and US PPI…
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Week Ahead
Slight losses for Equities; Japan shines boosted by the weak JPY; bond yields go up again. Uneventful Core PCE Price Index; still expect the Fed to cut in September and December. A disastrous debate by President Biden has left the Democratic camp wondering whether they should replace their candidate. Watch out for Chairman Powell’s speech…
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Steady week for Equities and Bonds; on Friday pay attention to the Core PCE Price Index, the Fed’s preferred measure of Inflation. The SNB surprisingly cuts its Policy Rate by 25bp to 1.25% to rein in the Swiss Franc’s strength: BOE stays put as expected. Nasdaq 100 is the new king of the hill YTD,…
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Earnings save the week (and the markets); strong reports from Microsoft and Alphabet, with the latter introducing its first dividend. Sticky inflation will keep rates higher for longer – possible cut by the Fed to only start in December? Now neutral on equities and bonds, and long USD. Watch out for US Nonfarm payroll, US…
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Tough week for equities, with the market selling all the recent winners. Netflix disappoints, we’ll see this week if this was company-specific or if there is a malaise in tech earnings. Now neutral on equities and bonds, and long USD. Watch out for US GDP on Thursday and for US PCE Core Price Index on…
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Equity markets are on a roll; bonds and yields are mostly stable. Another NFP is to come before the Fed’s June meeting; no change is expected until September. Now neutral on equities and bonds, and long USD. Watch out for Nvidia’s earnings on Wednesday. The biggest tail risk is inflation staying high(er for longer), forcing…
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