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Jan 6, 20232 min read
The trifecta of positive labour data points only raises the importance of Friday's Jobs report
US stocks are trading lower as Thursday brought more robust jobs data out of the US economy, underscoring the Fed's uphill battle to...
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Jan 5, 20231 min read
What the heck is going on in Oil markets?
With little supply reduction from Russia as a result of the price cap in the short-term, and given a lot of these barrels trade sub-$60,...
28 views0 comments
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Jan 5, 20233 min read
It is Difficult To Price In What the Fed Is Feeding Markets
MARKETS US stocks snapped an early year run of negativity on Wednesday as markets digest fresh economic data suggesting progress is being...
8 views0 comments
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Jan 4, 20232 min read
Demand jitters will likely define the market and macro milieu for the foreseeable future.
US stocks are trading lower to start the year as rallies in Asia, and Europe fail to carry over to the US, where concerns around higher...
6 views0 comments
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Jan 1, 20233 min read
As we step into 2023, the drivers of high inflation persist.
MARKETS Investors will have little time to ease back into the swing of things with a full slate of labour market data to digest. The...
16 views0 comments
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Dec 30, 20222 min read
A sigh of relief on the penultimate trading day of 2022
MARKETS US stocks are trading markedly higher on Thursday as sentiment rebounds on the back of higher-than-expected weekly jobless claims...
7 views0 comments
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Dec 29, 20224 min read
A Shudder of Geopolitical Risk
Here is a daily progression of my trading thoughts ( 4:00 AM)US stocks are again lower on Wednesday as thin liquidity and geopolitical...
18 views0 comments
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Dec 28, 20223 min read
Reopening Rekindles Inflationary Spirits
MARKETS Stocks are lower on Tuesday as US markets reopen after Christmas. At the same time, concerns over the well-entrenched 2022 wall...
6 views0 comments
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Dec 27, 20222 min read
China to scrap inbound quarantine rules
MARKETS U.S. stock futures rose at Asia open on follow-through from a relatively benign PCE last Friday, but this is the time of year...
10 views0 comments
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Dec 26, 20223 min read
A Cycle Like No Other
US STOCK MARKETS US stocks traded a touch higher Friday as investors positioned around and reacted to what turned out to be a remarkably...
13 views0 comments
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Dec 24, 20222 min read
BoJ Widens the Band, Now What
The BoJ surprisingly widened the tolerated trading band for 10y JGBs by 25bp, driven by concerns about market functioning, and USD/JPY...
13 views0 comments
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Dec 24, 20222 min read
It was challenging for traders to spin Friday's data as good news
MARKETS US stocks are trading a touch higher Friday. Still, they are on pace for a weekly decline even after what turned out to be a...
15 views0 comments
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Dec 23, 20222 min read
2022 refuses to go quietly into the night amid a macro worry shift
MARKETS US stocks are trading notably lower Thursday ahead of Friday's significant PCE inflation release and amidst what is traditionally...
8 views0 comments
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Dec 22, 20223 min read
Off-cycle earnings attract a lot of attention
MARKETS US stocks are trading notably higher, fueled by better-than-feared results from two economic bellwethers -- FDX and NKE -- plus...
13 views0 comments
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Dec 21, 20223 min read
2022 Will Not Go Quietly Into the Night
MARKETS Despite the surge in sovereign yields, the relative calm in equity markets is a welcome relief for investors who have been...
12 views0 comments
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Dec 21, 20222 min read
Higher Global Rates & A Bomb Cyclone
MARKETS US equities were a bit stronger Tuesday, but most of the market indulgence was on the surging Yen, which soared 4% against the...
11 views0 comments
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Dec 20, 20222 min read
Investors Still Fretting About the Fed
US equities were weaker Monday, with bearish sentiment still prevalent following the hawkish dial-backs delivered by the Fed and ECB last...
5 views0 comments
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Dec 19, 20221 min read
No Shortage of Economic Headwinds
MARKETS US equities were weaker Friday, with S&P down 1% with similar declines through Europe as the market continued to absorb last...
7 views0 comments
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Dec 18, 20223 min read
The Fed and ECB seem determined to leave a lump of coal in everyone's stockings this holiday season.
MARKETS US stocks sold off again on Friday as investors demonstrated a peculiar reaction to another deceleration in CPI inflation, a rate...
32 views0 comments
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Dec 17, 20223 min read
Waiting For A Rival To Run With The Currency Baton
Most top-tier bank analysts are dialling back their US Dollar forecasts on the following premises. Over the last couple of months, the...
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