Labour Day Halts Most Markets Except for Canada and the U.S.
Despite expectations of a rate hike this week, the US stock market continued to surge. The Fed is expected to raise the Fed Funds Rate by 25 basis points, but US bond market pricing indicates that the Fed may pause until November. The Dollar rose after inflation grew at a slower pace in March, and gold ended a notch higher for April. The Yen fell across the board after the Bank of Japan maintained ultra-low interest rates, while WTI closed Friday’s session up 2.7%.
2022 is a Year to Remember or a Year to Forget?
Weekly Market Wrap – Sunday, January 1, 2023 ✅ After a bull market that lasted for 13 years since the Global Financial Crisis of 2008-09, financial markets experienced a massive pullback. In fact, 2022 is just one of five in the last 100 years where both bond and equity markets finished in the red. For […]
What’s in focus for Aug. 24 – 28 on Politics, Economy, Covid and the FED
This week, the highest impact economic events will be the Republican National Conference starting on Monday, the August IFO survey for Germany on Tuesday, and the Federal Reserve Chair Jay Powell speaking at the Jackson Hole Symposium on Thursday. Powell’s speech, which will reveal the findings of the Fed’s long-running review on monetary policy, is expected to be the marquee event of the week. Powell is expected to guide inflation expectations higher while keeping nominal yields anchored, but traders will be keen to see how close they are to moving to a more defined forward guidance, and specifically the appetite to move sooner to average inflation targeting.