The lack of Trump’s provocative tweets this week on China brought all attention to the economic headlines and Central Banks’ sentiment around the world. Despite worse economic data last week (US non-farm payroll increased by just 130K in August vs expected 160K, and weaker US ISM Manufacturing), the macro sentiment was lifted by better than… Read More My Market – Relief trades pushed S&P500 higher
Last week the market looked serene and uneventful due to a slight recovery in US-China relationship and less provocative tweets from Trump. S&P500 and oil futures were up 2.79% and 1.7% respectively for the week. Gold reached its recent peak at 1542.81 before slipping down back to 1520.38. 10yr Treasury yield however ended up at… Read More My Market – Trade War Hurts Fundamentals
Why was it that made the stock tumbled last week ending on Friday? Two words – Fed and Trump! FOMC minutes indicated that the previous rate cut was done as an insurance to the economy. This disappointed the market greatly. Market thinks that this time the Fed underestimates the weaker global growth to maintain such… Read More My Market – Trade War is Back
Last week should have marked one of the tumultuous market actions we have seen recently. The question is if we are going to see more of such events in the coming months which is certainly would not be good for risky assets, including stocks. The turmoil in Argentina triggered the negative sentiment last Monday as… Read More My Market – Inverted Yield Curve, Beware!
S&P500 has made a comeback by climbing around 1% last week. But we shouldn’t take it as a market euphoria and everything is fine. In fact, the waiting game has now started as the VIX index is supported above 17. The symptoms of anxiety among the Central Banks globally can’t be more obvious with RBNZ… Read More My Market – ‘Weaponized’ currency