Before December it would have been considered far too premature for the Fed to be talking about reducing the balance sheet. However, that is the discussion the Fed is now…
Expectations going into the US CPI print today is for headline inflation to rise to 7.0% year on year. The core reading is 5.4% y/y and the polled economists still…
With over 20 central banks having their rate meetings taking place this week it has been a rollercoaster. The Fed kicked off the major central banks with a more hawkish…
There are two major macro narratives in play right now and both have caused heightened market volatility. Firstly, Omicron uncertainty. Although not clear, early indications show that Omicron seems to…
This week saw investors trying to assess the threat of the omicron variant. The variant seems to be more transmissible, but is it more deadly? Do existing vaccines work? If…
Trading gold has been relatively straightforward as of late. When real yields and the USD fall together gold rises. When real yields and the USD rises then gold falls. This…
This week saw more moves higher in the US yield space which strengthened the USD. The tail end of the US yield curve is at risk of bear flattening as…
This week saw the GBP gain sharply on expectations of a December rate hike for the Bank of England. With UK inflation surging higher and employment showing strength the two…
This week started with equity markets surging, making new highs. However, it was hard for many investors to invest at these elevated prices with little in the way of major…
This week started slowly as the markets awaited the Reserve Bank of Australia, Federal Reserve, and the Bank of England interest rate meetings. How would they respond to rising inflation?…