Upcoming Data Releases: Weekly Headlines: The Federal Reserve backstopped SVB deposits on Monday. Credit Suisse and First Republic also received commitments of cash in the second half of the week. The ECB hiked 50 bps despite the banking sector’s price volatility. Inflation came in at consensus levels. PPI and Retail sales came in softer than … Read more
Upcoming Data Releases: Weekly Headlines: China’s Two Session’s culminates in a 5% growth target for the year, lower than some economists predicted. Two days of FED testimony sent rate expectations higher. We end of the week off with a government takeover of Silicon Valley bank, which becomes the second largest bank failure in US history. … Read more
Upcoming Data Releases: Weekly Headlines: EU inflation releases show inflation coming down less than expected. In the US markets focused on speaking tours in a light data week. Anthony Blinken met with Russian counterpart Sergey Lavrov this week. Flows: Charts Bonds diverge from equities with a softer trend. Dollar trending higher ex a divergent Pesos. … Read more
Upcoming Data Releases: Weekly Headlines: Markets sag lower ahead of CPI next week. Disney, Yahoo, New Corp, Zoom among latest firms to announce layoffs. Up to 25,000 deaths from the dual earthquakes that hit Turkey and Syria. Flows: Charts Market rally continues to fade, bonds see the strong sell. Commodity prices holding up the best. … Read more
Upcoming Data Releases: Weekly Headlines: A macro week as FED raises rates another 25 bps, in line with consensus. Markets rallied following Powell’s comments. Both the ECB and BoE raised rates 50 bps. A big surprise on the week was Non Farm Payrolls data showing 517k jobs created against a consensus estimate of 185k. Flows: … Read more
Upcoming Data Releases: Weekly Headlines: Chinese Lunar New Year activity brings optimism of renewed global normal. US and Germany commit to sending heavy tanks to support Ukraine. US earnings continue to drive equity markets higher with a 65% of companies beating expectations. Tech layoffs continue. Flows: Charts Equity continues to push higher while bonds stall. … Read more
Upcoming Data Releases: Weekly Headlines: World Economic Forum took place in Davos over this week. US Treasury begins taking special measures to prevent debt default after debt ceiling is hit. There is bipartisan agreement to the US will not default, however it seems like there will be negotiations on the matter. In data releases, Chinese … Read more
Upcoming Data Releases: Weekly Headlines: Brazil has its own January 6th moment to protest the election of Lula. Protests in France over the increase in retirement age to 64 by the year 2030. Russian forces claim to seize control of Soledar, as Russian military generals shuffled again. In data releases, US CPI comes in spot … Read more
Upcoming Data Releases: Weekly Headlines: Eurozone inflation tends to come in below consensus. 15 rounds of voting over the course of 1 week is requires to elect the House Majority Speaker. Leak forces the announcement of 18,000 job cuts at Amazon. US jobs data comes in softer than previous releases, but all remain above consensus … Read more
Upcoming Data Releases: Weekly Headlines: This week was dominated by central bank policy. Weeks sets up on another downside inflation surprise in the US, with annual core inflation coming in at 6% and total inflation at 7.1%. Market euphoria was short-lived however, as a the FED reiterated its commitment to keep tightening and warning of … Read more