The recent price action, and in particular, the sideways trend in many segments of the capital markets, reflects the challenge investors are having in separating the wheat from the chaff. The strong co-movement of risk assets has weakened. There is a lack of near-term visibility and contradictory signals, while the trends in place since March have …
It is truly a global crisis. Old animosities and hostilities should be put aside to deal with this pandemic. A coordinated effort by the US and China marshal the resources to combat the virus and help the world economy recover from this body blow. Countless op-ed pieces in the traditional media and internet have cried, “Can’t …
The US-China trade conflict and then US-Iran confrontation distracted investors from the macroeconomic drivers of the capital markets. It is not that there is really much closure with the exogenous issues, but they are in a less challenging place, at least on the surface. A Chinese delegation, led by the Vice-Premier Liu He, who spearheaded …
Full liquidity returns to the markets gradually in the coming days, and the week ahead culminates with the US December employment report. The highlights include the service and composite PMI readings, and December eurozone and China’s CPI. The UK reports December PMIs, November GDP, and industrial output figures. While the economic reports may pose some …
High-Frequency Data may Underscore Four Thematic Points Read More »