Sunset Thursday, September 1, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • Over the previous days, Fed and ECB policy makers advocating a protracted hiking cycle with yields to stay higher triggered a congruent sell-off in bonds and equities. Even with few important eco data Read more…
Thursday, 18 August 2022 Please click here to read the PDF version Markets • Since the beginning of the year up until mid-June, investors turned a blind eye to growth risks, focusing solely on inflation developments and changing reaction functions of central banks (normalization/tightening). This resulted in an unseen core Read more…
Thursday, 23 June 2022 Please click here to read the PDF version Markets • It was outright risk-off yesterday. The inflation scare traded for recession fears – a pattern we’ve observed before. Fed chair Powell did little to alleviate these concerns. In his testimony before Congress he reiterated a strong Read more…
Sunset Thursday, June 16, 2022 Daily Market Overview Click here to read the PDF-version of this report. Markets • This morning, there was hope that chair Powell’s clarification on the Fed’s normalization path could bring some ST consolidation after recent sharp repositioning. Especially Powell’s remark that 75 bps hikes won’t become the Read more…