368 days ago
Investors are split over how much further inflation will retreat. Determining the direction of inflation should be key to tactical investment positioning. Investors will watch PCE data on Friday for clues on US inflation. Do you see Core inflation staying elevated or coming down?
404 days ago
Fed fund futures are pricing cuts as soon as June. The question for the Fed is when do they start cutting interest rates, or at least according to futures. The chart is from Bloomberg, Lisa Abramowicz).
418 days ago
The US economy still holding on, despite a surge in delinquency rates and a decline in savings. Or at least, that is what the Citigroup US Economic Surprise Index is telling us. In other words, economic data is coming in stronger than expected. The economy is not decelerating as fast as many expected and earnings are also in better shape.
480 days ago
Banks outlooks are doomed and vary, but one thing in common seems that economists predict an economic slowdown at minimum in the first half of the year. Inflation is also expected to continue to come down. And there is the potential for a recession or a 'hard landing', triggering central banks to cut interest rates. Overall, market strategists tend to be more positive for the second half of 2023, but could markets play us some surprises again this year?
516 days ago
The USDCHF continues its rally over the past 3 days, up 0.5% today due to an increase in US interest rates and a softer Swiss GDP print. Additionally, with Canadian GDP wildly exceeding growth expectations (2.9% actual vs 1.5% expected), the market assumes that the same will occur in the US when the figures are released tomorrow.
