JohnNov 11, 20223 minWeekly roundupWas that a short squeeze or people going long? In FX at least, it looks like it was the former.
JohnNov 4, 20223 minWeekly roundupJerome Powell is doing his best impression of Field Marshal Haig. Somehow this still caught the market off guard.
JohnOct 28, 20223 minWeekly roundupThis week may have been a turning point for the world. We're not so sure about it being a turning point for the Fed though.
JohnOct 21, 20223 minWeekly roundupThe march higher in rates continued. The Fed whispered that it may pause, but their timing on this looks suspicious to us.
JohnOct 14, 20223 minWeekly roundupLots of U-turns in the market this week, but the signal may be coming from the country that is staying the course.
JohnOct 7, 20223 minWeekly roundupAn up and down week for markets, with the notable exception of oil. This seems likely to justify Wall Street pessimism.
JohnSep 30, 20223 minWeekly roundupWhat causes commodities to rally, but commodity currencies to sell off? Not something good.
JohnSep 23, 20223 minWeekly roundupThe Fed has finally started to break things. Today it was UK assets. More seems likely to follow.
JohnSep 16, 20223 minWeekly roundupThe bullish narrative, such as it was, took a beating this week, backing the Fed into a corner.
JohnSep 2, 20223 minTrade updatesThere were geopolitical escalations across the globe, and unlike their adversaries, the US doesn't appear to be trying to hide it.
JohnAug 26, 20223 minTrade updatesPowell wants you to expect less inflation. Markets may be expecting more stimulus from the US and China. For now, the Fed takes precedence.
JohnAug 19, 20223 minTrade updatesHot inflation in the UK made the market lose faith in a soft landing. The meme stock crash may not have been related, but didn't help.
JohnAug 12, 20223 minTrade updatesThe bullwhip narrative on inflation gained traction this week. EM was the big winner.
JohnAug 5, 20223 minTrade updatesIt was a week where the big risk events offset each other, which perhaps makes it easier to see some of the less obvious trends in markets.
JohnJul 29, 20222 minTrade updatesIt was a good week for Brazil, but a bad one for US/China relations. Oh and the Fed happened, but you knew that already.
JohnJul 15, 20222 minTrade updatesThis week there was a lot of noise. The signal seems to be coming from Asia.
JohnJul 8, 20223 minTrade updatesThe market became less sure that the US is going into recession, but more sure that Europe is.
JohnJul 1, 20223 minTrade updatesMarkets appear to be waiting to see what, if anything, will break. High yield debt is likely to be first.