Week In Review: Deja Vu? US equity indexes were lower on the week: DJIA -0.5%, S&P 500 -0.8%, NASDAQ -0.8%. Senior Advisor, Chris Marsh’s, notes on the Federal Reserve: “The decision on the margins of the FOMC meeting last week to instruct the FRBNY to increase counterparty limits on ON RRP from…
Week In Review: May Day US equity indexes were stronger on the week: DJIA +4.1%, S&P 500 +2.6%, +3.1% NASDAQ. Positive news boosted the outlook for the economy and risk seeking sentiment. On Wednesday core CPI for February came in at +0.1% m/m – slightly below expectations. On Thursday, President…
Week In Review: Optimism Unsettles US equity indexes were mixed on the week: DJIA +1.8%, S&P 500 +0.8%, NASDAQ -2.1%. Re-opening optimism is unsettling the market. The US vaccine supply timetable has been brought forward (see Covid section), February payrolls surprised to the upside, and more fiscal stimulus is expected – supporting risk…
Week In Review: UnYielding US equity indexes fell on the week, unsettled by quickly rising US yields: DJIA -1.8%, S&P 500 -2.4%, NASDAQ -4.9%. There are macro dynamics in motion that we have never seen before, and asset markets are, correctly, responding to great uncertainty ahead. Moves seen on Thursday…
Week In Review: Commodity Prices & Yield Spikes US equity indexes were flat to down for the week: DJIA +0.1%, S&P 500 -0.7%, NASDAQ -1.6%. The strength in commodity prices in recent sessions, particularly industrial metals, is supporting the terms of trade for commodity exporters. This is visible in our…
While many focus on the rise of bitcoin (50K today 16 February 2021), central banks are working in the background to create their own digital currencies. Our Head of Asia Pacific, Grant Wilson, contributed to this CNBC video report on the topic which has received a lot of attention. Joumanna…
Exante Data Founder Jens Nordvig on Bloomberg Surveillance about US yield curve and dynamic for the US dollar. He also talks GBP and its bullish dynamic due to the UK’s positive vaccine rollout and the fact that the Bank of England has put its negative policy rate scenario on…
Jens talks coronavirus vaccination pace – US and Europe. Pfizer’s German facility producing vaccines is coming online. The desire now is to get the hospital pressure under control, speed up the vaccinations, and open up the services sector. He also talks the Fed’s Powell strong forward guidance and China’s creation…
Week In Review: Shots, Shots, Shots US equity indexes rose modestly for the week: DJIA +1.0%, S&P 500 +1.2%, NASDAQ +1.7%. The VIX index retreated to just under 20.0 on Friday. The US 30 year bond yield (2.00%) is back to where it started 12 months ago pre-pandemic – that’s…
The Office of the United Stated Trade Representative announced its first key senior staff appointments. Brad Setser, formerly of Exante Data and the Council on Foreign Relations, has been appointed Counselor, “providing advice on a broad range of trade and economic policy matters.” Founder Jens Nordvig says, “We wish Brad…
Week In Review: The Game Stopped US equity indexes rebounded from the previous week’s losses: DJIA 3.9%, S&P 500 4.6%, NASDAQ 6.0%. Last week’s unusual activity involving GameStop and equity market pullback subsided and the market focused on the optimistic topics of US fiscal stimulus hopes and the continued vaccine roll-out. …
Week In Review: An Unusual Episode US equity indexes had their largest losses in three months: DJIA -3.3%, S&P 500 -3.3%, NASDAQ -3.5%. This was a highly unusual week in the market. A technical situation occurred mainly with GameStop (GME), which involved retail traders, with the help of social media, combining…
Behind the Markets Podcast: Wharton Finance Professor Jeremy Siegel covers the latest economic news from monetary stimulus and jobless claims to the potential increase in the minimum wage. Plus a look at digital currency markets and the changing consumer market during the pandemic. Guest: Grant Wilson – Head of Asia…