Week In Review: The Dropouts US equity indexes were higher the week: DJIA +1.2%, S&P 500 +1.5%, NASDAQ +1.1%. Some better than expected economic data propelled US indexes higher this week. The DJIA surpassed 34,000 for the first time. Turning to flows, Japan investors increased their foreign debt purchases. The…
Founder Jens Nordvig joined Raoul Pal and Real Vison for a deep dive into the global macro outlook. They talked: – COVID end-game – Fiscal policy trends and bond market dynamics – New US policy initiatives (tax coordination etc) – Potential for ‘New Bretton Woods’ for FX – FX views…
Week In Review: Party Up? US equity indexes were higher the week: DJIA +2.0%, S&P 500 +2.7%, NASDAQ +2.6% as the US re-opening/economic recovery theme is front and center. As vaccinations and re-openings also are progressing in many developed markets, market attention is turning to global tourism, the resumption of which is…
Week In Review: A Race to the Finish Line US equity indexes were mixed on the week: DJIA +1.4%, S&P 500 +1.6%, NASDAQ -0.6%. On Friday, the S&P 500 had a late-trading session rally that pushed it to a new high. Looking back, March 23 was the one year anniversary…
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…
