Five Minute Macro 12-12-2022

The pace of Fed tightening remains the main driver of global markets, while inflation remains the focus of the Fed and other central banks. However, recession fears are beginning to replace inflation fears as the tightening is slowing growth, which is pushing energy prices to yearly low levels. Finally, Chinese assets have been supported by a shift in Covid policy.

Five Minute Macro 11-1-2022

Hopes the Fed will dial down its tightening pace are driving market sentiment and weak tech earnings don’t stop overall markets from rallying. Global recession fears increase as data worsens and inflation shows signs of easing. Finally, Chinese assets struggle as Xi asserts control.

Five Minute Macro 10-17-2022

Fed tightening continues to unsettle financial stability while the UK U-turn helps settle things down. Earnings season is off to a solid start as investors look for signs of easing inflationary pressures. Finally, Chinese markets find support from President Xi.

Five Minute Macro 9-21-2022

Divergent global central bank policy remains the driving force in markets as recession concerns intensify. While inflation remains high, investors look for signs of easing but the war keeps energy prices elevated. Finally, crypto remain under pressure.

Five Minute Macro 8-29-2022

Divergent central bank policies are even more apparent following Jackson Hole, while US data in focus ahead of Jobs data this Friday. Global inflation shows signs of easing but the EU energy crisis continues and China provides stimulus in the face of slow growth and property risks.

Five Minute Macro 8-22-22

Divergent central bank policies remain as the driving factor in markets as economic data continues to muddle the outlook. Global inflation remains elevated, but macro headwinds in China and nuanced corporate earnings join the list.

Five Minute Macro 8-9-2022

Elevated inflation levels remain the front and center following last week’s blowout jobs report. Currency markets continue to move on divergent central bank policies and geopolitical risks intensify around Taiwan. Finally, the Senate passed the Inflation Reduction Act and sent it to the House for passage this week.