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My view on what's going on in the financial markets and the global economy, and a few other things that might interest me from time to time.
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Who do you trust?
Do you trust the Fed, or the Bank of England, or the Bank of Japan, or the ECB, or the Bank of China? Shades of grey for sure, read on!
tim@emorningcoffee.com
Jul 15, 20225 min read
Week ended July 8th, 2022
US jobs report over-rode concerns re resignation of UK PM Johnson and assassination of former Japanese PM Abe. Bonds tank, equities rally.
tim@emorningcoffee.com
Jul 10, 20226 min read
Week ended July 1, 2022
Back to the same as equity markets tanked again this week bringing 1H22 to a close. USTs rallied though with yield plummeting.
tim@emorningcoffee.com
Jul 3, 20225 min read
Week ended June 24, 2022
Markets gained momentum as the week wore on and ended solidly in the green for the week, a break with a horrific year so far. Bonds better.
tim@emorningcoffee.com
Jun 25, 20225 min read
Week ended June 17, 2022
It was a dismal week, with cash being nearly the only long asset that was worth owning. Equities, bonds, cryptos – even oil – got hammered.
tim@emorningcoffee.com
Jun 18, 20226 min read
Week ended June 10, 2022
Nothing was pretty about this week, as the ECB being slightly more hawkish than expected and red-hot US inflation clobbered markets.
tim@emorningcoffee.com
Jun 11, 20227 min read
Week ended June 3rd, 2022
Remember that 6%+ increase in US stocks just one week ago? Forget it – we are back to normal as both equities and bond prices move lower.
tim@emorningcoffee.com
Jun 4, 20226 min read
Week ended May 27th 2022
US equities rally strongly into the close on Friday, bringing MtD returns for May into the green. Corp credit rallies too, the USD weakens.
tim@emorningcoffee.com
May 28, 20226 min read
Week ended May 20th 2022
Poor US retail earnings and a more pessimistic outlook for FY were the catalysts driving US equities this week. EM was the best performer.
tim@emorningcoffee.com
May 21, 20226 min read
Week ended May 13th 2022
This past week was a downer for equities, saved only by a late-session recovery on Thursday with the rally extending into Friday.
tim@emorningcoffee.com
May 14, 20227 min read
Week ended May 6th, 2022
Although 160 S&P 500 companies reported earnings this week, all eyes were on the Fed's and BoE's rate decisions, and on the US jobs report.
tim@emorningcoffee.com
May 8, 20226 min read
Week ended April 29th, 2022
Sentiment started poorly, stabilised and then tanked, driven generally by earnings with Amazon being a key (negative) driver.
tim@emorningcoffee.com
Apr 30, 20228 min read
Week ended April 22, 2022
Earnings dominated the news flow, mostly goods(but not all). Still, USTs and equities continues their sell-off, down sharply on the week.
tim@emorningcoffee.com
Apr 22, 20227 min read
Will Twitter be sold, and will Elon Musk be the buyer?
Elon Musk acquired an interest in Twitter, refused to go on the Board, and has now launched a hostile offer. In suspect TETR will be sold.
tim@emorningcoffee.com
Apr 19, 20226 min read
Week ended April 15th 2022
CPI and PPI were red hot, UK CPI too. Neither the equity nor bond market much liked this one bit. Gold, oil, USD better, rest pretty poor.
tim@emorningcoffee.com
Apr 16, 20227 min read
Week ended April 8th 2022
This past week was all about the Fed and its increasingly hawkish approach, which seemed to catch investors off-guard.
tim@emorningcoffee.com
Apr 9, 20227 min read
Week ended April 1st 2022
Oil settles, inflation rages, Ukraine-Russia war drags on. The result? Equities rally, Treasuries get hammered. The yield curve inverts.
tim@emorningcoffee.com
Apr 3, 20228 min read
Week ended March 25th 2022
The summary is: Global stocks: range was Nikkei 225 (+4.9% WoW) to Shanghai Composite (-1.2% WoW). Europe and EM more or less flat. S&P...
tim@emorningcoffee.com
Mar 26, 20226 min read
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