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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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Week ended Sept 9, 2022
The Labor Day holiday in the US on Monday and the Queen's death on Thursday framed the week, with risk assets rallying strongly on Friday.

tim@emorningcoffee.com
Sep 10, 20227 min read
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Week ended Sept 2nd 2022
August was a month of two halves, with unfortunately the second half being a reversal of fortune and a massive fade heading into Sept. Ugh!

tim@emorningcoffee.com
Sep 3, 20226 min read
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Week ended August 19th 2022
Friday was a down day in US equities and bonds. Was it an anomaly or is reality setting back in? 2y Gilt yields also were sharply higher.

tim@emorningcoffee.com
Aug 20, 20225 min read
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Week ended August 5, 2022
The BoE bumped the rates 50bps, its largest increase since 1995. The US jobs report served as a reminder that inflation is not going away.

tim@emorningcoffee.com
Aug 6, 20226 min read
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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
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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
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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
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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
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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
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