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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.

tim@emorningcoffee.com

Week ended Feb 3rd, 2023

Until the end of the week, the data and earnings were saying one thing and investors were hearing another. Markets decent though till Fri.

tim@emorningcoffee.com

WEEKLY: Risk assets head to the moon!

We are going "to the moon" across risk assets of all types. Can this continue? I'm not convinced but it's been a great start to 2023!

tim@emorningcoffee.com

WEEKLY: Goldilocks CPI report spurs risk rally

A goldilocks CPI report for Dec cheered markets on Thurs. spurring further risk-on. Bank earnings had warnings on Friday that were ignored.

tim@emorningcoffee.com

WEEKLY: Damn glad that's over!

It was a holiday shortened, rather lacklustre week in markets. Good that 2022 is over. FY returns were poor across equities and bonds.

tim@emorningcoffee.com

WEEKLY: Actions speak louder than words

The Fed, ECB and BoE all did exactly as predicted, but comments following press releases were decidedly hawkish. Markets puked on this.

tim@emorningcoffee.com

WEEKLY: US CPI and midterms push markets higher

FTX goes bust, US CPI suggests possible Fed pivot, and US midterms lead to the end of Dem progressive legislation. Equities & bonds rally.

tim@emorningcoffee.com

WEEKLY: Fed, BoE raise rates; US equities / bonds take it on the chin

US equities and bonds get crushed, other global equity markets improve. USTs weaker, gold rallies, oil up and USD lower. Fed, BoE raise.

tim@emorningcoffee.com

Week Ended Sept 30th, 2022

The week, month and quarter was simply a disaster for both equity and bond investors globally, there was simply nowhere to hide except cash.

tim@emorningcoffee.com

Week ended Sept 23rd 2022

It was a horrific week brought on by central banks doing exactly what they said they were going to do. Reality is setting in and its painful

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