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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 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

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

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

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

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

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

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

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

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.

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