Money & Markets
Inflation, rates, central banks, currencies, bonds, liquidity, fiscal policy, and the market signals behind public narratives.
159 articles
Hot Money Chasing Growth Stocks
In recent years, a key bright light for the hedge-fund industry has dimmed as stocks of technology and other fast-growing companies have sold off, resulting in substantial losses for some big investors.
14 Jan 2022
Deflation? Not So Fast...
In a webinar on Tuesday, ARK Invest's Cathie Wood doubled down on her prediction that deflation, not inflation, will be the most important driver in the US economy in the coming year.
11 Jan 2022
The Fed Blunders, Again
After a relatively large miscalculation of inflation, supply chain bottlenecks and labour shortages, the Fed is now trying to work back against some of its mistakes. Yet, this time, many investors fear that the Fed might act too strongly and push the economy into recession.
06 Jan 2022
Cheaper Valuations May Boost Stocks
In 2021, the S&P 500 gained 27%, capping a third year of double-digit gains. Stocks are still cheaper than a year ago: the S&P 500 is currently selling at 21 times analysts' estimated earnings for the next 12 months, down from 22.8 times at the end of 2020.
04 Jan 2022
2021, A Year In Review
China's crackdown on large online enterprises, combined with a housing market meltdown, has wiped over a trillion dollars off the country's markets this year.
23 Dec 2021
High Valuations, Little Stimulus. Time For A Pullback?
Due to high valuations and less supportive Federal Reserve policies, Jim Paulsen of The Leuthold Group forecasts a 10% to 15% fall next year. However, due to ongoing solid GDP and profit growth, he anticipates a large market setback to be temporary.
20 Dec 2021
A New Hawkish Normal
As it confronts growing inflation pressures, Federal Reserve Chairman Jerome Powell suggested on Tuesday that the central bank may remove its support faster than initially planned.
01 Dec 2021
Inflation Sticks But Is Growth Sustainable?
Producer prices in the United States surged significantly in October, owing to rising costs for gasoline and motor vehicle retailing, implying that high inflation may linger for some time due to the pandemic's tight supply chains.
24 Nov 2021
The Fed's Dovish Taper
The Federal Reserve said on Wednesday that it will begin reducing its monthly asset purchases this month, with plans to terminate them in 2022, signalling the start of its tightening cycle.
04 Nov 2021
All Eyes On India
Investors have been directing money into India's stock market, which Goldman Sachs predicts could rise to more than $5 trillion in three years, making it the world's fifth largest.
14 Oct 2021
Inflation Concerns Pressure Stocks
Soaring gas prices, staff shortages, a lack of ships are putting the view that inflation will be transitory to the test. While central bankers are confident that inflation will fall, they are beginning to acknowledge that it may remain higher for longer.
05 Oct 2021
Hawkish Inflation Chorus
After last week's hawkish central bank chorus, ten-year Treasury rates are already up 8 basis points this week, leading a worldwide surge up in government borrowing costs.
28 Sept 2021
Beijing Is Preparing For Evergrande's Downfall
Evergrande, the Chinese property developer, has yet to confirm whether it would make interest payments on its US-dollar bond, a critical milestone that investors have been watching.
24 Sept 2021
Evergrande, The Tip Of The Iceberg?
China's most indebted property developer could fail to pay interests on its debt. The company might then default on its $ 305B in liabilities, sending shock waves through the Chinese real estate market.
21 Sept 2021
An Ugly September, Again?
Investors are preparing for more market volatility in the coming weeks even if equities hoover near fresh highs after seven months of straight gains.
20 Sept 2021
Fed Is Still Cautious
Powell said Friday that the U.S. economic recovery appears to be making progress, but warned that the Fed needs to be careful not to tighten its policy before enough Americans are able to jump back in the labour market.
03 Sept 2021
Higher Interest Rates? Bullard Says "Yes"
St. Louis Federal Reserve Bank President James Bullard thinks that the pandemic may have pushed the U.S. into an era of stronger growth and higher productivity. In contrast with the last decade of low growth, low productivity and low inflation.
04 Aug 2021
Bubbles? What Grantham Is Seeing
Right now, Grantham believes that the stimulus, vaccine optimism and the ongoing economic recovery have enabled investors to buy some time. Yet, serious issues such as rising interest rates, sustained inflation, labor shortages and exploding commodity prices could trigger the next fall.
22 Jul 2021
China's Careful Boost
Friday the People's Bank of China announced that it would cut the reserve requirement ratio (RRR) for all banks by 50 basis points.
22 Jul 2021
5.4% Inflation - Largest Jump In Almost 13 Years
In June, inflation continued its rapid ascend, rising at its fastest pace in nearly 13 years amid an ongoing increase in the cost of used vehicles, food and energy.
13 Jul 2021