Here are some selected highlights of key global economic and market data, signals, trends, etc., from our internal log over the past few days.
Clients, if you'd like more color on any of the below, or anything else that went on in global markets/economics this past week (even if it's not featured below, there's a good chance I commented on it internally), please feel free to reach out.Last Wednesday 5/8
BCA’s US Equity Strategy Team’s remarkably accurate model is the most bearish it’s been since I’ve been following it… Chief strategist Peter Berezin, however, sees potential near-term upside should data begin to weaken soon, as the market will likely rally on the notion that the Fed will, thus, become measurably accommodative... Which is my current base case as well.
Despite it being down slightly since we put on our small starter position, I’m liking the longer-term setup for the yen right here.
My view from the get-go is far more basic than the rantings of those who see a currency crisis in the making… I.e., it’s simply a matter of macro cycle timing and interest rate differentials.
BCA’s US Equity Strategy Team’s remarkably accurate model is the most bearish it’s been since I’ve been following it… Chief strategist Peter Berezin, however, sees potential near-term upside should data begin to weaken soon, as the market will likely rally on the notion that the Fed will, thus, become measurably accommodative... Which is my current base case as well.
Last Wednesday 5/8
Despite it being down slightly since we put on our small starter position, I’m liking the longer-term setup for the yen right here.
My view from the get-go is far more basic than the rantings of those who see a currency crisis in the making… I.e., it’s simply a matter of macro cycle timing and interest rate differentials.