Are stocks on steroids or they are playing great music indifferent of what future is holding, just like Titanic? Last week, stocks went on to set a new record high while the long-end U.S. Treasury nominal yield was marginally lower. Our message is “welcome to the topsy-turvy world of the 21st century policy making”, with …
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Last week, was certainly not a boring week, as stocks first hit a new record high, then finished the week on a losing stream. On Friday, we had triple witching, i.e. every three months on the third week, with the same loosing pattern amid an extremely tight trading range which led to a compressed market …
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As we enter the summer not only the weather is heating up, but also inflation as measured by CPI. Last week, major global indices extended the record and government bond yields collapsed to their three-month low. The consumer price index (CPI) rose 5% from a year ago with the core index, i.e. excluding food and …
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Last week, started with a lack of motivation as trading showed no clear direction. Traders' eyes were on Friday's job data, which created random trading with low volume. The Friday job data, as so many investors hoped to provide a new momentum, was not fantastic, but not bad either, in our view. Investors once more …
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