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Macro and Markets Review for August 2024

Sep 5, 2024

6:07 am

The month’s feature was the massive spike in market volatility after the Bank of Japan surprised the market by increasing interest rates, and worse than expected US employment data led to fears of a US recession. The rise in BoJ rates led to a significant closing off of the so-called Yen carry trade, where investors…

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Building the Case for 50bps?

Sep 3, 2024

6:28 am

• This week’s US eployment report has the power to push the Fed to cut by 50bps • Income seeking strategies the lower risk way of enjoying a further run in US equities • Japan continues to shape its normalisation with good outcomes for the equity market A clearer picture on whether the U.S. Fed…

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Fed Rate Cut – There’s No Turning Back

Aug 27, 2024

10:32 am

• Jerome Powell gives am emphatic message that the Fed will cut rates • The market expects measured rate Fed cuts, at 25bps per meeting, over the next six months • The pace of rate cuts will be data dependent and could be more aggressive if the labour market shows further weakness • The dollar’s…

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Back to Normal?

Aug 19, 2024

10:06 am

• Equities have recovered their poise, helped by bond yield that have stayed low • US economic data may have surprised to the downside, but growth has momentum • We would ride the equity rally from here with tech, interest rate sensitives and Japanese equities • Gold’s all-time high is a good reminder of the…

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