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Bear Markets – There is Light “Before” the End of the Tunnel

Jul 25, 2022

11:16 am

The month gone by was not too different from the month before. The same factors, i.e., inflation, rate hikes, and impending-recession-haunted markets, and the indices, both headline, and broader markets, dived to a new correction low. The headline indices missed running into the bear market territory by a small margin, and the mid-cap index officially…

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US inflation hits 9% and everything is fine right?

Jul 20, 2022

7:30 am

• US inflation surprises to the upside but the markets take it in their stride • Fed looks minded to raise rates by 75bps or more • We suspect that while inflation will fall back it may persist for far longer than the markets will be comfortable with • China’s growth disappoints but still has…

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The Fed Serves Up a Reality Check

Jul 12, 2022

11:30 am

• The Fed reminds the market of its intention to increase rates markedly and at speed • US corporate results from banking sector due this week as well as inflation report • Global energy sector looks good value despite the debate about the path for oil prices • Europe looks vulnerable to further currency weakness…

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Silver Lining

Jul 8, 2022

11:06 am

In 1913 when the U.S. Federal Reserve Board came into existence, containing inflation and limiting economic swings were its key mandates. Ironically, today the Fed has been the primary source of inflation, and the U.S. is likely already into a technical recession. The Atlanta Fed has cut its GDP forecast to -2.1% Gears of conversation…

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