Episodes
Monday Feb 27, 2023
US PCE inflation data spikes yields, but US equities hold the line.
Monday Feb 27, 2023
Monday Feb 27, 2023
Link to slide deck: https://bit.ly/3IVT2IZ -
The hot core US January PCE inflation data spooked markets on Friday as the market was forced to take Fed rate hike expectations to new cycle highs, with even discussion of the possibility of a 50-bp hike at the March FOMC meeting. Equities have been quick to recover as critical support held Friday, but the USD is firmer. Elsewhere, we note the many assets linked to the China reopening narrative struggling, from copper and other metals to AUD, etc., we also look at grain prices hitting new 1-year lows, look at the focus for equity markets this week on incoming earnings and more. Today's pod features Today's pod features Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.
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Intro and outro music by AShamaluevMusic