Inflation won’t be as transitory as forecast some months agoOmicron variant a factor of uncertainty but won’t derail recoveryInflation risk moderately to the upsideBut inflation to be below target for 2023, 2024Inflation will depend on evolution of energy costsOil price has recoveredHe’s trying to a

At the
annual meeting of the Communist Party of China last year, there were a few key
points. I interpreted the content as seeking „stability“. Why do I
say seeking stability?  What’s the point?

 

The first
point of the two major points mentioned at the annual meeting is that the
demand is decl

The latest trial could see the introduction of central bank digital currency move a step closer in Switzerland. The SNB says that they integrated the digital currencies into payment systems and used them in simulated transactions involving UBS, Credit Suisse, Goldman Sachs, and Citigroup.The test sh

The value of
the cryptocurrency market rose almost 3% over the past 24 hours to 2.07
trillion. Exceeding the psychologically important circular mark pulled demand
for coins outside the top 10.

 

Separately,
bitcoin enjoyed demand from the pull into risky assets in traditional financial
markets a

Prior -5.6%Market index 580.6 vs 572.8 priorPurchase index 283.4 vs 277.3 priorRefinancing index 2,349.8 vs 2,351.3 prior30-year mortgage rate 3.52% vs 3.33% priorDespite a 19 bps jump in the long-term rate to 3.52% – the highest since March 2020 – mortgage applications were higher in the past week

Yes, it has been that long and pandemic aside, we would not be here awaiting a 7% print in US CPI later today.So, how did markets look like back then?

10-year Treasury yields were at 14%
S&P 500 index was at 110
Gold was at $350
USD/JPY was at 250

In the context of today’s leve

Oil has pretty much put behind the omicron drop to start the new year and the break above $80 yesterday is another good sign of the recent bullish momentum for the commodity.

Price is looking perky once again today, with the high touching $81.99 before easing back to around $81.50 currently.
The n

Prior +1.1%; revised to -1.3%Industrial production -1.5% vs +0.6% y/y expectedPrior +3.3%; revised to +0.2%The headline reading is not as great as what the details might suggest. The October reading was sharply revised lower to a decline of 1.3% from a growth of 1.1% previously. That also left a dra

Paul Tudor
Jones is a famous billionaire hedge fund manager. In an interview he gave to
Jack Schwager and later published in the book “Market Wizards”, Tudor Jones
reveals that he “doesn’t just use a price stop, but also a time stop”.

 

Beginner
trade

Sees at least three rate hikes this yearMarch is a reasonable date to start rate hike, balance sheet runoff should begin „soon after“There is a risk inflation is likely to be elevated for extended period of timeFed needs to respond directly, clearly, and aggressivelyA fast balance sheet runoff would