Inflation and inflation expectations are likely to be in the spotlight in the coming week. We saw a decline in US inflation expectations this week and…
Some time ago, the key phrase in the market was “monetary policy divergence.” Economies were growing at different speeds and central banks were moving to adjust…
With labor markets in focus all around the world, next week’s US nonfarm payrolls is going to be…well, as important as it always is. What’s the…
One of the highlights of the coming week will be a web-based conference held by the Bank for International Settlements (BIS): “Innovation Summit 2021: How can…
We had the Bank of Canada and the European Central Bank this week. Next week, we get three more major central banks: the Fed (Wednesday), the…
There’s been a marked change in sentiment in financial markets recently. The change has emanated from the bond market, specifically the US Treasury market, where yields…
Looking at the performance of currencies so far this year, it looks like a typical “risk-on” move: the commodity currencies have gained, and the safe-haven JPY…
Last week’s Weekly Outlook was “The Reflation Trade is On.” It seems that this week, the implications of that trade started to dawn on investors. If…
As the virus count falls in major countries and the vaccine roll-out proceeds with fits and starts, the mood in markets is improving. It helps too…
How odd…I had thought that central banks would be off my list of topics for months as they’ve all promised not to raise rates for several…
