The main event of the week, of course, was the wave of panic that covered the markets on Friday. That is, everyone became nervous on Thursday, when the announcement of the WHO meeting appeared due to a new strain of the virus, which was even given its own name Omicron. Well, on Friday, after the new strain was recognized as even more infectious and potentially...
Yesterday was Thanksgiving in the USA, so the American session was very passive, and there was no particular news. Is that a local panic in connection with a new strain of coronavirus from South Africa. Let's take advantage of this pause in the information flow and talk about palladium. Why about him and why now? Bloomberg Commodity Index continues to grow and...
In terms of macroeconomic statistics, yesterday also included the weekend Thursday and Friday. So there was no end of the data. To begin with, the Reserve Bank of New Zealand raised the rate by 0.25% to 0.75%. This is the second increase this year. And although the New Zealand dollar has not yet appreciated this very much, it is worth taking a closer look at the...
Erdogan continues to demonstrate miracles of economic insanity. His attempts to change economic laws by the sheer force of his will, of course, inspire some respect in terms of perseverance, but this does not make the lyre any easier. After three successive rate cuts amid inflation of 20%, some experts began to hope that Erdogan would be good at 2 + 2. But the...
Purely statistically, the current week for the US stock market should be successful. Beginning in 1950, on average, the last five trading days of November ended with an increase in the US stock market. The market has a two-thirds chance of rising on the day before Thanksgiving, and a 71% chance of the market rising on the Monday after Thanksgiving. But these are...
The past week did not seem to bring anything radically new to the balance of power in the financial markets, and there were no important planned events either. But as a result, a lot of things have accumulated, starting with the signing of an infrastructure plan by Biden and the adoption by Congress of a social spending plan for almost 2 trillion, ending with...
Yesterday can hardly be called overly eventful in terms of news. Perhaps the main news can be considered another attack of economic insanity on the part of the Bank of Turkey. After Erdogan multiplied the independence of the country's Central Bank by zero, his vision of economic laws materialized in the form of a change in the vector of monetary policy in the...
Yesterday was rich in inflation data from everywhere: the Eurozone, Great Britain, Canada. And decisively everywhere it grew, even relative to the already multi-year maximums. Take the UK, for example. Consumer prices there rose to their highest level in the last 10 years, and if you look at retail prices, they generally climbed to rates that have not been seen...
Yesterday can be called a retail day, at least on a US scale. Data on retail sales in the United States were published, as well as reports from key retailers: Walmart and Home Depot. And it was a good day. Retail sales in the US rose 1.7%, while experts expected growth of 1.4%. The reporting of retailers was also encouraging. Both Walmart and Home Depot's...
We already wrote last week that the analysis of basic investment multiples shows that Tesla shares are overvalued by an average of 40 times relative to competitors. The other day, one of the legends of the investment world, Jeremy Grantham, warned that a bubble was inflated from Tesla shares. Tesla's current stock prices are a projection of investor expectations...
The past week was quite busy for the financial markets. And if it began very positively for risky assets with the news that Congress had finally adopted Biden's infrastructure plan, then after the publication of inflation data from the United States, the mood changed radically. Manufacturing inflation has renewed historical highs, while consumer inflation has...
Electric car startup Rivian continues to fly sideways. Shares rose another 22% yesterday, bringing the company's capitalization to over $ 100 billion (more than Ford or General Motors). At the same time, the startup did not earn a penny, but generates losses at a rate of 1.2 billion per quarter. The world has definitely gone crazy. But since in the case of Rivian...
Musk was the main hype generator in the financial markets yesterday. This time, he was not promoting Dogicoin or bitcoin. Instead, he staged a clowning on Twitter in the form of a vote to sell him 10% of his stake in Tesla or not. We will not describe the nuances of taxation of billionaires or Musk's option to buy almost 23 million Tesla shares at $ 6.24 apiece...
Markets have been waiting a long time for the past week as it could become the game changer that will reshape the financial markets landscape. Naturally, we are talking about the expectation of tightening of monetary policies by the leading central banks of the world. Judging by the reaction of the stock markets, these results were perceived as carte blanche for...
The Bank of England extended the series of disappointments for those who expected a change in the vector in the monetary policies of the leading Central Banks. Following the ECB and the Fed, the Bank of England said that inflation is temporary and does not require much intervention, since the problem will disappear by itself over time. This mantra has been...
The main event of this week - the meeting of the Federal Reserve Open Market Committee - was generally held in line with the expectations of the markets. Tapering will be: from November, the volume of asset purchases by the Fed will be systematically reduced by $ 10 billion a month. It would seem to be the most material signal for the markets that the money rain...
On the financial markets yesterday it was expected to be unchanged. Greed was off the charts, pushing prices in the US stock market to new highs. The earnings season remained the main generator of optimism injections . According to the latest data, among the companies that reported the SP500 (more than half of the companies have already published their reports),...
Even though China's second-largest developer Evergrande escaped default again last week by paying at the last minute, it's still a long way from a happy ending. And the point is not even that another large developer from China cannot pay off its obligations (Yango Group said on Monday that it is going to extend payments on three of its dollar bonds). The problem...