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Prices are Rising as We Analyze the Best Deals of 2022

Short
SP:SPX   S&P 500 Index
The main event of yesterday was the publication of data on consumer inflation in the United States. The data confirmed the worst fears: the situation is getting worse and worse every day. With the forecast of 5.3% y / y, the actual value was 6.2% y / y. This is the highest level in the last 30 years.

The main reason for consumer inflation in the United States is a sharp rise in the price of gasoline and other energy assets. Accordingly, it will not be difficult to answer that this will be the case with consumer prices in the future - just look at the oil price chart. In general, reality sends another hello to the Fed with its temporary price increases, which does not need the intervention of the Central Bank.

Well, the markets hastily rushed to reconsider their attitude to what was happening. For the umpteenth time. That is, all these declines in the stock market, the rise of the dollar and the fall of the crypt look logical, but you should not count on their continuation - the financial markets now have seven Fridays a week.

Today is the weekend in the USA and Canada, which means you can take a break from the current news for a second and talk, for example, about the best deals of 2022 according to Goldman Sachs. The investment bank recommends buying the Canadian dollar against the Australian dollar. Motivation - The Bank of Canada will be more aggressive in tightening monetary policy, and in terms of raw materials, Canada, with its focus on energy assets, is in a better position than Australia and its metal-dependent exports.

Goldman also recommends buying copper and oil, counting on the recovery of the global economy. In addition, the Czech koruna and the Polish zloty against the euro are interesting buys. Given that the central banks of these countries have already begun to raise rates, and the ECB is openly sabotaging this process, the motivation for the recommendation seems obvious.

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