The information in this message does not represent any financial or investment advice. They're just random thoughts in my head. gm **MACRO** - Equities didn't have the best of weeks last week after an FOMC that came out more hawkish than expected (thanks again JPOW) but Friday's close was mostly unchanged and futures are opening just a touch lower this morning. Something that I think is important to note, is despite commentary being rather hawkish, last week we saw central banks and policy makers across the UK, US, Japan and Switzerland all decide to hold rates rather than raise them. When you step back and zoom out I think that's a rather important and monumental point given the hiking backdrop we've seen for the past 18 months or so. The market may get disappointed that we aren't expecting more rate cuts next year, but it's important to note we are pretty much at the end of the hiking cycle...it's just a question of "wen" now. Wrt economic data there's not much this week but next Friday we'll have payrolls which will then kickstart the next slew of data. Labour market data gonna be very important here as Powell as started to acknowledge it's softening, and we'll be looking to see if that's a trend that'll increase.
Market Update: Mon 25th Sep
Market Update: Mon 25th Sep
Market Update: Mon 25th Sep
The information in this message does not represent any financial or investment advice. They're just random thoughts in my head. gm **MACRO** - Equities didn't have the best of weeks last week after an FOMC that came out more hawkish than expected (thanks again JPOW) but Friday's close was mostly unchanged and futures are opening just a touch lower this morning. Something that I think is important to note, is despite commentary being rather hawkish, last week we saw central banks and policy makers across the UK, US, Japan and Switzerland all decide to hold rates rather than raise them. When you step back and zoom out I think that's a rather important and monumental point given the hiking backdrop we've seen for the past 18 months or so. The market may get disappointed that we aren't expecting more rate cuts next year, but it's important to note we are pretty much at the end of the hiking cycle...it's just a question of "wen" now. Wrt economic data there's not much this week but next Friday we'll have payrolls which will then kickstart the next slew of data. Labour market data gonna be very important here as Powell as started to acknowledge it's softening, and we'll be looking to see if that's a trend that'll increase.