Where do US technology stocks go from here?Sentiment remains strong despite yesterday’s declines in equities and investors quickly shrugged the weakness off catapulting the Nasdaq 100 Index above 10,000 after regular trading hours., This morning with equities higher and Nasdaq 100 at 10,000 it worth reflecting on the current situation and...

STPU:xmil (US Yield Curve Steepening 2-10) and US Sep 10Year Treasury (Sep. 10-year US T-note futures contract) - trading the yield curve in most cases is trading whether the longer end of the curve moves up or down, now that the front-end of the curve has been trading close to...

Macro Dragon: Making Time for the Fed & Yield Curve Control (YCC)   Top of Mind… Folks, sometimes you reinvent the wheel, other times you use the wheels that others have created., All about the Fed over next 24hrs, would expect markets to be fairly quiet everything else being equal Do...

In the case the Fed hints of yield-curve control (YCC) going the same way as the Bank of Japan (BOJ) introducing YCC in September 2016 and recently Reserve Bank of Australia in March 2020 what would likely be the effect on equities., Since then Japanese equities have underperformed by 18% and...

Market action has suddenly become decidedly more two-way later in the European morning as markets mull whether the FOMC meeting tomorrow can provide any more fuel for the recent melt-up in risk assets and melt-down in the USD., The hard charging JPY was already a flashing red light over the last...

XAUUSD - Spot gold XAGUSD - Spot silver XAUXAG - Gold-Silver ratio GLD:arcx - SPDR Gold Shares ETF GDX:arcx - VanEck Gold Miners ETF ____________________________________________________________________________________________________ Global markets await tomorrow’s FOMC meeting with perhaps a bit more excitement than a meeting at this stage in the cycle would normally attract., The reason...

At current path, we expect that the Fed’s accommodative stance and unlimited QE will result in its balance sheet reaching about $10tr by the end of the year, which represents roughly 50% of U.S. GDP., After not publishing economic forecasts in March, the FOMC will presumably remain cautious regarding the economy’s...

Although the dichotomy bears note, not only with respect to the time decay of economic optimism and liquidity driven markets, but also the long term implications for financial stability and our social fabric., Investors conditioned by the central bank put to “buy the dip” are reaching for yield and piling into...

To address ongoing tensions and absorb all the new coronavirus debt issued by euro area countries, we expect the ECB to increase the size of its new Pandemic Emergency Purchase Programme (PEPP) from EUR 750bn to EUR 1.25tr and extend it beyond 2020, at least until June/September 2021., Following the release...

The V-shaped recovery that the stock markets continue to signal also raising the prospect for increased demand and the potential for a production short-fall during the 2H., ZM:xnas (Zoom Communications) - shares were down 2% in extended trading following the company’s Q1 earnings showing revenue increased to $328mn vs $203mn expected...