Börsen 17 april 2024 Higher-for-Longer - dollar, markets and other central banks
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Higher-for-Longer - dollar, markets and other central banks can’t keep up
What’s not clear is whether the impact of higher US rates had yet seeped into the foreign exchange market, or into the calculations of other central banks.
It looks as though it hadn’t.
ECB will cut earlier and more.
The pressure on the euro looks likely to be unremitting, as the differential in favor of Treasury yields over bunds is the widest this decade:
Equity valuations exceed historical norms, with the S&P 500 trading at 20 times analysts’ 12-month forward earnings forecast compared to an average of about 15 times since 1985
John Authers Bloomberg 17 april 2024
The 2% Inflation Target Regime Should Now Be Retired
Marcus Ashworth Bloomberg 17 april 2024
"Somewhat elevated" - Stagflation - monetary policy
Highly recommended
A radical theory is spreading as economy defies expectations
What If Fed Rate Hikes Are Actually Sparking US Economic Boom?
https://englundmacro.blogspot.com/2024/04/a-radical-theory-is-spreading-as.html
Meanwhile in New York
Slut
Risken för att en ränteuppgång i USA skulle påverka svenska räntor är förstås minimal
OBS ironi.
Mattias Lundbäck Facebook 17 april 2024
There is a key measure in markets to watch right now: the equity risk premium
– Vi måste bli en verklig europeisk union, manar Italiens förre premiärminister Enrico Letta /och Draghi/
Börsen 16 april 2024 börjar neråt - ”horoskop för killar”
https://englundmacro.blogspot.com/2024/04/borsen-16-april-2024-borjar-nerat.html
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