Tantrums and other 21st century resolution mechanisms
This week has seen little movement in the main asset classes. Generally, equity markets have moved a bit higher, longer bond prices and yields are unchanged and the US dollar has recouped much of the losses from last week. Kevin Warsh is...
The might of the bond markets returns
This week was the first time this summer that we observed the seasonal lack of trading liquidity becoming an issue in markets. Last week, we titled ‘Hot weather, chilled markets’ and wrote that the “market-moving narratives are basically the same as they...
Hot weather, chilled markets
Capital markets had another decent week, led by US tech stocks and propelled by AI-related corporate earnings reports. How many times have we written that sentence? The market-moving narratives are basically the same as they have been for weeks: strong tech earnings,...
Regaining confidence after July’s drought
The announcement of yet another Iran deal buoyed stock markets this week. Iran and Oman reportedly agreed a new shipping route through the Strait of Hormuz, which would temporarily solve the issue that collapsed the US-Iran ceasefire last month. The normalisation of...