Podcast by J.P. Morgan analysts on global markets, At Any Rate

At Any Rate

Podcast by J.P. Morgan analysts on global markets

Analysts from J.P. Morgan’s Research team take a closer look at the stories behind some of the biggest trends, themes and developments in markets today.

Cross Asset Strategy

<ul><li>Term premium in US macro picture and interest rates has fallen significantly over the past month</li><li>Treasury Secretary's comments indicating no changes in coupon auction sizes or debt profile have impacted term premium</li><li>Recent concerns about weakening growth have led to market pricing in more Fed rate cuts, despite strong labor market and potential upside risks to inflation forecast</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Term premium in US macro picture and interest rates has fallen significantly over the past monthTreasury Secretary's comments indicating no changes in coupon auction sizes or debt profile have impacted term premiumRecent concerns about weakening growth have led to market pricing in more Fed rate cuts, despite strong labor market and potential upside risks to inflation forecastThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Global FX and Rates: US moderation vs. tariffs tunes

Head of Research and Global Chief Strategist, Steno Research

Andreas Steno

Head of Research and Global Chief Strategist

Macro and Geopolitical Research House

Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

Macroeconomics

<ul>
<li>Friday’s bizarre scenes in the Oval Office will take some time to digest for all involved counterparties.</li>
<li>I don’t feel in a position to judge either side, but I will use this analysis to assess the ramifications of the event.</li>
<li>As a disclaimer, remember that I am European!Trump’s argument that the U.S. pays too much to the rest of the world is, in many ways, entirely correct—but also quite banal.</li>
</ul>


Friday’s bizarre scenes in the Oval Office will take some time to digest for all involved counterparties.
I don’t feel in a position to judge either side, but I will use this analysis to assess the ramifications of the event.
As a disclaimer, remember that I am European!Trump’s argument that the U.S. pays too much to the rest of the world is, in many ways, entirely correct—but also quite banal.


Steno Signals #187 – Remember August & September 2024? Tariffs are to blame

HarmoniQ Insights

William Mann

Independent Insight Provider

At HarmoniQ Insights, we empower investors to enhance their investment strategies by integrating cutting-edge quantitative research processes and technologies. Our solutions provide access to leading quantitative data providers and services, tailored to align with each client’s unique goals. By bridging the gap between traditional investment approaches and advanced data-driven methods, we help clients gain a competitive edge through innovation in both process and technology.

<ul><li>Episode nine of the Barbarians podcast covers updates on Trump's presidency and economic investing outlooks</li><li>Discussion on the impact of demographics on GDP growth and the innovation in sports like hockey</li><li>Analysis of returns in relation to policy changes and the rise in gold prices, with a reference to a scene from Animal House for perspective.</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Episode nine of the Barbarians podcast covers updates on Trump's presidency and economic investing outlooksDiscussion on the impact of demographics on GDP growth and the innovation in sports like hockeyAnalysis of returns in relation to policy changes and the rise in gold prices, with a reference to a scene from Animal House for perspective.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Markets, Debt, and Gold: A Month Into Trump’s Presidency | The New Barbarians #009

<ul><li>I wanted to get the German election results before releasing my weekly editorial, and as far as I can judge, we are talking about a middle-of-the-road outcome, which should be seen as a net positive for European assets for now.</li><li>CDU (Conservatives) and SPD (Social Democrats) will be able to form a GroKo (Grand Coalition) with 328 mandates, which is a coalition that could likely find some common ground around spending more and removing the debt brake, at least temporarily.</li><li>A permanent removal of the debt brake will require the backing of an additional party.</li></ul>

I wanted to get the German election results before releasing my weekly editorial, and as far as I can judge, we are talking about a middle-of-the-road outcome, which should be seen as a net positive for European assets for now.CDU (Conservatives) and SPD (Social Democrats) will be able to form a GroKo (Grand Coalition) with 328 mandates, which is a coalition that could likely find some common ground around spending more and removing the debt brake, at least temporarily.A permanent removal of the debt brake will require the backing of an additional party.

Steno Signals #186 – The year of the weak USD is upon us

FX & Rates

<ul><li>European peace optimism driving continental asset prices, especially equities, while Chinese tech stocks sizzle hot in Asia</li><li>US real yields impacting global risky asset markets, with Fed's dovish reaction function leading to plummeting real yields</li><li>Dollar likely to stay soggy in short term until potential FOMC hawkishness or tariff-related events reignite Trump trades and boost dollar bullishness, while yen strength may not be sustainable due to BOJ policy and yield spread factors.</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

European peace optimism driving continental asset prices, especially equities, while Chinese tech stocks sizzle hot in AsiaUS real yields impacting global risky asset markets, with Fed's dovish reaction function leading to plummeting real yieldsDollar likely to stay soggy in short term until potential FOMC hawkishness or tariff-related events reignite Trump trades and boost dollar bullishness, while yen strength may not be sustainable due to BOJ policy and yield spread factors.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Global FX: Fed, not trade, is weighing on the dollar

United States

The euro is the official currency of the European Economic & Monetary Union.  The US dollar is the official currency of the United States of America.

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Global FX and Rates: US moderation vs. tariffs tunes

Overall, the decline in term premium and narrowing gap in 10 year yields, combined with concerns about weakening growth and uncertainty about the...

At Any Rate

Steno Signals #187 – Remember August & September 2024? Tariffs are to blame

Friday’s bizarre scenes in the Oval Office will take some time to digest for all involved counterparties. I don’t feel in a position to judge...

Steno Research

Markets, Debt, and Gold: A Month Into Trump’s Presidency | The New Barbarians #009

Episode nine of Barbarians discusses the first 30 days of Trump's presidency, economic investing outlooks, the impact of the aging boomer...

William Mann

Steno Signals #186 – The year of the weak USD is upon us

I wanted to get the German election results before releasing my weekly editorial, and as far as I can judge, we are talking about a...

Steno Research

Global FX: Fed, not trade, is weighing on the dollar

Investors are optimistic about European peace, driving up continental asset prices and boosting equities, with Chinese tech stocks outpacing the...

At Any Rate

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