Steno Signals #115 – The head-fake business cycle strikes again
Happy Sunday from Copenhagen. Almost exactly a year ago, we wrote about the “roadmap to a recession” and how the market wrongly anticipated a...
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The Week At A Glance: The slippery slope of data revisions
Happy Monday from Europe. Powell is cutting, Ueda is hiking and USDJPY is heading lower. It sounds like a tune we have heard before, and while we...
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Steno Signals #114 – A Powell Put is Ueda’s Catastrophe
Happy Sunday from Denmark!I’ve had a few days to digest Powell’s speech from Friday, and my takeaway is unequivocally dovish. Powell and the...
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US Core PCE Deflator, Euro Area Inflation and Tokyo CPI
In the upcoming week, important economic data releases and events will include Q2 GDP, house prices, euro area inflation and unemployment, UK...
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Positioning Watch – Markets are much more sceptical on the Euro zone than the US and UK
Hello and welcome back to our weekly positioning update. Markets are as tricky as always, as everyone is trying to grasp how Powell will address...
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