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AllEconomicsDigital AssetsGuidesMarket Commentary
Market Commentary

What's Next?

The trading session was volatile however, ending the day in negative territory on Wednesday

November 7, 2022
3
m
Market Commentary

How Fast and How Furious?

Crypto’s been known for volatility, but with recent moves in large cap techs such as Amazon dropping 20% post earnings, it’s been a breath of fresh air that crypto has been able to buck the trend.

October 31, 2022
3
m
Market Commentary

A Turn for the Worse?

While the US economy has been buoyant despite inflationary pressures, we are finally seeing many key metrics turn for the worse this week. Besides economic measures, the resignation of the UK prime minister as a result of their inability to provide credible solutions to deal with rampant inflation has caused many politicians elsewhere to look up.

October 24, 2022
3
m
Market Commentary

A Big Swing?

While it’s too early to tell whether this is the beginning of a rally or simply an anomaly, some of the economic indicators are starting to soften, despite inflation not coming down fast enough for the Fed’s liking.

October 17, 2022
2
m
Market Commentary

Good News Is Bad News?

Given this is the first week of the month, the biggest news event was Non-Farm Payrolls. Economically, it was a good report. But we are playing “good news is bad news” now. Anything that will force the Fed to continue hiking will mean more pain for financial markets, and indeed markets reacted accordingly this Friday.

October 10, 2022
3
m
Market Commentary

Who Blinked?

PennyWorks delivers insights after the Bank of England's commitment to buying bonds to tame the financial chaos that ensued shortly after their tax cut plan.

October 3, 2022
2
m
Market Commentary

Is This the Inflection Point?

The biggest news by far this week was the Fed’s decision to hike 75bps. This is lower than the potential knee jerk reaction to CPI we described in last week’s note, but markets still weren’t that happy about it.

September 26, 2022
2
m
Market Commentary

How Big of a Deal Is 8.3%?

all eyes were on the CPI and CPI delivered. Markets everywhere were sold: stocks, bonds, gold, crypto, and even FX. Rate markets showed a nearly 50% probability of a 100 bps hike during the next FOMC meeting next week.

September 19, 2022
2
m
Market Commentary

Is China Finally Slowing Down?

The significant divergence between major economies continues. There is a lot of action this week, but mainly from Europe and China.

September 12, 2022
3
m
Market Commentary

Is This the Great Decoupling?

There was talk about a decade ago that China would decouple from the major western economies and continue to grow as the US and Europe struggled with the debt overhang from the great financial crisis.

September 6, 2022
3
m
Market Commentary

The Merge Is Coming

The theme this week is that of reversals. The Jackson Hole speech by Powell is a masterclass of setting proper expectations. The tough rhetoric against inflation is a necessary component of combating inflation, which is largely driven by consumer expectations in the first place. The hope is that such language would be just as effective at staunching the flames of inflation as hiking rates. But maybe it has gone too far? What have we learned this week?

August 29, 2022
2
m
Market Commentary

Germany’s PPI Is WHAT?

The biggest shift this week is the great decoupling. Europe, the U.S., and China are all going their separate ways regarding monetary policy, marking this time as a historic first in recent history.

August 22, 2022
3
m

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