Note Précis Sept. 18, 2020: New Is Old, Again – Currency on Watch – New is old, again – currency markets need to be on watch. Amid massive quantitative ease since 2008, currency translation surprise has seemed a consensus afterthought in major markets. Still, capital markets cycles have invariably in the past involved abrupt changes […]
Note September 4, 2020: Market Momentum Meets Messaging Mash – Even as capital markets appeared comforted by momentum, there had appeared messaging mash, including in market internals, in central bank assessments and in politics. Over-rationalization of hidden value has a long history, in equity markets especially about groups du jour. In fixed income in June […]
Note Précis September 4, 2020: Market Momentum Meets Messaging Mash – Even as capital markets appeared comforted by momentum, there had appeared messaging mash, including in market internals, in central bank assessments and in politics. Over-rationalization of hidden value has a long history, in equity markets especially about groups du jour. In fixed income in […]
Note Sept. 18, 2020: New Is Old, Again – Currency on Watch
Note Sept. 18, 2020: New Is Old, Again – Currency on Watch – New is old, again – currency markets need to be on watch. Amid massive quantitative ease since 2008, currency translation surprise has seemed a consensus afterthought in major markets. Still, capital markets cycles have invariably in the past involved abrupt changes in […]