Here
are the links to the weekly roundups, reviews and also previews of the
beginning week.
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LAST WEEK
Weekly Market
Review
– ZH
'Goldilocks'
Is Dead - Stocks Plunge Most Since Lehman Before Sudden Buying-Panic
Earnings Insight |
Feb 9
– Factset
US Weekly FundFlows | Feb 9 – Lipper Alpha
Funds
Experience Overall Net Inflows for the Volatile Week
This Week in
Earnings 17Q4 | Feb 09– Lipper
Alpha
S&P 500
Earnings Dashboard | Feb 07 – Lipper
Alpha
NEXT WEEK
FX markets this week will once again be fixated on the extent of the
correction in global equities. Was last week’s equity correction enough
(probably not) and what will the next catalyst be?
During the current business cycle, rising
bond yields have been accompanied by rising equity prices. From a historical
perspective, the rise in equities in recent months has been abnormally strong,
probably helped by the prospect of corporate tax cuts. Market developments this
week show a high sensitivity to economic surprises which may end up fuelling
economic uncertainty.
Week Ahead: Where’s
the new equilibrium? –
Nordea
Inverted
volatility blow-up a sign of rising cost of capital * NY Fed Dudley’s potato
comment dashed hopes of a dovish turn * The Riksbank’s February meeting more
interesting than you might think
Weekly
Focus: – Danske Bank
Weekly Strategy: – Danske Bank
Global
Week Ahead
– Scotiabank
US: inflation, retail sales and 2019
budget proposal * Europe: Euro area GDP, UK inflation and Riksbank meeting *
Asia: Chinese New Year begins
Weekly FX
Sentiment Report
– Scotiabank
Weekly
Market Outlook
– Moody’s
Corporate
Bonds Beg to Differ With Their Equity Brethren
Macro Weekly – ABN
AMRO
Equity
market drop not justified by economic outlook * US inflation outlook not as bad
as the market correction appears to suggest *But factors were in place for
sizeable correction at some stage * Services sector confidence strengthens in
various economies * Spectacular Chinese import growth is a distortion,
Prior
falls like this have led to quick recoveries. That likelihood is further
supported by a washout in breadth, volatility and several measures of
sentiment. Moreover, the fundamental backdrop remains excellent. Risk/reward is
heavily biased towards upside in the near term. That said, strong down momentum
normally reverberates into the weeks ahead. Equities sometimes "V
bounce" but more often form a double bottom. A low retest in the not too
distant future remains a greater than 50% probability. The longer term outlook
for US equities is unchanged and favorable.
Weekly Market Comment – Marc
Chandler
Can
the Dollar Remain Firm if the Equity Bloodletting is Over?
Weekly Macro Comment – Marc Chandler
The
Week Ahead: Recovering from Too Much of a Good Thing?
FX weekly: The
liquidity tide is ebbing – Nordea
USD
liquidity will shrink this year. And while most market participants think this
won’t matter, we think it could mark the beginning of a regime shift towards a
volatile environment. Tactically we like to fade the recent re-flationary
environment.