Discover and read the best of Twitter Threads about #crosscurrents
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A few months ago, #markets expected U.S. #inflation to peak by mid-2022 at around 7% to 8% at the headline level and then anticipated that generalized #price gains would decline into year end, closing the year around 4%.
However, the tragic war now unfolding with Russia’s attack upon Ukraine has not only sent #energy prices skyrocketing but it has led to much greater uncertainty over #economic growth and #MonetaryPolicy reaction functions, in Europe and indeed around the world.
Global Macro Week in Review
1/12
This past week was NOT a #quad2 week
Bonds and proxies outperformed with LQD +1.2%, TLT +1.72%, XLRE +1.97% and XLU +1.12% vs. SPY +0.4%
Meanwhile, HE’s four horsemen languished with XLB, XLF and XLI all losing positive 1-month price momentum
1/12
This past week was NOT a #quad2 week
Bonds and proxies outperformed with LQD +1.2%, TLT +1.72%, XLRE +1.97% and XLU +1.12% vs. SPY +0.4%
Meanwhile, HE’s four horsemen languished with XLB, XLF and XLI all losing positive 1-month price momentum
2/12
Equity volatility ↘️ continued to drain from the market
$VIX 15.65 -4.69%
$VXN 19.16 -9.71%
$RVX 22.26 -2.45%
$VXEEM 17.88 -7.07%
⚠️ Opex ahead on 6/16
Equity volatility ↘️ continued to drain from the market
$VIX 15.65 -4.69%
$VXN 19.16 -9.71%
$RVX 22.26 -2.45%
$VXEEM 17.88 -7.07%
⚠️ Opex ahead on 6/16
A supportive vol regime and a big decline in yields led to outsized performance in $COMPQ and $RUT
$RUT +1.89%
$COMPQ +1.85%
$CAC +1.3%
$SPX +0.41%
$KOSPI +0.29%
$NIKK +0.02% 🐻
$DAX unch
$HSI -0.26%
$SSEC -0.6%
$CAC still leads +9.16% over 3 months
$RUT +1.89%
$COMPQ +1.85%
$CAC +1.3%
$SPX +0.41%
$KOSPI +0.29%
$NIKK +0.02% 🐻
$DAX unch
$HSI -0.26%
$SSEC -0.6%
$CAC still leads +9.16% over 3 months
