Bassanese Bites: Unnerving Inversion – August 19 2019
Inversion of a key US yield curve measure (the gap between US 10-year and 2-year Federal Government bond yields) sent jitters through Wall Street last week, as did further signs of softer economic growth in Europe and China. The global stock pull back continued as …
Bassanese Bites: Trade tantrum – August 05 2019
Global equities slumped last week reflecting two negative events: disappointment with regard to Fed guidance and Trump’s new tariffs. A flight to safety saw long-term bond yields plumb new lows, the $A weaken, and $US and gold prices firm. The $A has now hit my …
Bassanese Bites: Fed fatigue – July 22 2019
Global equities pulled back from record highs last week – reflecting an early batch of mixed US earnings results and continuing disappointment that the Fed is still not inclined to cut rates by an aggressive 0.5% next week. Trump’s renewed sabre rattling – suggesting …