The stock markets took a small break yesterday. But in the meantime the Nasdaq 100 had risen to a new all-time high. Probably the only reason for the stock market rally is the immense stimulus measures taken by governments and central banks. The ECB yesterday with another 600 billion Euros in bond purchases. German government with a 130 billion Euros economic stimulus package. The Fed’s balance sheet total has now risen to over 7.2 trillion Dollars. Today the focus will be on US labor market data. About eight million jobs are expected to be lost. The unemployment rate should rise to just under 20%. Is the stock market rally simply continuing despite these horror numbers? Yields on government bonds are currently on the rise again worldwide – people fear inflation.
Here we present Saxo Bank´s unusual forecast for the year 2018, part 2. What are conceivable black swans in the coming year? Steen Jakobsen, Chief Bank Economist and CFO of the bank, predicts US bond […]
Hopes for interest rates versus worries about recession: The final dispute at the end of a long economic cycle
Prices are skyrocketing due to the still relatively vague outlook for interest rate cuts by the Fed – the monetary factor Once again something unusual is happening on the stock markets. Prices are skyrocketing due […]
Two topics will dominate the stock markets today. First is the corona virus (the death toll is rising, the number of new infections is falling slightly in China). Second is Fed Chairman Jerome Powell, who […]