The country of Turkey is struggling with inflation at a 24 year high. Typically central banks would be hiking interest rates to deal with the inflation problem. However, President Erdogan has an unusual policy where he claims that raising interest…
Jerome Powell is under pressure at the Jackson Hole Symposium this week. After the last Fed meeting the Fed was perceived to have taken a ‘dovish pivot’ and that allowed the Nasdaq to move gradually higher. However, if Jerome Powell…
Generally speaking two sectors that do well in a US recession are health cares stock and consumer staples stocks. Although consumers disposable income may fall they will still make consumer staple purchases, but often in more discount focus stores like…
Last Friday Canadian jobs printed below expectations with drops in the headline figure and the participation rate. However, the labour market is still fairly robust with the unemployment rate falling again to 4.9%. The US NFP print however showed a…
Costco is a consumer staples stock that would likely find buyers in a recessionary environment. So, with the US in a technical recession, is the discount retailer going to see additional revenue from consumers looking to cut costs in leaner…
The Bank of England meet on Thursday at 1200GMT and expectations are 1000% for a 25 bps hie and over 80% from STIR markets for a 50 bps rate hike. In their June meeting the Bank of England hiked rates…
The JPY tends to strengthen around the summer and you can see that bias play out in the USDJPY pair. Over the last 22 years the USDJPY has fallen 14 times between July 27 and August 27. The average fall…
Netflix tends to see a very weak seasonal period at the end of July. The reasons for this pattern are not obviously clear, but they are very notable. Take a look at the details here. Over the last 20 years…
Summer months tend to be a weaker time for many stocks, however, Illumina does see some marginal seasonal gains over the summer months. The seasonal pattern Illumina over the summer has seen an average of 2.24% return over the last…
The euro has seen further weakness so far this week as growing fears emerge over a slowing global economy, Stagflation, growth, and inflation fears all combined to send the USD higher and that weakens the EURUSD. Furthermore, the last PMI…
