Here
are the links to the weekly roundups, reviews and also previews of the
beginning week.
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on Twitter
LAST WEEK
Trump
Turmoil Trounces Bullard Bullshit As Dollar Dives To 6-Month Lows
[video] Bloomberg’s What'd You Miss – BB
Funds
Take in $7.6 Billion of Net New Money
NEXT WEEK
US: Manufacturing output jumped in April.
Still the recovery remains unimpressive. Will low oil prices support or slow
the revival? Eurozone: Should we believe in inflation recovery by year-end?
Next
week’s highlight will be the OPEC meeting on Thursday. The investigation around
Trump and approaching central bank meetings and related speeches will also gain
market attention.
US:
May FOMC minutes, PMI. Europe: May PMI, inflation
Volatility
in markets is set to become more volatile as the cycle turns lower * The USD’s
fall and
EUR’s
strength is as expected given the divergence in economic performance * We remain
medium-term EUR/USD bullish * Expect FI markets to range-trade with a possible
slight bullish bias near term on the lower cycle and falling inflation
expectations * We have turned near-term bearish on equities as we are in the
interim period between two reflation periods
US:
Do not take the Wednesday off * Canada: Not contagious * Asia: Central bank
inaction * Europe: Fool me once…
Lower
Bond Yields Ward Off Wider Spreads
The
appointment of Robert Mueller as investigator into the Russia links of the
Trump entourage can bring some calm in the political turmoil * The US (and
global) economy is strong enough to withstand political uncertainty, but an
impeachment (procedure) will be negative for sentiment and for the economy * Europe
and Japan doing well, growth in China has peaked
Speculative
Positioning –
Marc Chandler
Yen and Aussie Bears
Push Forward, while Sterling Bears Continue to Run for Cover
FX Outlook – Marc
Chandler
Greenback
Stays on Defense
Macro
Comment – Marc Chandler
Nothing Like A Good US
Drama