Here
are the links to the weekly roundups, reviews and also previews of the
beginning week.
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LAST WEEK
Weekly
Market Review
– ZH
Quad
Witch 'Pins' S&P At Exactly 2500 Despite Dismal Data, Nukes, &
Terrorism
U.S. Weekly Fund Flows
Report
– Lipper
Alpha Insight
Fund
Investors Remain Risk Averse for the Week
Earnings Insight Sep
15
– Factset
This Week in
Earnings 17Q2 | Sep 15 – Lipper
Alpha
S&P 500
Earnings Dashboard | Sep 12 – Lipper
Alpha
NEXT WEEK
EcoWeek
–
BNP
Paribas
US: The Fed will probably announce the
start of the reduction of its balance sheet at its meeting next week. Although
not without risks, markets are relaxed about it. Fed forward guidance and rate
decisions are more important than the balance sheet * EZ: Recent economic indicators
published in the Eurozone confirm the solidity of the recovery.
Week Ahead: The
big central bank unwind – Nordea
Next
week’s key events include the Fed meeting, the German election, Euro-area PMI,
Norges Bank’s rate decision, the Swedish government budget bill and Riksbank
minutes.
Weekly Focus: A
tale of three central-bank camps – Danske
Bank
Wed:
FOMC to announce “quantitative tightening” and signal one more rate hike in
2017 * Fri: European purchasing manager indices to drop a little but still strong
Strategy:
Event risk to the fore – Danske
Bank
Central bankers look increasingly divided
into those in the ‘exit’ camp (Fed, BoE, ECB), those in the ‘no exit camp’
(BoJ, SNB), and those in between (Riksbank, Norges Bank) * While the Fed looks
determined to hike in December, it is unlikely to drive a major sell-off in
EUR/USD * And watch out for the Riksbank: it may be next to join the ‘exit’
camp
Global
Week Ahead
– Scotiabank
US: FOMC likely to begin reducing
reinvestment * Canada: Move on people! * LatAm: Some unfinished business *
Europe: Drafting a letter * Asia: Will Bank of Indonesia cut again?
Weekly
Market Outlook
– Moody’s
What
Might Trigger the Next Market Plunge?
Macro Weekly – ABN
AMRO
Eurozone
economy humming along nicely * Very weak US data at least partly related to
Harvey * China’s gradual slowdown continues
Speculative
Positioning – Marc Chandler
FX
Outlook – Marc Chandler
Macro
Comment – Marc Chandler
FX
weekly – Nordea
Weekly Summary – Urban
Carmel
The
major US indices all recorded new all-time highs (ATH) this week. The very
broad NYSE, covering 2800 stocks, also made a new ATH, suggesting the rally is
supported by adequate breadth. Longer-term studies and the fundamental macro
data continue to indicate that further upside into year-end is odds-on.
Remarkably, a new survey shows that fund managers are the most underweight US
equities in 10 years, despite the SPX rising 9 of the last 10 months by an
impressive 17%.