Here
are the links to the weekly roundups, reviews and also previews of the
beginning week.
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LAST WEEK
Weekly Scoreboard – Between
The Hedges
Weekly
Market Review
– ZH
June
Gloom: Nasdaq Suffers Biggest Loss Since October As Dollar, Bonds, Economy
Plunge
U.S. Weekly Fund Flows
Report
– Lipper
Alpha Insight
Funds
Experience Net Outflows for the Third Straight Week
Earnings Insight June-30 – Factset
NEXT WEEK
EcoWeek – BNP
Paribas
ECB:
confidence, persistence, prudence * Global : Monetary tightening: Doomed if you
do, doomed if you don’t?
Week Ahead: New
economy – less inflation? – Nordea
The
most important data release next week will be the US payrolls. Especially the
data on wages will be interesting in light of the already active discussion of
the reasons behind the stubbornly low core inflation and central banks’
reaction to it.
Weekly Focus – Danske
Bank
Europe:
Riksbank meeting US: June jobs and ISM manufacturing, FOMC minutes and speeches
Strategy:
Central banks consider leaving the party – Danske
Bank
Central banks are beginning to discuss ‘when
to leave the party’ * Interestingly, both Mark Carney and Mario Draghi argue
that a constant monetary policy is becoming more accommodative as the economy continues
to recover * There is a risk that central banks are too optimistic, as inflation
expectations remain low * Draghi let the stimulus exit genie out of the bottle
and we expect EUR/USD to move higher in 12M
Global
Week Ahead
– Scotiabank
Canada:
The trend is BoC’s friend * US: The Fed’s big chance to explain itself *
Europe: UK PMI readings to inform Q3 growth risks * Asia: Will private Chinese
PMIs confirm state versions? * LatAm: Inflation marching lower
Weekly Market
Outlook
– Moody’s
Record
Ratio of Debt to GDP Contains Growth and Interest Rates
Macro Weekly:
Divergence in the global economy? – ABN
AMRO
Europa,
China and Japan looking encouraging * US diverging briefly – most likely noise
* Central bankers communication leading to confusion * Low inflation persisting
Speculative
Positioning – Marc Chandler
Speculators
Scramble to Cover Short Canadian Dollar and Mexican Peso Futures
FX
Outlook – Marc Chandler
Normalization Ideas Weigh on Greenback
FX
Weekly – Nordea
Weekly Market Summary - The Fat Pitch
The crack that opened in NDX two weeks ago has widened further. The index has now fallen 5% and has broken below its 50-dma. The consistent historical pattern is for SPX to follow, lower. That hypothesis is further supported by bullish sentiment - at a 3-1/2 year high by at least one measure - and the exceedingly tight trading range in SPX over the past month which most often precedes an expansion in volatility.