Here
are the links to the weekly roundups, reviews and also previews of the
beginning week.
Follow ‘MoreLiver’
on Twitter
LAST WEEK
Stocks
Storm To Best Start Since 1987 Amid Dollar-Devastation
US Weekly FundFlows | Jan 26 – Lipper Alpha
Equity
Funds Pace Positive Weekly Net Inflows
NEXT WEEK
Eurozone growth is robust * Sentiment
indicators and the drivers of final demand all point towards
ongoing strength * At some point however,
growth will slow down * Whether this will cause a jump in uncertainty very much
will depend on the financial environment
Risky
assets are melting up while the dollar is melting down * Yellen should take
away the punch bowl, but won’t * Euro-area and US inflation rates in focus
We
do not expect the Fed to change rates on Wednesday, nor any major change to its
statement, as the market has priced in three hikes this year already in line
with the Fed's rate expectations.
Risk sentiment off to a strong start
supported by strong fundamentals * Strong data out of the US and euro area *
USD weakening has further to go * Bond yields set to move higher in the medium
term * Trump has made his first move on protectionism - more will come.
US: Fed meeting, inflation, USD weakness,
earnings season, payrolls * Europe:
Brexit, German coalition, inflation, EUR strength
High-Yield
Bond Issuance Thrives Despite Tax Law Changes
Trump
administration takes first clear protectionist measures * ECB boss Draghi fails
to talk down the euro * We have raised our eurozone growth forecasts * US Q4
growth not as weak as it looks * Chinese scientists have created two cloned
monkeys through nuclear transfer
Weekly Market Summary – The
Fat Pitch
US
equities have already gained more in the first few weeks of January than they
do in many full years. The recent trend is being termed unprecedented, but
these types of gains have happened before. The current trend is also being
called unsustainable, but in most prior cases, equities have continued higher.
The equity market is undeniably hot, and that can often lead to a period of
retracement and decline, but trends weaken before they reverse, and this one
has not shown any sign of weakness. The longer term outlook remains favorable.
Can
the Market Get more Dollar Negative?
Weekly Macro Comment – Marc Chandler
Market
Confusion and New Inputs
FX weekly: Who
will stop EUR/USD from going higher? – Nordea
The
EUR market is copy-pasting Bernanke's 2013 tapering episode, while the Fed
allows US financial conditions to become easier almost by the day. Will either
the Fed or the ECB try to put an end to these trends?