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FAAMG pain trade sears Wall Street - MacroBusiness


MacroBusiness
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at 10:00 am on July 5, 2021 | 4 comments
Throughout this year we have seen Wall Street equity strategists make a hash of things. We have seen two narratives dominate:
Good news is bad news as reopening and reflation drive inflation higher and stocks lower which has been wrong. Held most obviously by BofA.
Bad news is good as reopening and reflation drive a temporary spike in inflation that will collapse and continue the stock and commodity rally. Held most obviously by Goldman.
Good news is good news as reopening and reflation drive a temporary spike in inflation that will collapse and reverse the value to growth as commodities crash. Held most obviously by yours truly. ....

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Australian dollar pukes to 2021 low - MacroBusiness


MacroBusiness
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See the latest Australian dollar analysis here:
The forex markets is on the move as we approach the BLS jobs report Friday night (our time). A good report and I expect it will break out, driving the entire relation trade into retreat. A weak report will offer respite. DXY is up and away off its broad double-bottom. EUR is the reverse with a big double-top:
The Australian dollar was smashed to its 2021 low and is getting hammered versus a weak EUR as well. A bad sign:
There are 2549 words left in this subscriber-only article.
Westpac has the wrap: ....

New Zealand , United Kingdom , Global Software , Eurozone May , Federal Homebuilder , Precious Metals , Life Insurance , Non Life Insurance , Alternative Energy , புதியது ஜீலாந்து , ஒன்றுபட்டது கிஂக்டம் , உலகளாவிய மென்பொருள் , கூட்டாட்சியின் ஹோம் பில்டர் , ப்ரெஶியஸ் உலோகங்கள் , வாழ்க்கை காப்பீடு , அல்லாத வாழ்க்கை காப்பீடு , மாற்று ஆற்றல் ,