1.This is going to be my shortest Sunday Special since I launched this macro research almost 9 years ago. Reasons: => Shortened week (MLK on Monday) => Extremely light agenda in terms of Tier-1 data for the world leading economies.…
PART I: The Week Ahead's Agenda Enough on this coming week's agenda to keep market participants anxiously busy ahead of Inauguration Day on January 20. Main highlights: 1. DATA = BIG in US, UK and China: => US: CPI…
No time to re-engage smoothly after the end of year festivities as market participants will face a very busy agenda for this first full week of 2025. PART I: The Week Ahead 1. Data: => US: JOLTs + Services ISM + ADP +…
One of the key questions for 2025 is about China's ability to weather the upcoming tariffs' wave from the new-elect US President. 1. Counter-intuitively... I would argue that the US-Sino bilateral relationship might in fact improve under Trump compared…
PART I: Bloated agenda for this last week before the end of year festivities. The program: 1. Data: => US: December Preliminary PMIs + Retail Sales + Building Permits / Housing Starts / Existing Home Sales / NAHB Index + Final Q3 GDP +…
The week ahead = CPIs, start of the December Central Banks meetings and US Refunding. 1. CPIs = market will get November inflation updates in US, China, Sweden, Norway, Mexico and South Africa to name a few. Thoughts…
PART I: The Final Lap 1. The Week Ahead => 20 sessions to go before year end. The end of the 2024 vintage is near but the path to Santa Claus remains perilous, starting with the week ahead and its…
A very quick note to close this weekend's research. 1. The week ahead: long Thanksgiving weekend and compressed data docket => Main highlight: personal income and spending that will come packaged as usual with an update on PCE /…
I will here just put his latest comments (courtesy of Brent D for the first part) Supports tax cuts, lower spending, phased-in, gradual, targeted tariffs, lower deficits, lower inflation. Bessent said in a Financial Times interview in October that Trump's…
The following link is about Claude Malhuret, President of the "Independants Group" at the French Senate. Apologies in advance for most of my readers, it is in French! https://lnkd.in/ehXv2v4S I am not going to talk about Ukraine. Not because…