Equities: New extremes and a challenging opportunity set
Discover insights on the future of equity markets in Q1 2024 and navigate the potential recession with strategic investment choices.
Global Macro Strategist
Summary: Week ahead is likely going to be focused on the 70 year anniversary celebration of China, as well as golden week holiday start. Key data out of the US from an ISM, PMIs, NFP and AHE perspective. As well as rate decisions out of the RBA and RBI. Wishing everyone an epic and profitable start to the 4Q19.
A replay of the call is available HERE
TGIM & Happy Macro Monday everyone, welcome to WK 40 – the end of 3Q = start of 4Q, we are almost there & bear in mind Dec is never a full month. So really just 10wks to take things to the next lever across the board…
So this week’s focus is likely to be around: Impeachment Storm, China’s 70th Anniversary, Rate decisions out of India & Australia, Final PMIs & of course US ISM / NFP / AHE
Wishing everyone a healthy, phenomenal, smooth, profitable & bell-curve setting start to the 4Q!
Summary of Prior Week:
COT Report: [@Ole_S_Hansen]
Fed Speakers (SGT):
Global Macro Reflections | Manifestations: Potential implications of impeachment investigations
No clear near-term market impact (to KVP at least), yes it creates more noise & uncertainty… yet not too surprising given it is Trump
It’s worth noting that Pelosi has been hesitant about the democrats pursuing an impeachment investigation of Trump
Yet, her hand & voice were finally forced last week
We now have increased probability that Trump will get more erratic (more pressure on him) & volatile – this likely increases the probability of:
Andrew Johnson who was impeached in 1868, Richard Nixon who resigned during the process & Bill Clinton (the original Teflon Don) in 1998 who was acquitted by the, then Democrat-controlled Senate.
Greater China Focus – Focus again on Oct 1st 70th National Day & Summary of Recent Measures Taken by China over last few quarters. Also focuses on recent rhetoric by US officials to potentially restrict CH companies from listing in the US. US listed Chinese company have been under pressure lately
Chartography & Price Action
What happened to the future?
What happened to the future?
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