Week Ahead: ECB & U.S. CPI the main events
The post-NFP response took us back into familiar territory.
Bonds were bought, yields fell and took the dollar down with them...
Risk assets 🚀🚀🚀 with tech leading the way.
There are two dominant narratives that I'm monitoring
A) This is a new economic cycle, and we will soon transition into a phase of renewed economic growth. After a historically rapid recession, pent-up demand will fuel the lasting recovery. The spectre of inflation looms large as people refuse to work for lower pay and supply shortages mean people become accustomed to rising prices and adjust their behaviour accordingly.
Fed's new AIT &