Month: May 2022

Who can slow down the slowdown?

No bounce in equity indices today, says NAB’s Taylor Nugent. It’s all down to growing concerns about a US economic slowdown. Like Cisco’s profit downgrade, for example. Plus the lowdown on yesterday’s Aussie employment numbers.

Equities bomb as investors are reminded of inflation

People are feeling the pinch as inflation rises. We’re seeing how headline inflation hits consumer staples and discretionaries says NAB’s Ray Attrill, as major US retailers warn of falling margins.

China reopening, Americans shopping, Brits working

There’s a positive vibe on markets. NAB’s Rodrigo Catril says it started yesterday in APAC on China’s re-opening news, then buoyed further by strong retail numbers in the US. But still plenty of inflation signals around.

Markets whipped back and forth in a sea of uncertainty

Uncertainty in markets today. NAB’s Ken Crompton says there’s a continuing tension between the Fed talking up rate rises and whether that will prompt a recession. Data releases didn’t provide any room for positive thinking.

Should oil companies pay a windfall tax?

Rising oil prices means energy companies are making mega-profits. I ask Steve Keen if they should pay a windfall tax on this unexpected income?

One day when fears eased, for a bit

Hopes of lockdown easing in China supported positive sentiment on Friday, but on today’s podcast NAB’s Tapas Strickland suggests one reason why that sentiment might shift today.

A world of worry

The market is very brittle today, says NAB’s David de Garis, with no clarity on when inflation will peak, how much is supply side and how far central banks will have to go. Add China’s lockdowns and the war. In short, a world of worry.

US inflation numbers hit shares, bond markets more restrained

The market focus was on the US CPI print overnight says NAB’s Skye Masters, with a surprise lift in the core number. That’s hit shares, and front end yields, but less movement in longer dated bonds suggest markets haven’t changed their view of the end-game for the Fed.

A momentary lapse of reason

Shares have been on the rise, but NAB’s Rodrigo Catril says we haven’t seen any great news over the last 24 hours and the underlying problems remain. Even falling oil prices could be shortlived, he says on today’s podcast.

Stocks dive over fears of the perfect storm

Shares took a nosedive in the US overnight. NAB’s Taylor Nugent says this comes from little in the way of data and no change in tune from central bank speakers. It just points to the uncertainty of future growth.

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