Reddit Warriors, Vaccine Nationalism and Morrison’s Budget Repair
Equities reeled from the impact of the Redditt day traders on Friday. NAB’s Tapas Strickland says questions are being asked about whether the broader share market is overvalued.
Month: January 2021
Reddit Rebels shut out, US growth slows
Equity markets have been buoyed by trading platforms putting a stop on the stocks Reddit users have been pushing higher. NA’s David de Garis says it’s been a Main Street versus Wall Street battle.
Big falls in shares ahead of a dovish Fed
Not much new from the Fed says NAB’s Rodrigo Catril, as they wait to see the impact of vaccine rollouts. Vaccine delays meanwhile are hurting the Euro this morning.
Is central bank independence a thing of the past?
With central banks colluding with governments to coordinate fiscal and monetary policy, is their independence a thing of the past?
Radio in a podcast age
Jonny Gould and radio programmer Liam Thompson on how radio networks can respond to the podcasting challenge.
Asian equities hit, US stimulus delayed, Aussie inflation today
Are Asian stocks in bubble territory? NAB’s Tapas Strickland suggests the PBoC will tighten policy. Plus, Aussie inflation, US earnings and the ECB’s response to the falling US dollar.
Vaccine delays throw dampener on recovery timelines
Markets are finding it hard to look through the COVID news. NAB’s Ray Attrill says there’s been too much bad news to ignore.
ECB sticks with bond buying plans and readies for double dip recession
NAB’s Gavin Friend talks about how the ECB plans to tweek its bond buying. Plus Biden and Yellen on day one of the new Presidency.
The value of pensioners in a COVID age
Are all lives equal? Lord Sumption says not. I ask @profstevekeen what he thinks in this week’s Debunking Economics podcast.
Inauguration Day Highs
Most companies have beaten earnings expectations. NAB’s Tapas Strickland says that explains why stocks are at all-time highs, plus the stimulus from the new Presidency.
THE TWITTERATI
As the govt penalise universities that do not focus on vocational degrees, worth noting that Boris studied 'Literae Humaniores'. A less job ready degree it would be hard to find.
A downgrade to inflation expectations on Friday gave market sentiment a boost. NAB’s Ray Attrill says it’s been taken as a sign that central banks might have to do less to soften demand and a reduced fear in recession risk. https://t.co/4xdqefB3O0