GBGR News and Press, Global Beta Momentum-Growth From 07/17/22

The US and eurozone June composite PMI had nearly converged at 52.3 and 52.0, respectively. The BOJ saw the economy expanding 2.9% this year and slowing to 1.9% next and 1.1% in 2024. In June, the ECB raised the TLTRO rate to its deposit rate (-0.50%), and banks repaid almost 75 b...

The stock market closed the past week on the upside after it had started the week on the downside. The Federal Reserve continues to tighten up its monetary policy to battle inflationary pressures. Many investors still believe that the current battle to contain inflation will be sh...

CPI was up 9.1% y-o-y in June, the highest rate, as we all know by now, since 1981. With two-year yields up two bps this week (3.13%), the U.S. yield curve (2yr/10ry) ended the week inverted 20 bps. Crisis Dynamics have returned more powerful than ever, leaving Beijing officials i...

The reality of record-high inflation combined with a hawkish monetary policy is slowing the economy sharply and has led to the current U.S. recession - two back-to-back quarters of negative growth. The intractable inflation seen in the June CPI print isn’t all about some aberra...

Financial markets remained turbulent through Q2 of 2022 as inflationary pressures, interest rate hikes, & ongoing war in Ukraine weighed on investor sentiment, & we've come to accept that the future will likely look different from the past. We now expect U.S. inflation to peak...

K2 Advisors team is monitoring economic growth, earnings, supply chains, and inflation for clues as to whether central banks can achieve the elusive soft landing. Central bank policy paths are a clear focal point for markets as policymakers seek to navigate above-target inflation and ...

Jobless claims have continued to rise hitting the highest level since November this week. Claims rose from an unrevised 235K up to 244K this week. With consistent increases in claims over the past few months, the reading has gone from multi-decade lows to levels that would have been t...

Preliminary July results from University of Michigan Surveys of Consumers show overall consumer sentiment ticked up in early July but remains near record lows. The one-year inflation expectations fell to 5.2 percent in early July. The plunge in consumer attitudes reflects a conflu...

Many important commodities are in major declines off highs hit earlier in 2022. A still-strong U.S. jobs market and decent wage growth point to massive CPI readings to come. A better-than-expected Advance Retail Sales report might concern the Fed ahead of the FOMC's July 27 meetin...

Basic economics says that companies can only set prices at a level where the current supply will meet demand. While the Fed is hiking rates to quell inflation, inflation would eventually cure itself through the normal economic cycle if it did nothing. Blaming giant corporations fo...