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Market Watch November 2022
Macro Update: More sings of a significant economic slowdown in the US The latest US flash PMI data points towards a significant economic slowdown, which gives the fed room to slow down its rate hiking pace. However, the US economy still sends strong signals out about the recent economic development. Strong durable good orders and a resilient consumer…
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Market Watch October 2022
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Market Watch September 2022
Macro Update: After 700 bps Rate Hikes Global Markets Tumble The latest mini rate hiking cycle has brought us more than 700 basis points higher policy rates in developed countries. The Swedish risk bank has surprised with a 1% step while the Bank of England has disappointed with a too small step of 0.5%. Also, the Fed has…
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Bi-Weekly August 2022
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Bi-Weekly. July 2022 I
Bi-Weekly. July 2022 I Macro Update: A recession seams unavoidable in Europe, like stagflation in the US v§After a weak Q1 US GDP we do expect a low but positive figure for Q2. Forward-looking however we fear that the US will fall into a stagflation. Where the real GDP will be around zero, but the nominal GDP should…
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Bi-Weekly. March 2022 I
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Bi-Weekly. February 2022 II
Bi-Weekly. February 2022 II Macro Update: Higher headline inflation increases the risk of central bank policy errors The latest Fed’s release was “a masterpiece of saying what markets already know”, as UBS stated. March rate hike and quantitative policy tightening faster than before was discussed. They question of how many rate hikes will we see during 2022 is…
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Bi-Weekly. February 2022 I
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Bi-Weekly. Blackfort. January 2022 (I)
Macro Update: Global government bond yields rise due to higher inflation This week the German 10-year bund had a positive yield for the first time since 2019. Similarly, in the US after the latest print of 7% CPI, the 10-year government bond yield is approaching the 2% level. Before Christmas we did see some demand for US government…
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OUTLOOK 2022: SLOWDOWN BUT STILL HEALTHY GROWTH
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CFA Russia and Blackfort Capital online webinar
Good afternoon! On behalf of Blackfort Capital we invite you to our joint with CFA Russia webinar: OUTLOOK 2022: SLOWDOWN BUT STILL HEALTHY GROWTH http://event.cfarussia.org/marcodec2021 The webinar will take place on the 21st of December at 18:00 MSK, 16:00 ZRH. For free participation please use promocode *BF2909* Topics of discussion: -Marco update -Economic impact of Omicron -Inflation outlook/…