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Market Watch December 2022
Outlook 2023: Central banks might reach their terminal rate in H1, but no cuts are in sight The latest rate-policy-outlook from the Fed, the SNB and the BOE were all saying we keep rising and in inflation will be sticky. But the hawkish surprise was the ECB. Finally, they admitted the obvious. Not only will inflation stay at…
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Market Watch November 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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Blackfort Market Overview. January I
Dear colleagues, clients and partners, We are glad to share our video overview discussing the following topics: Rough start of the year Panic in the US market Potential conflict in the Ukraine New Fed meeting Rising rates Disclaimer: This Market Watch (hereafter «MW») is provided for information purposes only. This document was produced by Blackfort Capital…
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Bi-Weekly. Blackfort. January 2022 (I)
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Outlook 2022. Blackfort.
Blackfort’s investment investment outlook for 2022 Global markets in 2021: A mixed bag The 2021 was a complicated year for both equities and bonds. While developed equities performed extremely well, with the US markets up around 27% again more leading the peg, on the flip side we had Hang Seng which lost 13% just to be followed by…