Global

Tug of War

  • One side has the Fed, its army of speakers & bearish investors; the other has falling US inflation & EU energy prices

  • The winner will determine the direction of risk assets in 2023; we expect stability ahead &see the USD as the main loser

  • BofA FMS notes investors are 2sdUW stocks & 2sdOW Cash; we expect 2022 bears to capitulate as headwinds > 2023 tailwind

https://cdn.tellimer.com/providers/badge-tpw-advisory-yeodNPWEqByaSJ8tNGMZqSXjJqSQTqVMpHI1fi8w.png
Jay Pelosky @ TPW Advisory
November 18th, 2022
Subscribe to read this report

You can read this report by subscribing to a Starter or Pro plan today.

Already have an account? Log in

Subscribe to read this report

You can read this report by subscribing to a Starter or Pro plan today.

Already have an account? Log in

Most Read

1 ∙ Sovereign ∙ Kenya
Kenya: Restructuring concerns and fiscal slippage weigh on bonds
2 ∙ Fixed Income Flash ∙ Sri Lanka
Sri Lanka: IMF review delayed by revenue shortfalls and financing assurances
3 ∙ Weekend Reading ∙ Global
Uranium's price surge sparks emerging market opportunities
4 ∙ Sovereign ∙ Suriname
Suriname: Progress continues but political tensions return
5 ∙ Morning Note ∙ Global
Frontier Daily, 29 September: Worst EM spread move since May, Bolivia down 4.5%

Disclosures

This publication is being distributed by Tellimer solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument.

This publication is not intended for distribution to, or use by, any person or entity in any jurisdiction in any country where such distribution or use would be contrary to law or regulation, or which would subject Tellimer to any registration requirement within such jurisdiction or country.