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Up Is Down, And Down Is Up!

In this week’s market review, we examine the curious relationship between updated economic data, and the markets. And I conclude, Up is Down. We start with the US markets, look across Europe and Asia, and end in Australia, as well as covering the latest in Oil and Metals, and a quick look at Crypto.

It appears equity traders have apparently gotten bored waiting for higher interest rates to make their presence known in the economy despite increasingly thorny warnings from the Federal Reserve, and the shockingly frank revelation from the Bank of England on Thursday that Recession is coming. The focus rather has been on celebrating buoyant earnings and economic reports. The S&P 500’s performance over the last five days was virtually flat compared with the previous two weeks.

The central bank is “nowhere near” being almost done cracking down on inflation, San Francisco’s Mary Daly said. Cleveland’s Loretta Mester is looking for persuasive evidence price pressures are moderating and Chicago’s Charles Evans said policy makers were a few reports away from seeing the kind of data that would make them think they’re on the right track.

“The market is basically saying to the Fed, ‘You’re not going to have to go as far as you think you do,’ and also, ‘You might have to start reversing course much sooner than you think you have to,’” Katie Nixon, chief investment officer at Northern Trust Wealth Management, said “Is it sustainable in the face of a Fed that appears to be hell-bent on not stopping not stopping?”

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Written by Walk The World

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  1. I can’t see the FED shooting rates up only to pull then straight back down again. Rates tend to move in slow angles one way or the other. They don’t yo yo.

  2. why do corpaorate think that wages inflation MUST cause price inflation.

    To me there is a gap in the middle there that never seems to take any of the squeeze.

    The investor class
    the CEO class
    and the management class.

    Maybe they should take more of the squeeze before wage busting with immigration and unemployment and price inflation.

    Who was it Kevin07 and Swan

    Maximum pass through ……

    And on the other end…. with inflation there need not be maximum pass through. YOU TAKE SOME OF THE PAIN YOU ASK ALL OTHERS TO TAKE.

    And if you are a small business that is used to cheap dodgy labour, and complain you need immigration to find employees….

    Then maybe you have to actually get your hands dirty and work that job….. instead of just sitting back and taking all the profits at others expense.

    The participation rate tells the true story here.

    Lets scrap the LLC, lets see the investor class NOT socialist those losses and risk, huh ?
    The LLC is socialst, not true capitalism.

  3. Coinbase and Blackrock just prove what some of us have known since before 2016, crypto and btc always were completely subverted by the system.

    You reckon that after hundreds (or rather, thousands) of years of control they would just give it up to some sort of schizo cyberpunk anarcho capitalist / lolbertarian utopia?

    Press X for doubt.

  4. Every time I think that good progress is being made with popping this asset bubble I'll see the Saturday evening real estate results and although on a macro level the quantity of listings sold is way down, many listings are still even now selling for insane prices, defying the rise in rates, defying inflation, almost defying logic. There must be so many people lying about their incomes and expenditure and banks not doing due diligence (or flat out being unconscionable and callous) when these approvals are being sought. They must be so desperate for business. It blows my mind that this is still going on. It might take getting the cash rate up to 4% and even a wage price spiral in the mix and I'm really starting to feel like I'll be glad to see it. So tired of this f'ing nonsense. Sorry for those who bought at the peak but resolution of this situation is many years overdue.

  5. The job numbers look good only if you want to ignore the facts.
    The workforce participation rate fell, which means less people are working, not more. The 'strong' job numbers are all people taking on double or triple jobs so that they can keep their heads above water loaded up with epic mortgage and credit card debt.
    I would even question that so many jobs were actually created given that companies are making job cuts left, right and centre. Governments are rigging data and gaslighting their citizens.
    It's garbage in, garbage out, and all because the fed and government know they have screwed up royally. If they keep raising rates, they collapse the entire global economy. If they drop, we get hyperinflation.

  6. Hi Martin roughly 10% like to view rate is pretty good, (I look at statistics alot these days, thanks to this bloke from Thirroul, that I watch on YouTube religiously these days) the new combining notifications into a playlist, forces me to often go back to like and share a video. I don't know if there is anything you can do about that at your end to keep them separate. In saying all that you deserve more keep up the great work I have learnt so much from the knowledge that you share! 👍😁

  7. 95% of the time I remember to thumbs up but that's not your problem. Welcome to the realm of shadow banning, where I can't even post a silly lame kid's joke T-shirt without it being removed instantly. All because I post videos that have just even elements of content that goes against the state narrative. Good luck and cheers.

  8. Do economists learn from the past? Or just keep passing legislation at all levels to keep people in this country poor. There is absolutely no government restraint and shouldn't keep taking without giving back.
    An economist once reversed this mindset and let the country motor on, doing what it does best.

    Reaganomics worked and here we are with 3rd wheel political parties interferring with flow and a government already out of control.
    Inflation will NEVER stop until government stops spending like drunken sailors.

  9. You don't stop a war do you Mr. North you are determined to win until you see the dead bodies do you? Unemployment is always the measure that the Manadarins watch. It tells them when the peasants and the san-cullotes have had enough of their monetary purity and when they might show up with pitchforks and knives at their gates. Believe me, it's not middle class wails or the whining of the chattering classes that move our Masters with the mindset of people like Macfarlane. It's when they are surrounded by a mob in their Mercedes that they will start to take notice.

    1.75% in the UK? 1.85% in Australia? 2.5% in the US and NZ? Christ you've naive if you think these are high. It's not the level, but the effect Mr. North. These robust labour markets are telling you something you just do not want to see.

    You've fallen into the trap of thinking your voice matters on serious matters . The middle classes always do.

  10. Thank you Martin for the Data/information. Very important!
    Sad that people are looking to/for opinion/entertainment.
    Seems that we have been conditioned to trust the experts…
    Newspeak

  11. Thanks Martin, again…outstanding.

    Any institutions jumping in on the idea of crypto and bitcoin becoming stronger, I just liken to the idea that there still zombies companies/ deadman walking companies who just follow trends rather than common sense.

    You turn money, disliked, into a token which is near unusable as a medium of exchange (in terms of ubiquity).

    With no recourse, no policing system to enforce any laws …well because there ain’t any, no body of arbitration…no courts to apply any legislation wel because there ain’t any.

    And it still lacks the banks coordinated efforts with payments processors like visa, Mastercard, job, upi etc which are everywhere.

    It just does not compete at all…if it was to compete, it’s got 10 years of maturing. And all this money is seemingly given/allocated by people who want overnight success. Which shows it is completely in the wrong hands.

    Anyways, there is so much to dislike about crypto, but still…people like Kim K are still on every news site. Mark Z the most anti social human is the host and ideas man behind the worlds social gathering site, and Elon husk has hair plugs, sleeps with multiple women reproducing and spends no time with family, ezactly like his father who is a douche…also fleeces money off people and the govt, just like he did when he was young and. Not going to school…and is still seen as a genius by the majority.

    So, in a nutshell…what the f..k do I know

  12. Awesome. You plugged your own stuff and stopped being professional for three seconds. Maybe next time you have Edwin on, you will both be wearing something related to Ozzy crazy predicament we are all in. Lol

  13. The rich remain rich spending like the poor and investing non-stop, the poor remain poor spending like the rich but not investing like the rich, first got into crypto back in 2016 and I’ve been hodling/buying sats at different price points since. I've been through corrections before and will likely experience more over the future. Volatility is simply the price one needs to pay if they want to play. I don't have any Alts as I'm a bit of a BTC Maxi, but that said, if BTC hasn't died before, it surely won't do so now. Stick in there – yes we are all feeling the pain, but over the long run this will just be a blip. This is how I see past corrections when I felt that I got in at a high (back then I think it was less than $1000 and bouncing all over the place!). Now when I look back, all I see is regret for not having the courage in buying more at those times. But if you believe BTC has value, then by all means, buy these dips if you can afford to. For those who got in at 50 to 60K and feeling the crunch: hang in there. BTC is not a get rich quick scheme. Wait it out and you will see: you will come away stronger. I buy and just trade long term more than ever, I have made over 12` BTC with 3.1’ BTC in just 5wks from day trading with Expert Frederick Joseph in few weeks this is one of the best medium to backup your assets incase it goes bearish. You can reach Expert Frederick on his What’sapp 十𝟏𝟔𝟒𝟔𝟑𝟐𝟖𝟕𝟖𝟎𝟒.

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