Journal
September 2024
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Are Interest Rate Cuts still good for Financial Markets?
Good Morning Ladies and Gentlemen ”I fear that there is no voluntary return in the history of mankind.” “The Count” in Robert Musil’s The Man Without Qualities (first edition) U.S. Federal Reserve The U.S. Federal Reserve Bank has responded to the recent slowdown in inflation by implementing its first key interest rate cut in […]
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The Fed’s Path Forward
Good Morning Ladies and Gentlemen ”There may be more beautiful times, but this one is ours.” Jean-Paul Sartre ISM On Tuesday, the stock markets declined following Monday’s Labor Day closure. Tech stocks, susceptible to economic changes, were impacted by discouraging sentiment data from the industry. The Purchasing Managers‘ Index from the Institute for […]
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China, Iran and Ronni’s Trip to the U.S.
Good Morning Ladies and Gentlemen ”Honi soit qui mal y pense” The motto of the English Order of the Garter Chinese Central Bank On Tuesday, the Chinese financial supervisory authority provided a considerable tailwind with the announcement of several measures. For example, the minimum reserve requirements for banks are to be lowered by 50 […]
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Interest Rate Cuts are good for Equities
Good Morning Ladies and Gentlemen ”More jargon equals more bullshit, and more bullshit equals more billable hours.” Phil Elwood Cut Number 1 As anticipated, the ECB has reduced the deposit rate by 0.25% to 3.5%. This action positively influenced European financial markets, while currency markets remained relatively stable. Following ECB chief Christine Lagarde’s remarks […]