More irrational exuberance?
Markets are priced as though earnings will be strong and the Fed is nearing the end of its tightening cycle. But what if they are wrong? NAB’s Skye Masters says weak PMIs have thrown open the question about what where the ECB goes after this week.
NAB Morning Call · NAB - The Morning Call
Audio is streamed directly from the publisher (sphinx.acast.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Tuesday 25th July 2023
NAB Markets Research Disclaimer
Financial Services Guide | Information on our services - NAB
Markets are still expecting that the Fed is near the end of its tightening cycle, with equity markets continuing to push higher today. But what if the Fed sounds particularly hawkish this week? And what if the plethora of big tech earnings results come in much weaker than expected? It could be a choppy second half to the week. PMIs for Europe came in weaker than expected, and NAB’s Skye Masters says that opens up the question about what the ECB does after this week’s meeting.
Hosted on Acast. See acast.com/privacy for more information.