Date:
26/01/2024
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Financial Markets and Inflation
Federal Reserve's Inflation Gauge: Reports indicate a 0.2% rise in December, with an annual increase of 2.9%, suggesting modest inflationary pressures in the US economy.
Treasury Yield Stability: The 10-year Treasury yield holds steady at around 4.14% after positive inflation reports but shows signs of pulling back post GDP data that indicates slowing inflation with strong economic growth.
Commodity Markets and Regional Market Trends
Commodity Price Pressures: A 'super squeeze' in commodities forecasting higher prices to stay, while uranium prices may surpass 16-year highs due to shortages.
Interest Rate Hikes in Turkey: As inflation nears 65%, Turkey raises rates to 45%, adding volatility within the currency markets.
Stock Market and Investment Strategies
Overbought Chip Stocks: Analysis suggests leading stocks like Nvidia might be set for a correction.
Tesla's Shares & Investor Preferences: JPMorgan's outlook includes a potential drop for Tesla, while investor preferences show a shift towards certain bond funds.
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