The Saturday Hark Back - 13 Jan 2024
Capturing the themes of the week when there’s more time to digest them.
The Hark Back
If the first week of the year was volatile, the second was the definition of quiet. The US CPI failed to energize the FX and/or rates market (e.g. EURUSD stuck in a 1.15% range), tech stocks rallied back from their first week losses, the Bitcoin ETF was cleared to trade and even the geopolitical tensions in the Red Sea failed to have a major impact on assets outside of a short-lived spike in oil back to $80.
The key narratives that drove markets last week:
Bitcoin ETF released
Red Sea counter attacks
Is inflation in USofA at risk of basing?
Fed to end QT by March/May as RRP runs out
Earning season commences with some weak bank earnings ex-JPM
2024 The Year of Elections - Taiwan Ruling Party Return Victorious
Tweet of the Week {h/t @IvanTheK}
Top 10 Reads of the Week on Harkster.com
Top 5 Podcasts of the Week:
Week Ahead Previews