Esperio: The Theatre Bizarre Rolled Up Its 2023 Curtain to Perform to Wall Street
by
FM
Both the Fed and the ECB proclaimed their intentions towards a struggle with wage growth.
A broad spectrum of equities and currencies are still very much in the dark when it comes to their further net momentum. The initial and fair-minded examination of the circumstances may tell us that the borrowing cost agenda, that is basically represented by the collective expectations on the pace of interest rate adjustments, takes centre stage compared to regular economic issues, at least from the marketβs point of view.
This may seem to be very absurd but most investors have to take this seriously if they want to be in tune with all the high and low tides of asset price waves.
U.S. Non-Farm Payrolls, which was released last Friday, could hardly be described as positive for the business environment. However, the S&P 500 broad market indicator added more than 2.5% to take it over 3,900 points for the first time since the U.S. Federal Reserve's (Fed) mid-December hawkish declarations, despite the recent and the worst one-time drop in the highly reputable non-manufacturing survey numbers after the pandemic spring of 2020.
The ISM report showed that average business activity plunged from 64.7 points a month ago to just 54.7 points. The holiday Christmas season did not prevent this sharp slowdown in the service industry, which is probably the worst thing. The survey showed that new orders for components lost even more as they sank from 56.0 to 45.2, which formally marked a typical recession sign.
The ISM employment side of the report was also negative even as the recent non-farm payrolls showed that an additional 223,000 jobs were created in December, which put the American labour market in question.
Large fund sharks and other market influencers turned this potentially very sad stream of economic information into inspiring rhetoric with their surprisingly well coordinated and extremely bullish reaction to the news.
Many short sales in indexes and individual stocks have been wiped out, just as the crowd of portfolio investors encouraged. Some room for breathing is forming under a friendly chorus of expert explanations that this landing would be soft, and even if it turns into a hard landing later, then the economy's weakness and sensitivity would only save more businesses from the crossfire from central banks, which allegedly may resist the strong temptation to raise their interest rates faster.
Both the Fed and the European Central Bank (ECB) literally proclaimed their intentions towards an irreconcilable struggle with wage growth in December, which will inevitably hit demand and corporate incomes.
So far none of the officials have renounced their plans and they are unlikely to do so, especially since the release of a rather tight report from the U.S. labour segment and the news of an increased core consumer price index in Europe as it managed to grow from 5.0% to 5.2% by the first Friday of January, are two more red flags to anger the hawks and then harm the market bulls.
Esperio analysts underline that inflationary pressure remains stubborn, although oil prices have fallen and gas spot prices in Europe are five times lower than last year's peak values due to the warm winter. Only the blind can ignore the actual price pressure's postponed influence.
This bomb hasn't exploded yet. Will some fuel price relief and hopes that central banks may show some kind of mercy outweigh the falling economy? It looks more like another act in the theatre bizarre of the strange and episodically illogical market, which was trying to substitute the bullish wishes and hopes for a cool reality, which investors have already observed more than once during 2022.
Yet, a bearish sentiment soon took over after each temporary uptick inspiration.
A broad spectrum of equities and currencies are still very much in the dark when it comes to their further net momentum. The initial and fair-minded examination of the circumstances may tell us that the borrowing cost agenda, that is basically represented by the collective expectations on the pace of interest rate adjustments, takes centre stage compared to regular economic issues, at least from the marketβs point of view.
This may seem to be very absurd but most investors have to take this seriously if they want to be in tune with all the high and low tides of asset price waves.
U.S. Non-Farm Payrolls, which was released last Friday, could hardly be described as positive for the business environment. However, the S&P 500 broad market indicator added more than 2.5% to take it over 3,900 points for the first time since the U.S. Federal Reserve's (Fed) mid-December hawkish declarations, despite the recent and the worst one-time drop in the highly reputable non-manufacturing survey numbers after the pandemic spring of 2020.
The ISM report showed that average business activity plunged from 64.7 points a month ago to just 54.7 points. The holiday Christmas season did not prevent this sharp slowdown in the service industry, which is probably the worst thing. The survey showed that new orders for components lost even more as they sank from 56.0 to 45.2, which formally marked a typical recession sign.
The ISM employment side of the report was also negative even as the recent non-farm payrolls showed that an additional 223,000 jobs were created in December, which put the American labour market in question.
Large fund sharks and other market influencers turned this potentially very sad stream of economic information into inspiring rhetoric with their surprisingly well coordinated and extremely bullish reaction to the news.
Many short sales in indexes and individual stocks have been wiped out, just as the crowd of portfolio investors encouraged. Some room for breathing is forming under a friendly chorus of expert explanations that this landing would be soft, and even if it turns into a hard landing later, then the economy's weakness and sensitivity would only save more businesses from the crossfire from central banks, which allegedly may resist the strong temptation to raise their interest rates faster.
Both the Fed and the European Central Bank (ECB) literally proclaimed their intentions towards an irreconcilable struggle with wage growth in December, which will inevitably hit demand and corporate incomes.
So far none of the officials have renounced their plans and they are unlikely to do so, especially since the release of a rather tight report from the U.S. labour segment and the news of an increased core consumer price index in Europe as it managed to grow from 5.0% to 5.2% by the first Friday of January, are two more red flags to anger the hawks and then harm the market bulls.
Esperio analysts underline that inflationary pressure remains stubborn, although oil prices have fallen and gas spot prices in Europe are five times lower than last year's peak values due to the warm winter. Only the blind can ignore the actual price pressure's postponed influence.
This bomb hasn't exploded yet. Will some fuel price relief and hopes that central banks may show some kind of mercy outweigh the falling economy? It looks more like another act in the theatre bizarre of the strange and episodically illogical market, which was trying to substitute the bullish wishes and hopes for a cool reality, which investors have already observed more than once during 2022.
Yet, a bearish sentiment soon took over after each temporary uptick inspiration.
FXIFY Celebrates 1 Year Anniversary: Establishing Itself as an Industry Leader
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
π£ Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaβs premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
π£ Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
π LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
π Facebook: https://www.facebook.com/FinanceMagnatesEvents
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africaβs premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now π https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
π£ Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
π LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
π£ Stay updated with the latest in finance and trading!
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
π£ Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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