Is the worst of market turmoil behind us? Canaccord’s Chief Investment Officer, Michel Perera, reflects on what has been happening recently in bond markets, the impact on equities and suggests “we must be careful not to embrace kneejerk reactions that dreadful markets often provoke.” Michel says what has happened this year is truly exceptional, but with…
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Markets last week Last week was dominated by inflation data, with the US CPI (consumer price index) providing a sobering outlook to investors who had been anticipating a smooth downward ride for price increases. At 8.3% headline CPI, the number fell less than expected, but more importantly the details showed that inflation was stickier. The…
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Markets last week In a week curtailed by the US Labor Day holiday, central banks were once again the focus, with the European Central Bank (ECB) hiking interest rates by an unprecedented 0.75% and senior officials at the US Federal Reserve (Fed) confirming the upward path for interest rates. The ECB delivered a 75 bp rate increase with…
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Markets last week In the wake of the previous week’s central bankers’ meeting in Jackson Hole, Wyoming, risk markets staged a full-scale retreat as over-optimistic investors digested the strong and unified message that there would be no premature pivot away from monetary tightening and a quick return to easy money. This is despite the clear…
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