Tempting to call an end to a rally
And there is no stagflation in site
- A stagflationary debt crisis like no other is not against the odds Mint
- Why are prices going up? Used cars, gas, and groceries seem more ... Vox
- Links: Stagflation, judicial review, living out American ideals National Catholic Reporter
- Is the Fed Getting Burned Again? by John B. Taylor – Project ... Project Syndicate
- Stagflation, debt mountain pose black swan threats The Standard (HK)
- Indian economy and the rising threat of stagflation, explained The Week
- Stagflation Definition - Investopedia www.investopedia.com › Economics › Macroeconomics
- Stagflation - Wikipedia en.wikipedia.org › wiki › Stagflation
- Is Stagflation Coming? by Nouriel Roubini - Project Syndicate www.project-syndicate.org › commentary › stagflation-threat-after-covid1...
- [PDF] It's Not Stagflation - Moody's Analytics www.moodysanalytics.com › weekly-market-outlook-its-not-stagflation
- All you wanted to know about Stagflation - The Hindu BusinessLine www.thehindubusinessline.com › columns › slate › article34691993
- Stagflation - Overview, Examples, Why Stagflation is Feared corporatefinanceinstitute.com › Resources
- [PDF] It's Not Stagflation - Moody's Analytics www.moodysanalytics.com › weekly-market-outlook-its-not-stagflation
- [PDF] Stagflation and Productivity Decline in Canada, 1974-1982 www.nber.org › system › files › working_papers
- [PDF] Mergers, Stagflation and the Logic of Globalization - EconStor www.econstor.eu › bitstream › bna-166_030101N_Merger_stagflatio...
- [PDF] Not That '70s Show: Why Stagflation Is Unlikely www.piie.com › publications › papers › posen20110627
- [PDF] Stagflation and the crossroad in macroeconomics - HAL-SHS halshs.archives-ouvertes.fr › halshs-01625188 › document
- (PDF) Decades of Stagflation and Cartoon Economics - ResearchGate www.researchgate.net › publication › 326193802_Decades_of_Stagflation...
Global political picture still not easy
US pulling out of Afghanistan created a pressure for Russia
Russia integration with Belarus is also gaining speed and will be a source of all sorts of negative pressures on Russia
US and UK navy increased presence in Black Sea is another source of worry
As well as Russia perennial standoff with Ukraine and the west re later Nato ambitions
And the Caucasia changing its face with Turkey increased influence on Azerbaijan
July and August are likely to be nervous months in geopolitics
Fed is unlikely to raise rates in the near future
But Fed is likely to start tapering its support for bond markets
Fed taper could take its negative toll on the markets
But at the same time inflation is unlikely to go away given the amount of dollars that has been printed
And deeply negative real rates put additional pressure on prices
And interest to Gold is likely to return soon
All sorts of inflation protection will be in demand
Yet the travel is gradually unlocked and
Quarantines are receding
Economic recovery is gaining speed
Recent Strategy Chart Art
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Choose A Country
Airlines: Indian shares rise as auto, airline stocks rally; COVID-19 cases drop Reuters EUROPEAN MIDDAY BRIEFING: Airline Stocks Rise as Germany ... Morningstar
| ARGENTINA: Telecom Argentina S.A. - ADR (TEO) falls -1.5840% for July 06 Equities.com Crude and energy stocks soar as oil rocks the markets Fortune
| AUSTRALIA: Australia's AMP says unit to sell global equities and fixed income business to Macquarie Nasdaq AMP Capital Global Equities and Fixed Income business to be sold to Macquarie Asset Management in $185m deal The Australian
| AUSTRIA: DACH roundup: Austrian Pensionskassen turn to private markets Investment & Pensions Europe BlackRock Institutional Trust Company N.A. - iShares MSCI Austria ... Equities.com
| BAHRAIN: Saudi Stocks Lead Mideast Higher as Oil Extends Gains: Inside EM Bloomberg.com Saudi Stocks Slump as Valuation Concerns Mount: Inside EM Bloomberg.com
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BELGIUM: People Moves: M&G, Fairway Group, PGIM, Transamerica Life ... International Investment JinkoSolar Holding Co. Ltd - ADR (JKS) gains 7.8370% for July 06 Equities.com
| BRAZIL: Brazil's Oi says court rules fiber unit to be sold to BTG funds Yahoo Finance EMERGING MARKETS-Brazil's real hits 1-month low as political jitters persist Yahoo Finance
| BRITAIN: Stock Market Today: Dow, S&P Live Updates for Jul. 8, 2021 Bloomberg.com Shortages hit US services firms, German factories and UK builders; Didi shares tumble after crackdown – as it happened The Guardian
| CANADA: U.S. investors looking for a cheap way to play the global recovery ... CNBC Foreigners flood Canada's stock market amid value rotation BNN
| CHILE: Chile's Bargain-Basement Stocks Too Good to Miss for Some Bloomberg.com Rising Stocks Lift Single-Country ETFs Financial Advisor Magazine
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CHINA: China Stocks Slump Most in Four Months After Party Centenary Bloomberg.com Investors in Chinese Stocks Hope for Better Second Half After Weak Showing Wall Street Journal
| COLOMBIA:
| Consumer Entertainment: U.S. stocks end mostly lower Tuesday, Nasdaq rises to new peak after fall in ISM service sector gauge MarketWatch The unlock trade is all about “eat, drink and be merry”. Here are 7 stocks to play the theme Moneycontrol
| CZECH: CEE MARKETS-Zloty holds stable after lower-than-expected flash CPI Yahoo Finance CEE MARKETS-Zloty leads gains, forint and crown higher after rate hikes Nasdaq
| DENMARK:
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EGYPT:
| FINLAND: BlackRock Institutional Trust Company N.A. - iShares MSCI Finland ... Equities.com Top Canadian pension fund plans $75 billion push into private ... AFR
| FRANCE: European Equities: German Trade Data, the ECB Minutes, and US ... FX Empire European Equities: German Industrial Production in Focus Yahoo Finance
| GERMANY: European Equities: German Trade Data, the ECB Minutes, and U.S Jobless Claims in Focus Yahoo Finance European Equities: German Industrial Production in Focus Yahoo Finance
| GREECE: European Equities: U.S Nonfarm Payrolls in Focus Yahoo Finance Valuations Are Extreme. Stocks Can Still Go Up Bloomberg.com
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HONG KONG: New Report Explores Impact of AT/HFT on Hong Kong Equities Regulation Asia Broadridge and China Renaissance to expand post-trade ... The Trade
| HUNGARY: Did Cristiano Ronaldo give Coca-Cola a kicking? New Statesman CEE MARKETS-Zloty holds stable after lower-than-expected flash CPI Yahoo Finance
| INDIA: The Race to Become the Vanguard of India's Stock Market Is On Bloomberg.com Race to become the vanguard of India's stock market is on Times of India
| INDONESIA: Emerging markets: Indonesia stocks drop on Covid-19 woes as Thai ... The Star Asian equities see foreign outflows in June as virus woes weigh Reuters
| IRELAND: Stock Markets Today: Northern Ireland, Covid-19 Origins, Travel ... Bloomberg.com Bank of Ireland in advanced talks for €500m Davy buyout The Irish Times
|
ISRAEL: Ellomay Capital Ltd (ELLO) gains 0.0320% for July 06 Equities.com VanEck Vectors ETF Trust - VanEck Vectors Israel ETF (ISRA) gains ... Equities.com
| ITALY: Treasuries rally and European stocks drop on rising economic concerns Financial Times Daily Markets: Equities Look for Direction in Quiet Week Ahead Nasdaq
| JAPAN: Japan stocks track Wall Street's solid finish to close week higher CNA BlackRock turns positive on European equities amid ‘powerful restart’ from the pandemic MarketWatch
| KAZAKHSTAN: A bumpy road towards relevance for Kazakhstan's AIFC bne IntelliNews Why Vietnam and Kazakhstan stand out as investment opportunities International Investment
| LEBANON:
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MALAYSIA: Foreign investors sell down RM499.25mil in net local equities The Star Banking stocks tipped to benefit most once full MCO ends The Sun Daily
| MEXICO: Mexican Stocks Gain Appeal as President AMLO Loses Popularity Barron's Rising Stocks Lift Single-Country ETFs Financial Advisor Magazine
| NETHERLANDS: Time Equities refinances Dutch portfolio with $105M loan Real Estate Weekly European Equities: German Industrial Production in Focus Yahoo Finance
| NEW ZEALAND: Australian shares wipes off early gains, AMP sells fixed income business for $185m ABC Australia shares rise on mining, industrial gains Reuters
| NIGERIA: Cordros Securities: Nigeria's equities market poised for a rebound in ... CNBC Africa Top 10 stockbroking firms in Nigeria traded stocks worth N541.2 billion in H1 2021 Nairametrics
|
NORWAY: Norway wealth fund backs Vivendi's plan to spin off Universal Music Yahoo News Insto roundup: Norway's Oil Fund praises China governance efforts ... AsianInvestor
| OMAN:
| PAKISTAN: Stocks lose for third day as economic angst lingers The News International Jubilation on Pakistan Stock Exchange Dawn
| PERU: Analysis: Peru markets and miners fear Castillo, see silver lining in split vote Yahoo Finance Peru's sol, stocks plunge as Castillo overtakes Fujimori in close ... Investing.com
| PHILIPPINES: Funds Flee Southeast Asia Stocks as Vaccine Push Gets Urgent Bloomberg.com Stocks index, peso slide amid better June inflation rate Philippine News Agency
|
POLAND:
| PORTUGAL:
| QATAR: Foreign institutions' sustained buying interests lift Qatar Stock ... Gulf Times Foreign institutions help QSE snap two days of bearish spell Gulf Times
| QATAR: Foreign institutions' sustained buying interests lift Qatar Stock ... Gulf Times Foreign institutions help QSE snap two days of bearish spell Gulf Times
| ROMANIA: WNS Holdings Limited - ADR (WNS) gains 1.2720% for July 06 Equities.com Global Financial Wealth Soars to A Record High, Romanian ... Business-review.eu
|
RUSSIA: Rouble recovers from two-month low as oil prices rebound Nasdaq Russian rouble dives past 74 vs dollar as oil prices drop Nasdaq
| SINGAPORE: Singapore stocks open lower on Tuesday; STI down 0.4% The Business Times Singapore stocks fall at Friday's open; STI slips 0.3% The Business Times
| SOUTH AFRICA: World's largest asset manager downgrades its outlook on SA and other emerging markets' equities News24 South African Stocks Drop as Anglo Leads Miners' Post-Fed Slump Bloomberg.com
| SOUTH KOREA: Asian equities see foreign outflows in June as virus woes weigh Reuters Equities trade generally lower amid Fed minutes FXStreet
| SPAIN: Treasuries rally and European stocks drop on rising economic concerns Financial Times Credit Suisse Likes Germany, Spain and U.K. Equities Bloomberg.com
|
SWEDEN: Church of Sweden manages concentration risk Top1000Funds.com Daily Markets: Equities Look for Direction in Quiet Week Ahead Nasdaq
| SWITZERLAND: UPDATE 1-Swiss stocks score best winning streak in 33 years Reuters Swiss stocks score best winning streak in 33 years Reuters
| TAIWAN: Taiwan equities ETF inflows hit record high in May Financial Times Asian equities see foreign outflows in June as virus woes weigh Reuters
| THAILAND: EXCLUSIVE Thailand weighs new transaction tax on securities ... Reuters Exclusive-Thailand weighs new transaction tax on securities trades-sources Reuters
| TURKEY: Stock Markets Today: Trade tensions ease; UK lockdown; Turkey ... Bloomberg.com Citigroup to Close Turkish Brokerage After Strategic Review Bloomberg.com
|
UAE: BlackRock Institutional Trust Company N.A. - iShares MSCI UAE ... Equities.com Indian rupee rises against UAE dirham; helped by gains in equities Khaleej Times
| UKRAINE: Putin Blames US and UK for Black Sea Provocation Equities.com EMERGING MARKETS-Oil gains push rouble past Ukraine tensions; stocks rise Reuters
| UNITED STATES: BlackRock bearish on Treasuries, cuts US equities to neutral By ... Investing.com U.S. stocks end mostly lower Tuesday, Nasdaq rises to new peak after fall in ISM service sector gauge MarketWatch
| VIETNAM: Asian equities see foreign outflows in June as virus woes weigh Reuters Dragon Capital opens doors to Vietnam"s maturing equity market Proactive Investors
|
Comment
Monthly performance is between 2021-07-01 and 2021-06-01
Best global markets YTD USA +14.59%, FM (FRONTIER MARKETS) +13.45%, EUROPE +10.85%,
While worst global markets YTD EFM ASIA 4.77%, EM (EMERGING MARKETS) 5.96%, EM LATIN AMERICA 6.04%,
Best global markets last month USA +3.22%, FM (FRONTIER MARKETS) +2.22%, EM LATIN AMERICA-0.58%,
While worst global markets last month EUROPE -1.73%, EFM ASIA -1.71%, EM (EMERGING MARKETS) -1.63%,
Thinking strategically about value allocation to emerging markets Livewire Markets Will Emerging Markets Outperform This Year? International Banker BlackRock raises $250 mln for emerging markets-focused climate fund Reuters Major U.S. index to remove more China stocks after Biden order Reuters FTSE Russell to remove more China stocks from indexes over US ban The Economic Times UPDATE 2-U.S. index publishers to remove more China stocks after Biden order Yahoo Finance BlackRock turns positive on European equities amid ‘powerful restart’ from the pandemic MarketWatch BlackRock upgrades European stocks to Overweight, cuts U.S. equities to Neutral Seeking Alpha World's largest asset manager downgrades its outlook on SA and other emerging markets' equities News24 Oil prices continue to fall as OPEC+ uncertainty weighs CNBC Oil Prices Are In Turmoil Right Now. Here Are 5 Things You Need To ... NPR Oil Price Spike Risks Wider Market Swings Amid Inflation Fears Bloomberg.com Iron ore price up as China steel futures rise - MINING.COM Mining.com Steel price cut likely in July: Here’s why Hellenic Shipping News Worldwide Surging steel prices impacting construction industry Standard Speaker Indian spot gold rate and silver price on Thursday, Jul 08, 2021 Hindustan Times Gold Price Today, 8 July 2021: Yellow metal falls for first time in 6 days as US Dollar nears 3-month high The Financial Express Gold Price Today Sees Huge Drop, Down Over Rs 8,000 from Record High. Buy or Sell? News18
Best last month among various countries' equity markets were ZIMBABWE +9.50%, MAURITIUS +7.41%, BAHRAIN +6.96%, OMAN +5.33%, NIGERIA +3.83%, JORDAN +3.72%, VIETNAM +3.66%, KAZAKHSTAN +3.33%, SAUDI ARABIA DOMESTIC +3.32%, USA +3.22%,
While worst last month among various countries' equity markets were PERU -13.60%, SOUTH AFRICA -9.27%, PAKISTAN -8.59%, PAKISTAN -8.59%, PAKISTAN -8.59%, PAKISTAN -8.59%, CZECH REPUBLIC -7.36%, INDONESIA -6.24%, TUNISIA -5.79%, PORTUGAL -5.35%,
Best YTD among various country equities were ZIMBABWE +160.08%, KAZAKHSTAN +56.37%, LEBANON +34.71%, JORDAN +31.31%, SAUDI ARABIA DOMESTIC +29.10%, UNITED ARAB EMIRATES +23.56%, AUSTRIA +23.24%, VIETNAM +22.73%, KENYA +22.27%, BOTSWANA +20.90%,
While worst YTD among various country equities were TURKEY -22.24%, COLOMBIA -19.85%, PERU -19.58%, NEW ZEALAND -15.77%, INDONESIA -13.31%, EGYPT -13.11%, SRI LANKA -10.97%, MALAYSIA -10.56%, PAKISTAN -9.79%, PAKISTAN -9.79%,
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