Weekly Briefing

Summary: This week, the rich, powerful and visionary met in Davos, Switzerland (World Economic Forum). Nothing very useful came out of there, including the interviews that passed on the mainstream media. There is a general optimism of the politicians and stock markets. But both technical indicators and fundamentals point downwards. It’s too soon for optimism […]

Summary: The week was marked by the release of the Consumer Price Inflation data in the US. The stock markets remain on a slightly positive note, while investors await the results of this earnings season and the FED decision and speech early next month. The annual inflation rate in the US slowed for a sixth

Summary: Happy new year and welcome to the first trading week. A worldwide recession is being forecasted by almost everybody. Some still believe in a soft landing. But nobody really knows. So we’ll stay in tune with the news and make our best investments and bets, carefully. December FED minutes were released, and the aggressive

Summary:     A relaxed week, without any big developments on the geopolitical or economic fronts. No rally in the stock markets (the so-called Santa Claus Rally) and low volume as expected for this time of the year.     The next months will be key in revealing the terminal FED funds rate. Then, we may get

Summary:     Argentina won the Football World Cup 2022. (Source: The New York Times)     Former FTX CEO Sam Bankman-Fried went to jail in the Bahamas and then was extradited to the US. (Source: The Guardian)     CFPB ordered Wells Fargo to Pay $3.7 Billion for widespread Mismanagement of auto loans, mortgages, and deposit accounts

Summary:     On Tuesday, the annual inflation rate in the US showed signs of slowing down, for a fifth straight month to 7.1% in November of 2022, the lowest since December last year, and below forecasts of 7.3%. The markets rallied after such good news.     However, on Wednesday, the Federal Reserve raised the fed

Summary:     The ISM Services PMI was released and the number was higher than last month (56.5 in November of 2022, vs 54.4 in October). Business activity increased faster (64.7 vs 55.7) and employment rebounded (51.5 vs 49.1), prompted by a new fiscal period and the holiday season. Also, price pressures eased (70 vs 70.7),

Summary:     Well…the markets continue confused and the economy continues to slowly slow. In a conference this week, J. Powell said that the FED funds rate rises are going to slow, in order to evaluate the effects of recent rate hikes on the system. Thus, a 0.5% increase in December is to be expected. The

Summary: Durable goods orders in the US which measure the cost of orders received by manufacturers for goods that meant to last at least three years, jumped 1% month-over-month in October of 2022, following a downwardly revised 0.3% increase in September and beating market forecasts of a 0.4% rise. It is the biggest rise in

Summary: Retail sales in the US surged 1.3% month-over-month in October of 2022, the strongest increase in eight months, after a flat reading in September and beating market forecasts of a 1% gain. Sales at motor vehicle dealers were up 1.3% as supply chain constraints have been easing while rising gasoline costs pushed sales at