Yesterday’s ADP data showed that the US economy lost some 300’000 private jobs in December, versus 185’000 job additions expected by analysts, but no one cared.

Google jumped by more than 7% yesterday to a fresh record high on the back of strong earnings. Nasdaq gained for the fourth consecutive session adding another 0.50% to its gains. But don’t uncork the champagne just yet! Because the Nasdaq futures are trading more than 2% lower at the time of writing. Disappointing Facebook results, and a 23% plunge in Meta shares in the afterhours trading calls for a red session in the US.

Amazon is the last FAANG stock to announce earnings today, and the company is expected to reveal a second consecutive month of earnings decline. Ouch.

Inflation in the Eurozone hit 5.1% in December. So, all eyes are on Christine Lagarde and what she has to say at today’s press conference. Will she insist that inflation is transitory or will she finally accept the defeat, and call it a problem?

Across the Channel, the Brits will probably raise their interest rates by another 25bp for the second time at today’s meeting.

Elsewhere, OPEC maintained its production increase target at 400’000 barrels per day and the consensus is a further advance in crude oil to $100pb in the foreseeable future.

Watch the full episode to find out more!

US stocks gained for the third consecutive session, and the gains seemed more stable this time as the VIX index retreats. The Federal Reserve (Fed) storm is coming to an end, with most hawkish expectations already factored in the asset prices, and the strong corporate earnings help equities bind up their wounds.

We have two important events on today’s macro calendar: the OPEC meeting and the US ADP report.

OPEC will discuss whether and by how much they should increase its oil output at today’s meeting. But whatever happens, crude prices are poised for an advance towards the three-digit levels in the coming months given that global glut declines faster than expected due to a stronger recovery in demand, and ongoing supply constraints.

And the US jobs figures don't really matter. We guess that the December ADP number will be soft; we could even see a negative print today as the omicron may have taken a severe toll on the US jobs market in December. But it won’t matter for the Fed expectations!

Watch the full episode to find out more!

The S&P500 finished January with a strong two-day rally, but the index is still more than 5% lower than where it kicked off the year, having recorded its worst month since March 2020. Nasdaq closed yesterday’s session up by more than 3% for the second day in a row.

Nasdaq is already up by almost 9% from the January dip. Yet, 3-4% gains are often sign of high volatility and stress, and they could easily melt down in no time. What we need to see now is smaller but more sustainable gains to call the end of the January selloff.

Good news is that the Federal Reserve (Fed) officials start sending softer messages and the hawkish pricing is mostly done, which could lead to some more recovery in US stocks, especially of the upcoming earnings are strong, and in Bitcoin.

Exxon, Google, General Motors, AMD and EA are among the most closely monitored companies due to announce their Q4 earnings.

Watch the full episode to find out more!

US stocks recorded a last-minute rally on Friday, but gains remain on jeopardy as the hawkish Fed expectations and the Russia-Ukraine tensions are weighing on the risk appetite.

The geopolitical tensions, in fact, push energy prices higher, further boosting the inflation fears and the Fed hawks. The consensus now is that the Fed would raise the interest rates five times this year.

In this environment, US dollar is certainly a good place to park, while gold is doing surprisingly poorly despite having most factors that would normally support a better pricing on its side.

In the stock markets, value stock investors are finally being praised for their patience. At today’s episode, I have an interesting comparison of Warren Buffet and Cathi Wood’s performances over the past two years!

Watch the full episode to find out more!

US equities went from gains to losses, yet again, as the Ukrainian tensions, which support the rally in energy prices, and by doing so further boosts the inflation expectations and the Fed hawks didn’t do good to the overall market mood.

US dollar extended rally as the US yields continued pushing higher. The EURUSD slipped below the 1.12 mark.

Although it has been a blood-red month for the US equities, the FTSE 100 managed to eke out 3% gains in January, as a sign that the British blue-chip index is in a good place to be the winner of the finally-happening reflation trade.

In equity news, Tesla tanked more than 11% yesterday, as investors focused on the warnings that chip shortage could take a toll on performance this year, rather than the record-high profits (which were already factored in the stock price).

Apple, on the other hand, gained 5% in the afterhours trading as the results showed that the sales soared despite the chip shortage worries, helping Apple announce a better-than-expected revenue in the most important holiday quarter!

Watch the full episode to find out more!