Equities | Europe | FX | Global | Monetary Policy & Inflation
Markets to Watch This Week: Central Bank Speakers in Focus
- By Bilal Hafeez
- 3 min read
Market Moves
US equities bounced back. The S&P500 has risen around 8% from its start-of-month lows. 3pp of this move came on Friday. Of the assets we look at, Alphabet (+2.7 std-devs) gained most on a risk adjusted basis. While both Chair Powell and St Louis Fed President James Bullard appeared more optimistic on the outlook of the US economy, it feels somewhat like the market is pricing in the opposite, and with it, less need for CB tightening and a generic bid in asset prices. Our model-based recession probability rose to above 50%.
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