Markets to Watch This Week: Equities and High-Yield Credit
- By Bilal Hafeez
- 1 min read
In this report, we standardise price changes across different markets to allow for cross-market comparisons.
Last week saw big positive moves. Apply share prices saw a 3+ standard-deviation weekly jump. The overall S&P500, US high yield credit, and Microsoft jumped by over 2 standard-deviations. And numerous other markets experienced 1+ standard deviation increases including:
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In this report, we standardise price changes across different markets to allow for cross-market comparisons.
Last week saw big positive moves. Apple share prices saw a 3+ standard-deviation weekly jump. The overall S&P500, US high yield credit, and Microsoft jumped by over 2 standard-deviations. And numerous other markets experienced 1+ standard deviation increases including:
- Eur high yield credit
- AUD/USD, MXN/USD, CAD/USD
- Facebook, Alibaba, DAX, Nasdaq, Euro Stoxx, FTSE-100, Alphabet, China CSI- 300
- Oil, natural gas
- US 2y, US 10y, US 2s10s, German 2y, Japan 2y
Remarkably, there were no extreme down-moves last week.
For this week, it is all about whether the positive sentiment continues. We’ll be watching equities and high yield credit.
Bilal Hafeez is the CEO and Editor of Macro Hive. He spent over twenty years doing research at big banks – JPMorgan, Deutsche Bank, and Nomura, where he had various “Global Head” roles and did FX, rates and cross-markets research.