The Macro View – Health, Economics, and Politics and the Big Picture. What I Am Watching Here And Abroad.

August 25, 2022 Edition-----The big story this week has been the multiple PM story in Australia with ScoMo. What an amazing saga!In the UK there seems to be an impending collapse of the economy coming unless some-one takes some really smart steps real soon now.Relatively the US has seemed pretty calm this week – just waiting for an impending recession – along with China and Europe.Fair to say things globally are pretty messy!-----Major Issues.-----https://www.afr.com/markets/equity-markets/every-investing-trend-misfires-as-stock-bears-are-crushed-20220814-p5b9o2Every investing trend misfires as stock bears are crushedDenitsa TsekovaAug 14, 2022 – 9.07amStock bears aresuddenly getting crushed. Once-dependable momentum trades are misfiring. Inflation-lashed bonds are bouncing back.After another expectations-busting week on Wall Street, sharp market reversals are baffling real-money veterans, retail speculators and quants alike.Big data surprises, including a blockbuster jobs report and a softer-than-expected July consumer price reading, have caught a heavily hedged investor base off guard, as the S&P 500 Index enjoys a nearly 17 per cent rally from the June bear-market low.Economic angst and speculation that price pressures are peaking have helped global bonds climb almost 4 per cent from their mid-June nadir, while once-hot stock shorts are backfiring.Put another way, every investing trend that defined the wild first half is staging a messy reversal in thelatest twis...
Source: Australian Health Information Technology - Category: Information Technology Authors: Source Type: blogs