Tag Archive: Divergence

Cool Video: Q1 US GDP Optics may Mark Near-Term Peak in Divergence Theme

I joined Tom Keene and Francine Lacqua to talk about US GDP with David Riley from BlueBay Asset Management. Here is a link to a 2.5-minute clip. The initial estimate of Q1 US growth was well more than nearly anyone expected. The details were underwhelming as the consumption was halved and the GDP deflator was halved. Final private domestic sales, which strips away inventories, trade, and government spending rose 1.3%, the least more than five years.

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Cool Video: Bloomberg Clip US Growth in Relative Terms

With a jam-packed week for investors, and several high profile earnings reports, first look at Q4 GDP, the resumption of US-China trade talks, the FOMC meeting, and US jobs, it was a good time to be invited on the set of Bloomberg TV, with David Westin and Lisa Abramowicz. The clip here is with Matt Winkler, Editor-in-Chief Emeritus.

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FX Weekly Preview: Fed Can Look Through the Data Easier than the ECB and BOJ

Geopolitical issues will continue to bubble below the surface for the capital markets. The fallout from the reimposition of US sanctions on Iran has apparently helped lift oil prices in the face of the rising dollar, which often acts as a drag. In the coming days, the US will take the symbolic step of moving its embassy to Jerusalem.

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Divergence: Norway and Sweden

Sweden has one of the weakest of the major currencies this year. Norway has one of the strongest of the major currencies this year. The key driver is divergence of monetary policy and that divergence is likely continue into next year.

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