About this episode
Today's Post - https://bahnsen.co/47gk0nS
A quiet day of trading as markets head towards the Christmas holiday on Monday and things slow down.
The US is one of many countries where inflation readings and projections are being reduced. The UK had a much lower-than-expected November inflation reading yesterday at 3.9% y/y versus a 4.3% expected and down from 4.6% the month prior. Not surprisingly, Gilt yields moved dramatically lower, and futures were priced in 150 bps of BOE rate cuts next year.
PPI data in Germany today was also below expectations. While the ECB noted it would maintain rates where they were last week, I expect that narrative to change next year if we continue to see numbers like this, especially once the US starts cutting. Global central bank policy, as does trade and currencies, tends to be tethered—this and more in today's video podcast.
Links mentioned in this episode: TheDCToday.com DividendCafe.com TheBahnsenGroup.com
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