Disconnect or Rebound?
Jonny Hart speaks to APAC Senior Market Analyst Jeffrey Halley about news impacting the market and the week ahead.
It’s another blockbuster episode today, and we are covering a LOT of ground. Firstly, the stock markets are rallying impressively despite recession expectations rising. Is this a dead cat bounce? A bear market rally? Or is the worst over? Jeff discusses the reasons behind the stock market rally and what’s happening in Asia, then ponders its sustainability.
Then it’s over to oil markets which have recovered after the sell-off early last week. Jeff takes us through the nuances of oil futures curves and why backwardation matters! We discuss oil’s recovery in the context of the global economy and what lies ahead for black gold. As an add-on, the discussion moves to the G-7 meeting and the commodities space, where base metals have fallen heavily in June.
Then it’s Jeff’s old favourite, Bitcoin. We discuss the crypto space and Bitcoins recovery. Jeff then delves into the Bitcoin chart and what it’s suggesting could happen this week. (hint: for once, Jeff isn’t a mega-bear)
Finally, it’s back to planet earth and the main data points for the week ahead for markets, led by the global PMI releases at the end of the week.
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