We Are "So" Back!

“Structural Shifts in the Global Economy” was the title of this year’s Jackson Hole, where the world’s most influential central bankers assembled to discuss the way forward.

Source: Weston Nakamura

Though nothing unknown came out of the “Economic” symposium, the CBs face severe challenges on multiple fronts.

While the growth has stalled considerably across the Western world, inflation will rebound as the commodities rally across the board, and the real wages, which are now in the positive territory, climb.

Peak market euphoria of “soft landing” came roaring back (after a month) as “bad news became the good news”. Moves in certain stocks (most shorted baskets) and the buy flows from retail are reminiscent of the “extremely” bullish sentiment among the general public.

Nevertheless, the last week’s activity was characterised by very thin volumes across the markets.

We have a ton of macro data, and I have condensed it into the shortest form so that we analyse and reach to a material conclusion.

Let’s go!