Daily Markets: Has The Flight-to-Safety Trade Ended Already?

Daily Markets: Has The Flight-to-Safety Trade Ended Already?

The flight to safety trade reversed mid-day yesterday and is continuing this morning even though Bloomberg is reporting Iran considering thirteen response scenarios to the death of Qassem Soleimani. President Trump yesterday threatened 52 sites for retaliation against Iran, including some of cultural significance, and sanctions on Iraq. Mr. Market is back to being unimpressed.

Asian equities closed higher across the board led by the 1.6% climb in Japan’s Nikkei index despite the country’s December Services PMI falling into contraction territory (See today’s Data Download for more). European equities were also higher by mid-day trading and US equities imply a modest positive move when the market opens. Oil futures and gold are both down while the US Dollar index is marginally higher.

Despite yesterday’s negative start,…

Read more here

About the Author

Lenore Hawkins & Chris Versace
Lenore Hawkins serves as the Chief Macro Strategist for Tematica Research. With over 20 years of experience in finance, strategic planning, risk management, asset valuation and operations optimization, her focus is primarily on macroeconomic influences and identification of those long-term themes that create investing headwinds or tailwinds. Chris Versace is Tematica's Chief Investment Officer and editor of Tematica Investing newsletter. All of that capitalizes on his near 20 years in the investment industry, nearly all of it breaking down industries and recommending stocks.

Comments are closed.