janet yellen | The Property Chronicle

The US dollar plunge and emerging market currencies

by Matein Khalid | Aug 31, 2017 | The Macro View

The US dollar plunged after Janet Yellen did not talk about Fed monetary tightening and Mario Draghi did not protest 1.19 Euro at the Jackson Hole central banking symposium. This is a green light for the carry trade in emerging market currencies. The Brazil real has...

The Trump White House and US stock market risk

by Matein Khalid | Aug 22, 2017 | The Macro View

Trump’s post Charlottesville remarks, the Barcelona terrorist attacks and Cisco’s results unnerved the US stock market bulls last week. Friday was a surreal moment in the history of Wall Street. It was entirely rational for traders on the New York Stock Exchange floor...

The hunt for value in global equities

by Matein Khalid | Jul 25, 2017 | The Macro View

The US stock market has been resilient to the political and policy firestorms created by the Trump White House. Trump’s failure to enact tax reform or a major fiscal stimulus has restrained but not destroyed the ‘animal spirits’ of the Wall Street bulls,...

Wall Street: a hawkish Federal Reserve and the US dollar comeback

by Matein Khalid | Jun 19, 2017 | The Macro View

Dr Janet Yellen surprised the financial markets with her hawkish take on interest rate policy and inflation even as the FOMC raised the Fed Funds rate for the fourth time since December 2015. Despite successive weak CPI and auto/retail sales data, Dr Yellen asserted...

The fallout from the UK election is self-evident

by Matein Khalid | Jun 12, 2017 | The Macro View

Like David Cameron’s Brexit referendum, Theresa May gambled her political career on her decision to hold a snap election to consolidate the Tory majority in the House of Commons. With 318 seats, Mrs May’s gamble backfired and the Tories are now forced to negotiate a...