Word on the Street
Global outlook revisions, EUR opportunities, JGB curve, central banks, and Fed chair chatter.
Time for a rundown of what’s been going on between the desks this week. While equity earnings and Fed chair chatter dominated the headlines, some notable macro shifts flew under the radar.
From potential moves in JPY rates to shifting growth forecasts in the US and Europe, there’s a lot to unpack this week. And while some desks are sticking to their guns, others are recalibrating based on new data and events. We agree with some thoughts and disagree with others. It’s shaping up to be an interesting few months ahead.
Let’s start off with Goldman’s macro outlook (a view that we’ll be looking to fade if markets swing this way) before moving into some notes shared from BNP, SocGen, and HSBC.
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