One week, one sentiment. The other week, the other sentiment. One week, the sun is shining. The other week, the sky is grey. One week, we’re all bond bears. The other week, we couldn’t be more bullish. Welcome to…
W@C – Budget deficits fuel the bond market fright – 02/10 – 06/10
The last couple of weeks have been fairly agitated in the bond markets. There was an overall repricing by market participants in these instruments all across the Western world, following an acknowledgment of the “higher-for-longer” narrative – considering that…
W@C – Back where we left: summer recap – 11/09 – 15/09
Summer is done, and stress has begun. Lectures, internship processes, IB days, exams and the like are all back to torment us. And as if that was not enough, the Week at the Close is back as well. The…
No surprises. Last week, I laid the groundwork for this week, which would surely be marked by Central Bank action. Wednesday the Fed, Thursday the ECB. Despite some weekend turbulence in the (guess what) banking sector, last week´s market…
W@C – Bank earnings amid the crisis that never was : 17/04 – 21/04
It feels like an eternity ago, but only last month we had the unwinding of one of the biggest banking disruptions in recent times. Even though, as we know, Europe got a taste of this turmoil, the origin of…
W@C – March recap courtesy of OPEC+ : 03/04 – 07/04
Did someone ask for a summary of all the themes that dominated the last 4 weeks in financial markets and were the core topics of the Week at Close column since its beginning? Probably no, but I am going…
Finally, some time to breathe. After three weeks of absolute madness in financial markets, quietness has been restored. No banking problems, no Central Bank decisions, no surprisingly worrisome economic data. These last 5 days were so relaxed that I…
One year ago, the Federal Reserve decided on its first interest rate increase to counter the surge in inflation that was already being heavily felt back then. They committed to a long-lasting and aggressive hiking cycle, with the consensual…
W@C – The banking tremor after SVBoom: 13/03 – 17/03
What a week this was in terms of catastrophes. Bocconi’s mid-term exams came swinging. Inter, a team that a lot of you may support, knocked my beloved FC Porto out of the Champions League. The financial markets were in…
W@C: The rollercoaster of temporary (dis)inflation – 06/03 – 10/03
In this first edition of our new finance column Week at Close, we talk (among other things) about the broken promise of temporary inflation, Jerome Powell speaking and markets reacting, and the collapse of the Silicon Valley Bank. Remember…
