top of page
  • Writer's pictureEdward Ballsdon

Market Observations

Updated: Apr 22


Core, Burden and Choice inflation

Shelter inflation

Mom trend vs 10 yr averages

Basket still bifurcated between +3% inflation and deflation

Recent Economic Data Z Scores provide fuel for both Bulls AND Bears (above)

FED Dilemma



Many market participants are aware of how the Fed has really acted in the past, and what drove those actions - these past traits are really important given today's markets and valuations.

Yields and Curves

2s10s yield curve correlations

The different price sentiment between the short and long end

The UK market and inflation markets are the stand outs, potentially offering interesting opportunities

53 views0 comments

Recent Posts

See All

"SRY"s, cross market yield spreads and FX implied vol

RESEARCH CONTENT This research breaks down the historical post 2014 changes in "Simple Real Yields" of 6 countries into 4 stages, contrasting the moves against inflation and economic surprise indices.

The deleveraging US consumer and implication for yields

RESEARCH CONTENT Personal Consumption Expenditure (PCE) makes up approximately 68-70% of the US’s GDP. Probably in large part due to tighter monetary policy and the high cost of debt, it should not co

Sweden - an in-depth analysis

RESEARCH CONTENT A comprehensive research report on the macroeconomic situation in Sweden, which has one of the most indebted private sectors amongst Advanced Economies that is currently undergoing a


bottom of page