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4 december 2020

AFS Morning Comment December 4 2020

Today’s Comment is devoted to this afternoon’s US labor market report. In particular, we’re trying to give an estimate of sorts when the US will return to full employment and what it will mean for…

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1 december 2020

AFS Morning Comment December 1 2020

As Fed Chair Powell would say, “markets are working” this morning. In other words: risk assets are up while bond yields aren’t showing much in the way of movement. Investors are doubling down on the…

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30 november 2020

AFS Morning Comment November 30 2020

Markets are in a holding pattern this morning, so in today’s Comment we will focus on the calendar for the week ahead, which contains more than a few potentially market moving events. Having said that,…

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26 november 2020

AFS Morning Comment November 25 2020

Will they won’t they? The Fed tilting QE purchases to overweight the long end from market neutral currently that is. The reasoning is that with the US in the midst of the third wave of…

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23 november 2020

AFS Morning Comment November 23 2020

Vaccine optimism still isn’t setting bond yields on fire, though equities are either consolidating or extending their vaccine breakthrough gains. In the holiday shortened week Asian equities outside Japan (closed for a holiday) are up,…

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