Are you feeling chill in the air
The Fed, BoE, and BoJ rate decisions are out of the way now. The S&P500, bond yields, USD, JPY, Gold, and Bitcoin, etc. have already made their initial move. The market participants may now begin to focus on elections – state assembly elections in India and the US Presidential elections. Regardless of overwhelming evidence to suggest that these elections may not impact the markets beyond a few days, the narrative might keep the market participants busy and distracted in the next few weeks. I find many events, besides rate cuts and elections, that are occurring on the sidelines that need to be noted by the investors. Considered individually, these events may not look like triggering a meaningful move in global markets. However, if we take a collective cognizance of these events, the probability of global market shock would certainly rise by a few points. The following events, for example, have drawn my attention in the recent months. Central banks loading on gold Post the gl...