A couple of basis points inversion between 3-month and 10-year yields does not an impending economic Armageddon make, a deal or no-deal.

Jeffrey Halley

Categorized in : Top News

Secondary listings are an art form, not an exact science. by Jeffrey Halley

Secondary listings are an art form, not an exact science.

With no significant data releases in Asia today, attention in the region will remain focused on trade concerns and Hong Kong, neither is likely to inspire the confidence of market participants.

It will be the U.S.-China trade talks that will continue to dictate the daily swings in sentiment this week.

The (China) GDP print has weighed on short-term sentiment and we have seen regional stock markets and oil contracts edge lower because of that.

We will need to see some sort of concrete deal put in place and a winding back of United States before I will start getting excited about the global economic outlook for 2020.

It doesn't sound like a lot. by Jeffrey Halley

It doesn't sound like a lot.

The only thing that will lift the storm clouds over oil markets this week will be if both China and the U.S. talk and decide to mutually take a step back, i can't see that happening.

With positioning in equities, bonds and energy all heavily weighted to this outcome, the resulting correction from a lack of Powell love could be both ugly and emotional.

An unexpected rise, (could) possibly (take) the wind out of oil's... by Jeffrey Halley

An unexpected rise, (could) possibly (take) the wind out of oil's sails, if only temporarily.

There is still plenty of interest to buy gold on any dips as a hedge against uncertainty in the global economy.