Ed Moya, Senior Market Analyst at OANDA, joins us for a broad discussion on the overall pressure remaining in most market sectors, and if we’ll see a further relief rally. When discussing what the drivers for a change in sentiment would be, Ed points out that most investors are waiting to see some significant change to the inflation picture to the downside or if it will remain at these persistently high levels. The trend in inflation will also inform how Fed policy may shift moving into the latter part of this year, if they need to stay the course with further rate hikes, or if they eventually slow down the tightening cycle and reverse course.
We review different sectors from tech, to energy, base metals and other commodities, and the US dollar, within the context of these macroeconomic factors effecting consumer demand, GDP growth, and the looming concerns of a recession on the horizon.
Click here to visit the OANDA website and keep up to date on Ed’s daily note.