QuiCQ 19/03/2024
Inflation creeping back?
"If it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck."
-- Duck Test
The Bank of Japan just announced its first interest hike in 17 years and also declared that it is abandoning yield curve control (YCC) … kind of at least …
The question here is, will it be the only CB to be “hawkish” this week? The Fed meets today and tomorrow, the Bank of England and the Swiss National bank on Thursday. Is there a danger that they all might to be too “dovish”?
I look at gold trading at an all-time low, I look at oil creeping slowly but steadily higher, I see copper breaking violently to the upside and I see (and you too in the chart below) the Bloomberg Commodity index pushing hard against resistance (red dashed line). Time for the duck test!
