The ECB taking rates more negative today will do wonders for economic sentiment 🤔

If rates rise as projected, UK mortgage repayments are poised to jump to the levels of the financial crisis

Long-dated UK gilts: Fortune favours the opportunistic

The Fed pivot the market is expecting looks vulnerable if inflation doesn’t soon start coming down hard

Whether the Chancellor goes or not, the bar is high for the Bank of England to deliver on the well over 300 bps of rate hikes expected

Dollar rally has led to extreme selling of official reserve assets

With the market finally doing the Fed’s work and helping, not hindering, tight monetary policy, peak Fed hawkishness is near

Equities become ever less relatively attractive in elevated inflation regimes. As happened in the 70s, this may prompt a large rebalancing from stocks - at record overweights today - to bonds

It might not seem like it after today’s inflation numbers out of Europe, but global CPI is likely peaking

@mj_murphy1805 Teachers travelling first class?!

@jtepper2 I think the market will turn before the month is out

@jtepper2 No, we just hate anything crass. And remember you are also British!

@mj_murphy1805 Mark Richardson I wasn't even trying to catch the guy out. He didn't even have a rudimentary knowledge of tube rolling stock

Can't hear that deafening éclat yet? Mayor of London, Sadiq Khan

@mj_murphy1805 That never happened in Reggie Perrin

@mj_murphy1805 should I read?

@jtepper2 time slice charts of markets are financial snake oil

The decline of Britain. Ppl spending £20 on soap while book shops close down. Spending £4 on coffee then refusing to buy a fucking newspaper

@mj_murphy1805 we have too similar taste in books

@mj_murphy1805 stock market rallied 9% after Reagan's election in Nov'80 to the inauguration, then fell 30% over the next 7 months