Amadeus Weekly 2022 W25

Fabian Scheler

June 27, 2022

Once a week we summarize the most important market developments and macroeconomic events in a brief chartbook.

2 Minute Read

Mankind invented a system to cope with the fact that we are so intrinsically lousy at manipulating numbers. It's called the graph.

Are we back to the pre-2020 market where weaker economic data often lifted equity prices as investors bet on the “Fed-put”?
This week recent lacklustre economic data fueled traders’ hopes that the Fed won’t need to tighten that much to cool the economy, tame inflation, and manufacture a soft landing.
U.S. markets jumped by more than 6% and paved the way for a recovery in risk assets in the rest of the world. Not surprisingly, the recovery was led by previously beaten-down Growth, Quality and Momentum stocks.
Cryptocurrencies recovered after Bitcoin had dipped below 20.000 for the first time in years. Meanwhile, benchmark yields fell across the curve, and high yield spreads retraced.