Fair Value Models, News Sentiment, Search Trends, Reddit Sentiment
CPI came in hotter than expected causing markets to tumble. Long-term inflation expectations held constant with most investors still holding the belief that the Fed will be able to get inflation back to their long-run goal of 2%.
US railroad strike, General Motors on the chip shortage, and Mexico increasing auto production
Fixed Income and Corporate Sector Returns, Options-Adjusted Spreads, Credit ETF Flows, Biggest Movers, and Issuance Recap
Government bond funds made the biggest flow gains last week surging to 44.2% of one-month positive flows. Aggregate bond funds have also had decent flows at 18.2%. Broad and Large/Mid-cap equity funds, conversely, fell to 32%.
Commodities edged slightly downward last week with gains mostly concentrated within the metals sector. Nickel, which had the biggest gain last week, pushed forward 11.63% as increased demand for the metal strained producers. Wheat also had a successful week gaining 8.81% due, in part, to increased uncertainty about Russia’s restrictions on Ukrainian grain shipments as the conflict continues. Natural gas was the week’s biggest loser, down over 14%, as US natural gas production hit a 9-month high.
Overall Sentiment, Mandates, Passivity, Agreement, Uncertainty