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Carlsquare weekly market letter: Better numbers push stocks lower, thanks to the Fed

22 Feb 2023

Read the weekly market letter here:


Carlsquare Weekly market letter

  • The bulls are still in charge, but interest rates are now moving sharply higher, threatening to push equity indices into the red for the year (the Dow Jones is now negative for the year). Paradoxically, it is strong data that pushes rates higher, and then higher rates push the USD higher and the equity market lower. This is the effect we got when we let the central banks run the world economy…
  • Eyes on the Fed minutes today and US inflation reports on Friday.
  • The graph below illustrates liquidity fluctuations in the US market, from time to time supported by the Fed.



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The analysis is not directed at U.S. Persons (as that term is defined in Regulation S under the United States Securities Act and interpreted in the United States Investment Companies Act of 1940), nor may it be disseminated to such persons. The analysis is not intended for natural or legal persons where the distribution of the analysis to such persons would involve or entail a risk of violation of Swedish or foreign laws or regulations.

Carlsquare weekly market letter: Better numbers push stocks lower, thanks to the Fed