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Carlsquare weekly letter: Is 5 the new wholly number, or do we need to go to 6?

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Carlsquare weekly letter 11 Oct 2022

Carlsquare weekly letter

  • The stock market did not like the good numbers in the US job reports, as it will force Fed to continue to raise rates… Are a 5 per cent interest rate and 5 per cent unemployment in the US the cocktail Fed would like to serve us to eliminate inflation? New CPI data is due already tomorrow, Wednesday
  • We see no end of the decline in the stock market yet. A temporary upwards wave during the autumn is likely, but the absolute bottom maybe occurs later in the winter. Look out for growth stocks and Emerging Markets, then!
  • The reporting season in the US for Q3 has started. Unfortunately, on a sour note…

The graph below shows the evolution of the US unemployment rate (blue line) and the 10-year US Treasury yield (red line). Find out more in the Weekly Letter!

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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 letter: Is 5 the new wholly number, or do we need to go to 6?