📑 Research Notes for 2022-10-10
This week, we look at OPEC+'s output cut, more attractive bonds, retail investors shorting, and Australia's lower than expected rate hike.
We conduct extensive investment research and share the most interesting content that we come across every week. Here is a curated list of this week’s top observations.
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OPEC+ Agrees to Cut Output by 2 Million Barrels a Day.
OPEC+ agreed to cut its collective output limit by 2 million barrels day, delegates said, as the group seeks to halt a slide in oil prices caused by the weakening global economy. It's the biggest reduction by the Organization of Petroleum Exporting Countries and its allies since 2020.
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Bonds Increasingly Attractive Amidst 'Volckeresque' Fed.
Anthony Crescenzi, market strategist and portfolio manager at Pacific Investment Management Co. (Pimco), discusses his firm's fixed income investment strategy on "Bloomberg Surveillance."
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Retail Investors Are Now Betting Against the Market.
Retail investors, who helped push stocks to all-time highs, are now trying a different tactic: Betting against the market.
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Australian Dollar Falls After Central Bank's Smaller-Than-Expected Rate Hike.
The Reserve Bank of Australia surprised investors by raising interest rates at half the pace expected. The central bank raise the cash rate by 25 basis points to 2.6% -- a result predicted by only a quarter of 28 economists surveyed by Bloomberg. The local currency fell following the announcement.
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Last Week’s Market Performance Heatmap
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Curated by Joseph Lu, CFA®
Joseph is the founder and a managing director of Conscious Capital Advisors, as well as a CFA® Charterholder.
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