Newsletter #3: Sticky inflation, strong NFPs, and rising volatility

Welcome back to the third edition – and that after some MACRO events that were quite something! The US markets have had a negative week, and the reason for this is easy to find: the FOMC (FED minutes) from the last US Federal Reserve meeting and the NFPs (Non Farm Payrolls) on Friday were much higher than expected! Here is the weekly performance of the US indices before we go into detail. NFPs – LABOR MARKET DATA As on every first Friday of the month (at least most of the time; this time it is the second Friday due to the holidays), the NON-FARM PAYROLLS (labor market data excluding agriculture) are published. Sometimes they find more, sometimes less...