Thursday’s data showed that consumer prices in the US advanced from 7.0% to 7.5% in January, more than 7.3% penciled in by analysts. The Fed hawks came back in charge aggressively following the US inflation print as St Louis President Bullard said he’d ‘like to see 100 basis points in the bag by July 1’. All three major US indices were moody yesterday, but Nasdaq led losses as it’s the most sensitive to the rate changes. Rising hawkish noises from the Federal Reserve (Fed) backed the US dollar. The EURUSD is back below the 1.14 mark and Christine Lagarde insists that acting too fast could choke the economy’s recovery, but not acting at all will choke the economy, as well. In commodities, gold first rallied than fell warning again that it may not be the best inflation hegde at the current levels, but commodity ETFs and energy-heavy stock indices are. In this episode, you will find my favorite inflation hedge plays. Watch the full episode to find out more! 0:00 Intro 0:30 Inflation & Fed talk 2:20 Risk appetite: hammered 3:32 Bitcoin: NOT the best macro play for this year 4:51 USD up, EUR down, but… 6:00 Best inflation hedge ideas
Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020.