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Hawkish sentiment is rising again! Markets are betting on the ECB raising interest rates three more times by mid-next year, with reports suggesting officials are considering a move as early as October.

Hawkish sentiment is rising again! Markets are betting on the ECB raising interest rates three more times by mid-next year, with reports suggesting officials are considering a move as early as October.

Following the ECB's latest rate hike, market bets on further tightening have clearly intensified. The interest rate swap market has now fully priced in three more rate hikes by 25 basis points each by the middle of next year, totaling approximately 76 basis points by June next year
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Did US stocks miss out on the "good news"? Earnings forecasts were unusually revised upwards; strategists say the fundamentals are "unbelievably strong."

Did US stocks miss out on the "good news"? Earnings forecasts were unusually revised upwards; strategists say the fundamentals are "unbelievably strong."

There is a clear divergence between corporate earnings and US stock price performance: while fundamentals continue to improve, the market remains constrained by high interest rates and macroeconomic uncertainties, and earnings growth in some sectors has not yet been fully reflected in stock prices. According to MarketWatch, Patrick Palfrey, head
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