Jeremy Stretch - CIBC World Markets

facebook_page
twitter_page

Last quote by Jeremy Stretch

After the massive rally in bonds yesterday we have seen something of a snapback. It remains to be seen whether we can move on from the political issues around Trump and Russia. We haven't been dollar bulls for a while and even if we see some more recovery this does just look like the tail-end of the dollar's run (higher).feedback
share this quote
May 18 2017 Trump Presidency
We can learn a lot about a person if we know what types of things he or she talks about or comments on the most frequently. There are numerous topics with which Jeremy Stretch is associated, including U.S. and Italy. Most recently, Jeremy Stretch has been quoted saying: “After the massive rally in bonds yesterday we have seen something of a snapback. It remains to be seen whether we can move on from the political issues around Trump and Russia. We haven't been dollar bulls for a while and even if we see some more recovery this does just look like the tail-end of the dollar's run (higher)” in the article Trump, data weigh on dollar after worst fall since July.
Automatically powered by Storyzy
Take our quote verification challenge and find out !

Jeremy Stretch quotes

The dollar is still holding up quite well and there is a presumption that we are going to get support from tighter monetary policy and looser fiscal policy. Overall we're still constructive but it does look more a case of playing the end of the rally before we see a correction later this year.feedback

There have been more optimistic noises (about OPEC deal) this morning and through into the afternoon session (here), and those hopes of a deal also encouraged U.S. yields to rise.feedback

U.S. yields gapped higher at open but we have been unable to hold those gains and that has encouraged some profit-taking. There is a degree of consolidation (but) there is still a consistent bias that means the dollar will remain pretty much supported into the Fed meeting next month. The message seems to be take some profit and we will be looking to go again.feedback

There have been reports and rumours doing the rounds and we have to be respectful of those stories but I'm not expecting people to trade other than very speculatively on those reports.feedback

We have to wait for the results of the election in the first instance and of course we can't discount the election influence on Fed policy, even if the Fed would like to suggest that they're relatively apolitical. But certainly looking at the data I think it would suggest there is sufficient momentum or impetus to drive up interest rates by another quarter point.feedback

If Mr Carney were to leave on the original template of 2018 that could raise some risks that there was a degree of political interference or a loss of independence for the central bank which of course would be damaging for its credibility.feedback

I think the Bank of England will hold fire this week but I think it is still very much the case that the bank remains mindful of the need to inject further stimulus probably into the early stages of Q1 2017.feedback

In the near-term, while we are seeing sterling gaining we would view the correction as likely temporary, not least as the data will embolden those within government looking for a hard Brexit, ignoring the single market.feedback

I have a 1.25 forecast for GBP/USD over the next three months. If the data remains weak, that forecast risks being revised further lower.feedback

As expected the total stimulus, (as flagged by Abe) equates to 28.1 trillion Japanese yen.feedback

In general in the past few weeks, we've seen a positive risk environment, and obviously that took a blow as events developed on Friday.feedback

The scenario looks a bit calmer now ... so we're back to thinking about the sort of policy outlook that had the yen falling against the dollar last week.feedback

We could see sterling trading below $1.19 … that $1.18-$1.19 area, which we haven't seen since between March and May 1985, is very much in view. And it's interesting that we're starting to see investors also starting to lighten government bond holdings i.e. gilts. So it's reflective of a loss of confidence in UK PLC as things stand.feedback

Contagion was the problem that really was large in 2007 and beyond, and I think that will be something of a concern. And if there were to be a systemic failure in Italy on a major scale then there would be that risk of contagion spilling out through the other European banks.feedback

The lower yuan fixing probably signifies greater risks to the Chinese economy than we know of, leading to risk-off trades.feedback

If we are going to see the removal of sanctions not just in the oil market but particularly in the energy sector, we will see a flow of funds coming back into the domestic market. Of course, the removal of sanctions and the embargo potentially opens the way for some degree of inward investment, and I think that is going to be hugely significant.feedback

No quotes...
More Jeremy Stretch quotes
|< <
> >|

Quotes by Jeremy Stretch

<
facebook_page
twitter_page
This webpage has been created by a robot: errors and absent quotes cannot be totally avoided
 
Feedback×

Quote :

Mistake :

Comments :