Eamonn Sheridan

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Central Banks
bnz nzd breman 24 March 2026
Central Banks

RBNZ’s Breman flags near-term inflation rise, warns on second-round risks

  • Neutral-to-hawkish. Reinforces that near-term inflation alone won’t trigger tightening, but any shift in inflation expectations or second-round effects would increase the likelihood of rate hikes, supporting NZD on persistent inflation signals.
Stock market update
S&P 500 weekly chart 24 March 2026
Stock market update

US equity dominance cracks. Tariffs, war & policy risks drive exit, leadership questioned.

  • Supports broadening equity market leadership beyond the US. Positive for European and emerging market equities, while reinforcing diversification themes and reducing concentration risk in US mega-cap stocks.
News
Australia preliminary pmi 24 March 2026
News

Australia flash PMI slips into contraction as services slump and cost pressures surge

  • Growth-negative, inflation-positive mix. Supports a more cautious growth outlook while reinforcing upside risks to inflation, aligning with the RBA’s tightening bias and limiting scope for policy easing.
Commodities
gold bounce 24 March 2026
Commodities

Gold oversold enough to rally, says Renaissance Macro’s DeGraaf

  • Supports a short-term bullish bias for gold. A rebound could weigh modestly on USD and real yields at the margin, while reinforcing demand for defensive assets if geopolitical risks persist.
Stock market update
private credit 24 March 2026
Stock market update

Private credit stress: Apollo cap fund withdrawals at 5%. Redemption requests surge to 11%

  • Negative for alternative asset managers and private credit sentiment. Reinforces concerns around liquidity mismatch and could weigh on sector valuations, while tightening financial conditions amplify redemption risks.
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