Tapas Strickland

Tapas Strickland

“Tapas is an Economist within Global Markets Research at the National Australia Bank (NAB). ”

Tapas joined NAB after having spent 6 years at the Reserve Bank of Australia. He writes for the Bank on the economy and on financial markets. At the Reserve Bank of Australia he held positions in domestic analysis and in international financial markets. He also worked as an economic adviser to the Department of Prime Minister and Cabinet, advising the Gillard, Rudd and Abbott governments


In the first AMW of the New Year we investigate the important issue of the likelihood of a US recession occurring over the next 12-18 months.

This week, we’re reproducing a thematic piece on US stock market valuations.

Technology out of favour, markets a little confused.

Equity markets bounce back. The trade war was yesterday’s news. On #TheMorningCall Phil Dobbie talks to @NAB’s Tapas Strickland about the sharp turn around in risk sentiment.

The markets didn’t react positively to the UK opposition leader’s Brexit speech – infact, they hardly reacted at all. Phil Dobbie asks NAB’s Tapas Strickland in London about the latest chapter in the saga.

To borrow from Depeche Mode, it seems markets Just Can’t Get Enough with a dovish ECB taper and increasing confidence in US tax reform seeing a rally in risk assets.

As song titles go, Sweet Dreams by the Eurythmics probably sums up overnight price action the best.

Unemployment to head lower say labour market indicators.

The biggest news overnight was the finalisation of the NZ Government. Labour’s Jacinda Arden will now be the next Prime Minister following NZ First’s deal to form a coalition government.

Markets were quiet overnight given the Columbus Day Holiday in the US. Equities were flat (S&P500 0.2%), the US dollar was marginally lower (DXY 0.2%), while the US bond market was closed (note futures were open but with little movement).

Despite a stellar US Non-manufacturing ISM, there were only modest market moves overnight.

Jobs boom seeing some emerging rises in advertised salaries.

A mild risk-off theme quickly emerged around midnight following North Korea’s statement that the US has effectively “declared war” and that North Korea has every right to “make countermeasures”.

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