Nico's market notes is a podcast based on the macroeconomic and market developments we observe and interpret on our www.monetharia.io/blog. Well, in this episode we discuss about the updates monitored in the last few days. Financial markets have kicked-off another tentative rally last week, believing the emergency QE kicked-off by the bank of England as well as a dovish hike in Australia would be the first signs of central bank panic. Such panic would anticipate a transition from hiking to cutting rates soon enough. But - like in the summer - the illusion did not last long, with markets turning red shortly after. Instead, the dominating narrative of 2022 - higher interest rates to fight inflation - will continue for some more time. There will be no pivot anytime soon, even if we are not far from the end of the hiking journey. In practice, we should expect more market under-performance in the coming weeks. Read more on www.monetharia.io/posts/11-10-2022. Thanks and speak soon.