Macro Observations
This week, the U.S. and the U.K. announced an “historic” trade deal that will dial back tariff rates for both nations while simultaneously easing trade conditions for British car exports and the agriculture market for both countries. We’ve been promised a huge number of trade deals for
Macro Observations
Three critical economic reports were released this past week - the first read on Q1 GDP, the first read on quarterly core PCE prices and the ADP employment report (with the more important non-farm payroll numbers coming on Friday). As I’ve mentioned before, we’re approaching a very critical
Macro Observations
Here’s How 3 Asset Classes Might Move Now
Macro Observations
(And Why Gold Could Be Its Biggest Victim)
Macro Observations
The reverse yen carry trade, part 2
Macro Observations
Happy Liberation Day! For most investors, the only thing they’re getting liberated from is the money in their portfolios. If Trump’s tariffs had ended up being roughly what the market expected, I think we could have very well seen a neutral or even a positive reaction from risk
Macro Observations
As it stands right now, the Fed Funds futures market is pricing in roughly three rate cuts by the end of the year, starting with the first cut in June. That’s a more dovish stance than we saw just a month ago when the market was leaning towards just
Macro Observations
It’s Just Slower & More Controlled This Time
Macro Observations
Atrocious.
Macro Observations
The Market Faces A More Violent Reversal Now
Macro Observations
Few.
Macro Observations
Comparing the UofM and NY Fed Reports