Steno Signals #73 – An Abysmal Impulse for 2024
The credit impulse for 2024 looks abysmal; Rates volatility is likely going to rise sharply again; Equities still look (too) expensive on most...
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Great Game: Is a Hung Parliament bad news for markets?
In the blistering heat of summer, Spanish voters went to the polls on Sunday. It was expected to be a tough race for incumbent centre-left Prime...
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Equities Watch: Today’s Philly Fed Figures Make For Bullish Reading
Welcome to this fourth release in our “Business Cycle Week”, where, besides addressing the just released Philadelphia Fed Manufacturing Survey,...
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Germany Shifts to the Left Despite Retiring Merkel's Stratospheric Poll Numbers
Germany has shifted mainstream left, with SPD & Greens the big winners (gaining 11pp higher share of the vote), and extremist AfD and Die Linke...
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This Week in Macro: NFP, BOJ, EZ GDP - Short UST/JGB, Long Argie/Turkey, US Midterm Tail Risk Trades
Our guide to this week’s global macro risk events and trading opportunities. This week in trade ideas: Initiate strategic short 10yr USTs and JGBs...
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