Steno Signals #76: The Fed Has Lost Control of Liquidity Trends
It seems like the narrative lags the actual price action. 2024 estimates/outlooks are turning upbeat, while positioning is one way traffic towards...
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Positioning Watch – All About the Soft Landing Narrative
Hello everyone, and welcome back to our weekly positioning watch, where we as always try to dig down into the latest positioning data and give you...
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Positioning Watch – The Cocktail of Heavy Logs in Both Equities and Bonds
Hello everyone, and welcome back to our weekly positioning watch, which due to delays in the CFTC data has been postponed to today (data was...
449 Views
UK CPI Watch: No Path to 2% Unless Inflation Deflates on a Monthly Basis
Welcome to our short and chart-packed preview of UK inflation out tomorrow morning. The BoE is probably the most mispriced central bank in G10
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Macro Regime Indicator: Heavy Long in Cyclical FX
We anticipate consistent QT in both USDs and EURs in the forthcoming month. On a 3-month time frame, and given the assumed conditions, our model...
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