Macro Strategy - Dissecting the Optics
A surge in Fiscal Operations toward year-end has led to better system liquidity – with further support from front loading spending in 1Q24.
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Bull Steepening Watch – Is Lower Yields Really What Risk Assets Want?
Let’s run through each asset class to see where to put your eggs if a bull-steepening of the yield curve continues into 2024.
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Macro Strategy: Anticipation of Accelerated Rate Cuts
Key central banks will hold crucial monetary policy meetings in the 2nd week of Dec with the FOMC meeting as the primary focus of attention.
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Steno Signals #75 – The 2007/2008 Playbook Is Useful Again
The soft landing narrative has seen material tailwinds over the past 6-8 weeks, while the recession narrative is fading fast.
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Macro Strategy: Sustaining Momentum
Positive macro momentum is likely to persist following last week’s data release, with yields further declining and the IDR strengthening.
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