The furious market rally over the past 2.5 weeks has certainly been an eye opener. Yet, coming pullbacks not withstanding, the rally may actually just beginning with far reaching consequences as an […]

In August we mused about a historic bullish market script that would likely see markets close the year on a positive note with the view that the August lows would get retested […]

Markets have been drowning in a sea of negatives in recent months. Between a torrent rise in yields, partially driven by a runaway US deficit, a multi-month rally in the US dollar […]

Time for an update on macro and technicals as we are navigating through the complex market fog of war in 2022 and I’ll throw in some observations on psychology as well for […]

Having fun yet? Worst H1 start to a year since 1932. A macro picture as complex as we’ve seen in all our lifetimes and central bankers stumbling to fix their mistakes of […]

Time to ask a pertinent question at this stage of our macro journey: What if? No, not the ‘what if’ of the various worst case scenarios that are currently being propagated all […]

Yesterday markets made new lows for the year accelerating to the downside following up on the 3rd most negative start to a year through April in history. Yesterday on my Twitter feed […]

On January 2 I stated: “the party is rapidly coming to an end and the Fed will want to curb inflation without causing a recession which will be a real task. How […]