Portfolio Watch: Buy Bonds, Wear Diamonds (or Gold)?
We’ve generally experienced a “softer” September than anticipated in terms of interest rates. The typical September issuance seasonality takes a...
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Positioning Watch – Markets are begging for a rebound in growth
Hello everyone, and welcome back to our weekly positioning watch, now moved to Wednesdays. Global macro has truly been a rollercoaster these past...
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Steno Signals #115 – The head-fake business cycle strikes again
Happy Sunday from Copenhagen. Almost exactly a year ago, we wrote about the “roadmap to a recession” and how the market wrongly anticipated a...
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The Week At A Glance: The slippery slope of data revisions
Happy Monday from Europe. Powell is cutting, Ueda is hiking and USDJPY is heading lower. It sounds like a tune we have heard before, and while we...
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Steno Signals #114 – A Powell Put is Ueda’s Catastrophe
Happy Sunday from Denmark!I’ve had a few days to digest Powell’s speech from Friday, and my takeaway is unequivocally dovish. Powell and the...
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