Steno Signals #77 – Oil Demand Is ALL TIME HIGH
Happy Sunday and welcome to our weekly flagship editorial from Steno Research. It has been an incredibly odd week in the economic calendar and our...
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Mint Macro Roundup: Dissecting The Recent Jobs Data
November nonfarm payrolls beat expectations with 199k jobs added, pushing unemployment down to 3.7%. Wage growth strong at 4% YoY. Bonds and...
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Macro Regime Indicator: What Technically Rising Liquidity Means for Your Portfolio
For December, we see rising liquidity due to rallying treasuries and rising SOFR-Fed futures spreads, consequently depleting the ON RRP faster than...
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The Dollar Smile Theory Explains USD Strength Heading Into Final Central Bank Meetings For 2023
The Dollar rebounded after a decline in November, ahead of the FOMC meeting. Markets expect rates have peaked, the dollar may remain strong due to...
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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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