Macroeconomic and Investing, The Macro Compass

Alfonso Peccatiello (Alf)

Former head of a $20 bn Investment Portfolio and passionate global macro investor. I write The Macro Compass, a financial newsletter providing actionable investment ideas & unique macroeconomic insights to enhance the risk/return of your portfolio

Macroeconomic and Investing

The Macro Compass

Actionable investment ideas and unique global macro insights. From the desk of a former Head of $20 bn Investment Portfolio straight to your inbox.

Actionable Investment Ideas

Macroeconomics

<ul>
<li>Heading into yesterday’s Fed meeting, the bond market asked a tough question to Powell: do you mean business?</li>
<li>Powell took a ‘’Bad Cop, Good Cop’’ stance: he answered with a firm ‘’Yes’’ at first, and then tried to soften the message during the press conference.</li>
<li>This spurred a relief rally in risk assets, but it won’t last.<br>Bond markets hate half-hearted stances, and they will keep testing the Fed and risk assets until they get what they want: clarity.</li>
</ul>


Heading into yesterday’s Fed meeting, the bond market asked a tough question to Powell: do you mean business?
Powell took a ‘’Bad Cop, Good Cop’’ stance: he answered with a firm ‘’Yes’’ at first, and then tried to soften the message during the press conference.
This spurred a relief rally in risk assets, but it won’t last. Bond markets hate half-hearted stances, and they will keep testing the Fed and risk assets until they get what they want: clarity.


Stop Fooling Around, J-Pow