Steno Signals #81 – Fed member promises that QT is effectively already over
The Fed has abandoned the strategy of bringing bank reserves (substantially) down, which effectively means that QT is over. This happens amidst rising freight rates. Rising liquidity and inflation? To read the full article, sign up for a 14-day FREE trial of the The...
EM by EM #37: The Taiwan election & the Trade war
The upcoming Taiwan election is just one chapter in the larger narrative of US-Sino relations, which is poised to return to the forefront of financial markets in the 2024 US election year. Will Taipei further contribute to the rising tension? To read the full article,...
5 Things We Watch – Freight Rates, Positioning, Liquidity, EUR-flation, Growth
Limited upside in the ISM Manufacturing index as we await a dovish EUR-flation number coming in on Friday. There are plenty of things to look at in the global macro landscape this week. To read the full article, sign up for a 14-day FREE trial of the The Macro...
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