Over the last few weeks we’ve been discussing our expectation for increasing action in the market. This week sure did not disappoint. It was a very active trading week and one of the most busy ones in the chat in quite some time. Being a macro focused trader and investor, it’s fun for us when the macro matters. There will be some time in the not too distant future where it doesn’t matter again for a stretch of time, but for now we make the most of the opportunities at hand.
Felix and I caught up for another Forward Guidance episode this week. We covered a lot of ground and did our best to touch on everything going on this week.
This week’s issue covers:
Fed speak and inflation data.
SOFR spreads.
The C word.
The dollar.
Hurricane Isaias.
War.
Asset allocation thoughts.
