The view this year is that financial markets this year will be more sensitive to developments concerning the Fed balance sheet, or quantitative tightening, ... Read More»
Fund managers entered 2019 shaken and stirred. So more of a relief rally would not surprise, most particularly given the absence of the traditional year-end... Read More»
An interesting contribution to the debate on the impact of Fed balance sheet contraction on emerging markets’ US dollar funding came early last month in the for... Read More»
Monetary Tightening Remains the Single Biggest Risk to the US Market
There has been a lot of talk about trade wars in recent weeks. But the biggest risk to t... Read More»
Volatility Horror Show
As we entered 2018 the world was absolutely rainbows. All the fancy Wall Street market pundits were gushing about how wonderful and gr... Read More»