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Quantitative Tightening

Fed Comes to Grips with Reality: Asset Prices Drive Economies

The view this year is that financial markets this year will be more sensitive to developments concerning the Fed balance…

Guideposts for Powell’s Direction on Quanto Tightening

Fund managers entered 2019 shaken and stirred. So more of a relief rally would not surprise, most particularly given the…

Fed Tightening Cycle Triggers Emerging Markets Debt Dislocation

An interesting contribution to the debate on the impact of Fed balance sheet contraction on emerging markets’ US dollar funding…

US Market Vexed: Trade War + Monetary Tightening

Monetary Tightening Remains the Single Biggest Risk to the US Market There has been a lot of talk about trade…

Volatility Horror Show: Millennial Bets at Risk – Robo-advisors, Crypto, Pot

Volatility Horror Show As we entered 2018 the world was absolutely rainbows. All the fancy Wall Street market pundits were…