We have had four main narratives of late but maybe it’s time for a fifth
Hawkish RBNZ hasn’t unlocked much upside for NZJDPY yet. US bonds trade well.
EM should be safe unless upward yield velocity increases. Policy is inherently mean reverting.
The Moody’s downgrade offers no new information but plays to the market’s narrative bias
I was going to use “Rolling in the NIIP” as my title but I exercised self-control
Catch up with Brent Donnelly and Macro Alf every week on The Macro Trading Floor. Listen as they discuss themes that are moving markets, highlight important trade ideas, and get to the bottom of what’s going on in macro.
John Mauldin, Chairman
Mauldin Economics
One year of good ideas, dumb mistakes, and timeless trading lessons over a wide range of topics like tactics, strategy, mindset, risk management, and of course the psychology of successful trading. Watch real trade ideas come to life in real time.
We teach you how to think, reason, and behave like someone who makes money.
