Today’s am/FX is a handy reference guide for the upcoming BOJ announcement.
I present the main candidates, their nomination odds, and how much I think USDJPY will move on each announcement.
The next 10 days are full of important events. The path of inflation and stocks looks a lot like the path from 1918 to 1921.
This US data (and Canadian data) continues to show a cooling but strong economy.
The AUD rally is extreme and if my bigger picture view was bearish risky assets, I would be selling it here. But it’s not.
+FOMC composition update.
While past years were dominated by the TINA narrative, we start with 2023 with a different setup: TAMA.
Today, a short discussion of how I use RSI and a quick thought on the role of positive interest rates in setting the price of money in a functioning capitalist economy.
A quick bit about USDJPY today as we enter the sell zone here.
And it’s quiet and it’s Boxing Day, so I decided to write a bit of speculative financial fiction for you.
Today I talk about TSLA, SPX, some good news on whale populations, and briefly consider the toxic side of tech/media… And a microlesson in atmospheric layers (!)
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
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