QT has entered the narrative now, big time. Look at below as equities and crypto are going to get smoked.
March Fed is priced for more than one hike and sentiment is finally getting bearish equities.
US economic data look suspiciously bad in pockets. Be nimble.
Long USDCAD fits both my views today: No BoC Hike and hawkish FOMC
• My “No Fear” hypothesis has played out as the fear trifecta hit Friday/Monday so I’m waiting for new ideas now
• Timing bubbles is hard
• TT is now officially a meme
• Laser eyes existed before bitcoin
If you are bullish risky assets, the setups don’t get much better than this. But treat longs as countertrend.
I find it hard to imagine the Bank of Canada outhiking the Fed over the next 12 months.
US economic data just took a turn for the worse just as oil is spiking and stocks fall. Not a great setup!
G10 FX crosswinds continue to blow at Category 3 speed. Short gold makes a ton of sense to me here.
Russia into Ukraine is turbo bullish bonds. BOJ is slowly turning the aircraft carrier.
The USD is trading off relative equity movements right now as money floods into value, banks, and energy. This is helping EUR go higher.
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