How has the USD traded on other CPI days + what if Biden doesn’t have a nominee ready by February?
VIX up, stocks up is bearish. Brainard story remains interesting if not a bit confusing.
G10 USD and narrative update plus why you should consider log y-axes more often.
The unemployment rate means much more than the headline NFP number. Headline NFP is a supply indicator, not a demand indicator.
Inflation is political kryptonite for the party in power.
Jay Powell’s Jackson Hole hypothesis has been rejected. Time for tighter policy.
I doubt wages will rise gradually in Australia. Ignore the RBA’s guidance (again). And the SNB finally showed up.
The RBA’s failure to peg yields is another reminder that pegs are bad for central banks .. and bad for speculators!
FX is not responding to rate moves. Probably because commodities are not playing ball.
Corporate month end for the USD. Bitcoin buy rumor sell fact again. SHIB/DOGE flippening!
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