Trades and Thoughts
Key take aways, we are still seeing a heath bid to US equities, the FOMC didn’t come across as hawkish as some thought. Looking at the short end rate/inflation complex we can see good reason cuts are expected once labor softens further
USD is likely to remain strong, rate differential support demand for USD and such like the short in EUR and AUD as cutting cycles to continue and get started.
Commodities is a loser play, looking at the vol and Commodity index we can see demand is robust… China plodding along and US demand to get started following further ‘de-globalisation’.
Stats so far:
