Treacherous Vibes
The specter of ongoing rate hikes set against decelerating economic activity and persistent inflation isn't exactly a friendly environment for investors, which goes a long way towards explaining the risk aversion that defined this week's post-Fed trade.
Christine Lagarde's overtly hawkish messaging Thursday was insult to injury in the wake of Jerome Powell's generally recalcitrant demeanor following the the final FOMC meeting of 2022.
I realize ECB decisions don't make for the most compelling
Mike Wilson’s forecasts keep looking better and better..
Mike had himself a helluva year
Interesting how the bullish calls on commodities fare in coming months.
(That is not a snarky bear comment on cmdty. I’m actually pretty overweight some. But sure are a lot of cross-currents.)