Between CPI And Jackson Hole

Retail sales and the July FOMC minutes headline in the US this week. Notwithstanding ongoing tension in the bond market and a lot of "chop" in equities, the calendar doesn't exactly scream excitement. That's not to say there won't be any. Excitement, I mean. As detailed in the weekly+, the conditions are in place for stocks to move, and accelerant flows could exacerbate overshoots in both directions. US equities lost the gamma "pin" and systematic exposure is vulnerable to de-risking in the ev