
2022.05.02 Weekly Note
Post-FOMC reprieve?
Post-FOMC reprieve?
Some EOM pre-FOMC respite?
Nope. It’s not different this time.
Tell me anything that’s good for markets…
No better than neutral, at best…
Some pressure cooking against Equities…
Inflation Invasion Inversion — what’s changed?
FED and BOE on deck — sticking to the script…
Sell. Every. Rally.
Typical bear market rally?
Staying short Nasdaq and EUR, AUDNZD and NOKSEK appealing
Staying Short NASDAQ and EUR, Long USD and JPY