The Macro Regime, Credit Cycle, and Stance of the Fed are in the process of being tested As we approach CPI next week, the flows of capital will show the moment of truth for everyone about WHEN a recession will happen and HOW HIGH interest rates can actually go 🧵👇
In the interim, I am back bullish specific risk assets on a short term basis until the signals begin to turn neutral to bearish.
Capital Flows
Capital Flows5.8. klo 23.33
NO LONGER NEUTRAL ES
80,56K