Editorial
What is the Eurodollar Market?
The most important and least understood driver of global financial markets.
Markets
Higher Rates, Peak Margins, and How We're Allocating
Peak profit margins and hawkish environment increase the downside risk of the liquidity trade, which still has a lot more to go.
Share this post
9 min read
IN THIS PUBLICATION
- The risk of being exposed to the liquidity trade is now significantly higher.
- Markets are correcting, but there’s potentially a ton more to go if the Fed’s serious about hiking rates.
- We're avoiding bonds, being strategic about cash, and favoring real assets.
Read next
Markets
The Big Melt-Up, Easier Financial Conditions, and Increased Defense Spending
Moving from oversold to overbought, US Financial Conditions ease pretty significantly, and the need for higher defense spending.
Markets
The Bull Case for Q4, Higher Rates Momentum, and Private for Longer
We take a look at what the bull case for equity markets in Q4 could be.
Markets
NVIDIA's Cracks, Oil's Surge, & Higher Rates for Longer
Back to school update on the most important narratives of 2023.
Markets
Oil And Gas Capex Renaissance
We explore the outlook for oil and gas capex for the next couple of years.