Funny cause it's true

Where is that massive Israeli attack on Iran that everyone in here warned about during the weekend?

Have I missed something or have the experts gone missing?

It has begun. Suddenly my warnings are not so bonkers

What's hot and what's not in equity space?

Markets are really starting to lean into the reflation narrative with energy and materials continuing to receive inflows, while the appetite for class defensives like staples and health care lack behind.

Every Twitter interaction I have on the dollar. 😂

“The dollar is going to crash”

DXY is at 105?

“The dollar is just crashing slower than other fiat”

USD has gained value against goods/services in numerous countries since 2012?

“The dollar is crashing against gold/bitcoin”…

Real Estate is starting to lose momentum globally again

The USD Wrecking Ball strikes again!

Dollar strength continues, leaving debasement of particularly Asian FX at risk, and there are not a lot of arguments for USD weakness short term.

Commodities (precious metals) look like the play here.

SINGAPORE NEXT WEEK (23-25 April)

Will be in Singapore next week. Let me know if you are interested in a short coffee introduction and a chat about high convictions in the global macro space

My DMs are open

Inflation to dampen in 2025?

1Y and 2Y breakevens have started diverging for the first time in this cycle, leaving SOFR, SONIA and EURIBOR rates in 2025 as the next big battleground.

Fed members keep talking about WHEN rates will be cut... But what about the IF?

Do they need to cut at all here?

More -> stenoresearch.com/daily-post/som…

Lagarde: 'German production may have turned a corner'

Ehm.... No..

MARKETS STRUGGLE WITH LIQUIDITY DUE TO TAX SEASON

The liquidity picture remains of high relevance throughout the month of April. The influx of taxes not withheld in the coming weeks will potentially prove to be an issue for the liquidity in the private repo system.

It seems…

SOFR markets are screaming higher for longer, UST auctions look dire and recession risks are low.

Why on earth do people keep pouring money into treasuries? Multiple positioning indicators are signalling a small return of the long bond trade.

Inflation in one chart..

Energy equities screaming higher long end yields here

Fed members keep talking about WHEN rates will be cut... But what about the IF?

Do they need to cut at all here?

More -> stenoresearch.com/daily-post/som…

Where are all the “24-48 hrs Israel attacks Iran!” twats that screamed at me for being “disastrously wrong”?

Really quiet right now you degenerates

SINGAPORE NEXT WEEK (23-25 April)

Will be in Singapore next week. Let me know if you are interested in a short coffee introduction and a chat about high convictions in the global macro space

My DMs are open

SENIOR WHITE HOUSE ADVISOR: US COULD RELEASE MORE SPR OIL TO KEEP GAS PRICES LOW

You don't see this often..

In year on year terms both copper and the USD have gained over the past few weeks.