Markets are looking for a release valve to punish Fed cuts while nominal growth doesn't justify them:

- Commodities ripping
- Bond markets waking up
- The USD wrecking ball

Pick your poison.

Macro volatility is coming.

ECB today:

“We are gonna cut in June but not because we are weak or something, but because we are a grown-up independent Central Bank!”

(Read with French accent)

Stop looking for “something to break” in the US.

At this pace the US Dollar will break some foreign economy way faster.

European Macro Strategist Making Money in Chaos /// Lots of hot takes! Enjoy.
My interview with Alf
youtube.com/live/4A0z_w7GW…

#macro #familyoffice tv #familyoffice #oil #bitcoin

So the US is now:

- The issuer of the global reserve currency

- One of the biggest center of innovation and entrepreneurial place in the world

- A big exporter of commodities (e.g. crude oil and liquified natural gas)

But America is about to collapse, right?

The job market is strong, right…

That’s why we have the least amount of voluntary quits since 2017.

In a strong labor market people quit to get paid better elsewhere, they don’t stick to their job as they have no valid alternative!