ascendant - kn

Deep Tariff Uncertainty

The CAD was the weakest performer in January, pressured by a rate cut from the Bank of Canada and renewed tariff threats from President Trump. In contrast, Japan saw the...
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Mar-a-Lago Accord

At the start of 2024, market consensus widely predicted that the U.S. Federal Reserve would slash interest rates six times, with speculation rising to as...

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Cut Skip or Pause

The broad based USD, represented by the US dollar index has been up only since September 30th.It has been up for 8 straight weeks until last week.When the...

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A Shift in the Narrative

It’s time for a shift in the narrative. Back in August, the focus was on the unwinding of the Japanese yen carry-trade. After that, attention turned to...

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Global Liquidity Bazooka

The long-anticipated move has finally happened— the Federal Reserve kicked off the monetary easing cycle with a larger-than-expected 50 basis point rate cut,...

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Setting the Stage

Setting the Stage

At the beginning of July, I was contemplating how Federal Reserve Chairman Jerome Powell would set the stage at the FOMC meeting on July 31st...

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It’s a Bazarro Time

The Market Dispatch -July 3, 2024

Over the last month, I can’t help but think of the 90’s Seinfeld episode, “The Bizarro Jerry”. It was based on the 60’s DC Comic...
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Second Half Kick-Off

Market Place Dispatch

Although the USD was down against all the majors in May, it is a little deceiving as the month was a tale of two halves. The first part of...

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Optical Illusion

The Market Dispatch May 1, 2024

The US has endured the fastest increase in interest rates, from zero to 5.5% yet inflation remains sticky and threatens to...

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