ascendant - kn
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...
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...
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...
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,...
Signed, Sealed, To Be Delivered
Signed, Sealed, To Be Delivered
The U.S. dollar faced significant pressure in August, declining across the board. The magnitude of these moves suggests a shift in...
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...
It’s a Bazarro Time
The Market Dispatch -July 3, 2024
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...
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...