Markets (and finance Twitter) were readying all week to one piece of data that came out from the labor department this morning at 8:30. Plenty of time and energy has been spent predicting what a …
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You know the drill by now, Fed Fund futures went from pricing about a 4% chance of the Fed raising interest rates for the first time since December 2015, and only the second time since …
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First off, I do expect a more severe correction in June and July than what we’ve seen at any point in 2013. There, it’s off my chest, and I can get on to discussing the …
Continue readingThe central bank of Australia, the RBA, cut rates last night by 0.25%, to 2.75% from 3%. Australia is slowly converging to the global interest rate of 0%. I became bearish on the Aussie Dollar …
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My entire trading career, I’ve been fascinated with the market’s fixation on the payrolls number. It’s a backwards looking number with significant revisions and many underlying moving parts. It tells us little about forward looking …
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