Bond Quickie
Last we left you, we were talking about how the FED and bonds were fuct and EMs were likely the recipients of a flip in fund flows. Two weeks don’t make a trend but that sure seemed timely as TLT continues to roll on the back of made-up NFP numbers, while EMs (i.e. China) went…
Times Are A Changin’….
We’re changing our tune a bit here at KEDM. After spending years alone in the desert thinking that Fiscal trumps everything else, and laughing at all the recession lunatics who were shorting at the lows in 2022, we now feel that our desert island is getting a bit crowded. Too many Macro bros suddenly agree…