by Jacques Lemoisson | Oct 10, 2023
Somes extracts : Given the last point, your scribe believes that while condemnations are almost unanimous, most Western countries will do everything possible to prevent the conflict from spreading to other countries. Since the Yom Kippur War and throughout the...
by Jacques Lemoisson | Oct 10, 2023
Some extracts Looking back at Friday’s session, it was one of the best days on record for our GTO (+1.6%) “We’re not safe from a surprise, so many of the employment figures are revised and skewed.” (GMI 06/10/2023). When your scribe wrote these...
by Jacques Lemoisson | Oct 10, 2023
Some extracts Your scribe insists we are only in the Great Normalization of our Western economies. After years of dependence on central bank liquidity, making a monkey able to build an asset allocation … It’s not the “why,” as Powell has...
by Jacques Lemoisson | Oct 2, 2023
Some extracts : – On Friday morning, your scribe had shared, “Now, the optimal take-off zone seems to be around October 15, which leaves us with a few more complicated days ahead if the bond markets don’t calm down unless the CTAs (whose asymmetry is...
by Jacques Lemoisson | Sep 29, 2023
Some extracts : Yesterday, we noted the “disaster” that was this revision for Q2: instead of the unchanged 1.7% figure of the second estimate of Q2 GDP, the final figure was a disaster of 0.8%, a 9-sigma deviation from estimates… China has no reason...
by Jacques Lemoisson | Sep 28, 2023
Some extracts : We’ll come back to these various points, but first, your scribe will recall his convictions in Global Macro even though the markets no longer have any rules: Duration is the main danger in asset allocation. Markets are increasingly ripe for a...
