Markets that don't fall on "bad" news probably go higher My macro bias over the past few weeks has been that inflation would stay higher…
Victor Adair6 August 2022
Is anything going right in Europe? Germany reported a monthly trade deficit in May for the first time since 1991 (following the reunification of East…
Victor Adair24 July 2022
"Don't fight the Fed," they say, but what will the Fed do? The markets understand that the Fed is determined to cool inflation by raising…
Victor Adair16 July 2022
Fossil fuels - the Last Man Standing takes a tumble - but bounces back - a bit Front-month NYMEX WTI futures dropped as much as…
Victor Adair10 July 2022
Market worries switch from "relentlessly rising inflation" to "looming recession" The Fed raised s/t rates by 75bps two weeks ago and warned that they will…
Victor Adair2 July 2022
Inflation fears morph into recession fears; stocks and bonds rally, commodities and the USD weaken The Fed hiked s/t interest rates by 75bps on Wednesday…
Victor Adair25 June 2022
Central Banks dominated the markets this week The Fed raised rates by 75bps and forecasts much more to come. The Swiss National Bank surprised markets…
Victor Adair18 June 2022