Break something? The Fed has been raising interest rates for the past year to bring inflation down to its target range of ~2%. For the…
Victor Adair12 March 2023
Interest rates keep rising Incoming inflation data has been hotter than expected; forward markets are now pricing another 75bps increase from the Fed (25 bps…
Victor Adair26 February 2023
Interest rates rose again this week; stocks, bonds and gold fell while the US Dollar rallied I began last week's Notes by pointing out that…
Victor Adair19 February 2023
Key Turn Date - February 2, 2023 - The Fed Will Be Higher For Longer The market was "Fighting the Fed" for the past couple…
Victor Adair11 February 2023
FOMO Alert! The Nasdaq had its highest weekly close yesterday since September, up ~13% from the 27-month lows made last October. This week's close was…
Victor Adair29 January 2023
The Anti-dollar trade Last week I wrote: Gold bugs have believed for years that gold is the original Anti-dollar, but lately, the Euro currency has…
Victor Adair22 January 2023
Markets are expecting the Fed to cut rates this year, but the Fed says, "Don't count on that." This is the current SOFR (Secured Overnight…
Victor Adair15 January 2023