Weekly Update

The dominant force this week was the continued reverberation from new Fed Chair Warsh's hawkish FOMC debut — Bank…

The past week delivered the first meaningful regime crack in the hawkish-USD, hot-data environment that defined the past…

This week the macro tape delivered the sharpest single-session repricing of the cycle. The Japanese yen traded near 160…

The week was dominated by a single macro regime shift: oil's collapse on US-Iran ceasefire progress. Global…

The week delivered fresh damage to our rate-convergence positions. The Japanese yen slipped past 159 per dollar on Friday…