When He Speaks, Global Markets Listen | Macro Money

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Rising interest rates may threaten global markets if Fed Chair Jerome Powell dials up hawkish rhetoric as progress on inflation stalls.

tastylive's Head of Global Macro Ilya Spivak previews a high-profile speech from the U.S. central bank chief outlining the outlook for the economy and considers how it might impact stocks, bonds and currency markets.

Ilya has over 15 years in trading strategy roles. He applies a top-down approach seeking to take advantage of big thematic moves in currencies, commodities, rates and equity indices.

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Over the last 12 months we learned: Citi surprise index means absolutely nothing (remember it was surprising to the downside causing you to predict doom and gloom?), number of cuts mean nothing to the market, it still goes up even as number of predicted cuts is down, yields really mean a lot! Who wants to risk with stocks when you get 5% 10 year tbill interest risk free?

icenomad