The positive stock-market regime that began late last year remains in place...

Talking to Matt about the Fed, Congress and politics in the U.S. ahead of the 2024 election.

Is monetary and fiscal policy "too stupid to be stupid?"

"What does this have to do with selling boner pills." 

Watch Peter Schiff and Nouriel Roubini vs Anthony Scaramucci and Erik Voorhees, no holds barred...

The green new deal and switch to "alternative' energy looks like it's going exactly as planned: costing the taxpayer trillions of dollars and generally pissing everybody off. 

"The Biden Administration is leveraging the full power of the federal government to engage in an anti-science war on reality, with America’s children as the collateral damage."

... it's PhD-based 'science' stuff, you'd never understand!

"...it was the worst of times (for economic data), it was the best of times (for stocks)"...

"Yes. TCT (The China Trade) is back..."

"equity markets are expensive, particularly in the US..."

We just got the answer whether Yellen leaked weak US data to the BOJ... 

The persistence of the idea that rising yields will eventually self-correct is testament to a fundamentally deflationary mindset...

"Demand has weakened, as signaled by the first fall in new orders for goods and services for six months... and Prices are rebounding strongly..."

"I don’t think this data will stand the test of time as helping all markets..."

“NFP gains have likely slowed, but to a level that has remained strong. The ‘higher for longer’ narrative should remain well in place, but is largely priced in by the market at this stage.”

...suggests a 10-year yield ~40 bps lower.

...risk/reward is hard to define right now...