Please join Jefferies Chief Market Strategist, David Zervos, for a discussion on how Trump’s attack on mercantilist trade policies will likely impact global financial markets and geopolitics. By bringing over 70 countries to the table to rebalance a broken global...
I generally draft a few bullet points for my TV hits before going on air. Given all the market madness, I thought I would share them with readers this morning so as to give everyone a better idea of where my head is after the last 3 trading sessions. ______ Notes for...
Here is a simplistic version of the game played every day in the global trade arena. Each country chooses to either be cooperative (C) or uncooperative (U). Below are some illustrative payouts: C:C -> $100:$100 C:U -> $30:$130 U:C -> $130:$30 U:U ->...
A little more than a week has passed since Jay decided to slip on a red jersey and distance himself from that politically charged 50bps rate cut just before the election. His dovish messaging was crystal clear. And the near complete shutdown of Treasury QT put dovish...
Before proposing a 12-step recovery journey for countries struggling with fiscal policy addiction issues, I have two housekeeping issues and a quick FOMC thought to share: I want to apologize for the technical problems with last Thursday's macro zoom. It was...
Before proposing a 12-step recovery journey for countries struggling with fiscal policy addiction issues, I have two housekeeping issues and a quick FOMC thought to share: I want to apologize for the technical problems with last Thursday's macro zoom. It was inadvertently capped, thereby leaving many participants locked out. It does appear that the replay […]
