There is plenty of heathy debate out there on the outlook for Fed rate cuts during 2024. And to be sure, you can find just about any forecast you like from the standard pool of professional pundits. Typical examples run something like “They will cut 25bps every...
To start 2024, I have decided to formally bring back the trade that has largely defined my career at Jefferies – risk parity!! I hinted at this in my last note from December; and after further reflection over the holidays, I am now taking the plunge. The bottom line...
Before I begin today let me just say a big thank you to all who gave last week for the charity haircut. In addition to the $100,000 from Jefferies, $152,275 was raised from clients and colleagues. Here are the final stats: Total raised: $252,275 Total # of donors: 614...
I have three separate topics to address today. Let me start with trade given the upcoming G20 meeting. And let me warn you up front that I will be getting quite Machiavellian here. In the end you may think I have gone a bit too far with this, but as I get older, I...
Definition of symmetry: The quality of being made up of exactly similar parts facing each other or around an axis. Correspondence in size, shape, and relative position of parts on opposite sides of a dividing line or median plane or about a center or axis. ———— The...
It’s not often that I read a WSJ editorial and think - “WOW...that was fantastic”. But it happened with this piece from the weekend: https://www.wsj.com/articles/the-return-of-3-growth-1532731513 I highly recommend talking the time to read it. And once you finish,...
It’s not often that I read a WSJ editorial and think - “WOW...that was fantastic”. But it happened with this piece from the weekend: https://www.wsj.com/articles/the-return-of-3-growth-1532731513 I highly recommend talking the time to read it. And once you finish, please have a (re)read of the “Secular Stagulation” piece I wrote back in Feb 2017. It is […]
