It took six months, but the FOMC and the short-term rates markets are finally in alignment with respect to the level of the Fed Funds rate as we approach the second half of 2024. Since the beginning...
In the current geopolitical environment, we would have historically expected much more volatility in the energy complex. Oddly, that has not been the case over the last 6 months. In fact, crude oil...
2023 marked the third year of drawdowns for the Chinese equity markets, reflecting a country still trying to emerge from the pandemic period. A combination of factors continued to hamper the once...
Market sentiment on bonds continues to trend lower, leaving the overall open interest in short-dated U.S. Treasury futures net short at an unprecedented level. There is the potential that these short...
The Fed and Markets Expectations Start to Align