Steno Signals #194 — The March 2020 Parallel Intensifies
As the supply chain has been nuked by the liberation day tariffs, while most signs point towards an “easing” of tensions during May, we see more and more analogies pointing to the lockdown/reopening playbook from Covid. Here is why! To read the full article, sign up...
The Drill: Watch oil as OPEC is imploding..
While broader commodities have been surging over the past week, there is one peculiar thing about what’s going on in commodities: oil is down the drain, which suggests that this has nothing to do with the business cycle. The recent rally has more likely just offered a...
Steno Signals #194 – A Mar-a-Lago Accord- or Meltdown?
Part of the logic behind the Trump administration’s policy is to weaken the USD—but is the project spiraling out of control? Is there a viable path toward a less USD-dependent global system? Let’s take a closer look. To read the full article, sign up for a 14-day FREE...
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