Steno Signals #70 – 10 charts you NEED to monitor in global macro
Happy Sunday from Mallorca and welcome to our weekly flagship editorial.
The world of Macro never fails at keeping us busy and this week I reveal the 10 charts that I currently monitor daily to keep myself up to speed on allocations amidst this turbulence. Enjoy (the ride)!
It’s been evident for a while that the diversification effects from US Treasuries are weak and we are now approaching a record high correlation between Equity and Bond returns. If you haven’t already altered your portfolio composition, it is already overdue as the 60/40 portfolio seems structurally challenged.
Could energy prove to be the new Fixed Income of portfolios? Find our thoughts below!
Chart of the week: The 60/40 portfolio is dead
From the ongoing depletion of the Chinese US Treasury holdings, to the BoJ’s impact on global markets concluding with the $-liquidity impact of the ON RRP facility. Here’s a list of 10 MUST watch charts in macro.
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