Things are starting to look a little troublesome for the US economy in the mid-term as re-accelerating inflation and a weakening labor market is no easy cocktail for the Fed. Read more here together with some notes on freight rates, Japan and the new BTC ETF.
Something for your Espresso: Yellen now decides the QT pace
The liquidity tailwinds paired with fading Red Sea fears lead equities higher again. The mini positioning wash-out leaves a good entry-point for Q1 risk-on trade here.