A discussion of the outlook for the fed, interest rates and opportunities in the US credit markets. Watch replay here. You are unauthorized to view this...
Before discussing today’s topic, I want to clarify a couple things on my “got junk?” trade recommendation for 2023. First of all, I want to reiterate that I do not see a compelling case for spoos to move out of the range we have been in since last June. That was my...
I'm not sure how it happened, but in what feels like the blink of an eye, I am beginning my 14th year of writing on the global macroeconomic outlook here at Jefferies. Over these years, clients from all walks of financial market life have universally come around to...
In my last note back on Nov 29th, prior to Jay's Brookings speech and the December FOMC meeting, I penned the following: Looking ahead, I want to recommend ... just riding an outright long spoo position for the time being. I know Jay is likely to be hawkish…, but...
Before I start my first-ever crypto commentary, a couple of housekeeping notes are in order. First, on Dec 7th in New York City I will be hosting a fireside chat with Niall Ferguson. As many readers will remember, Niall and I held a virtual fireside chat in Q1 2022...
Back on 1-Nov-22, just before the last FOMC meeting, I penned the following lines at the end of a note entitled "The Pivot and Financial Instability”: ...we are likely coming in toward the final stages of this tightening move. After this week, there will have been 400...
Back on 1-Nov-22, just before the last FOMC meeting, I penned the following lines at the end of a note entitled "The Pivot and Financial Instability”: ...we are likely coming in toward the final stages of this tightening move. After this week, there will have been 400 bps of short rate tightening. And by the […]
