US Macro Surprise data declined for the sixth straight week... to its weakest since January 2023...
Source: Bloomberg
But that 'bad news' prompted a run to record highs for risky stocks...
Source: Bloomberg
So the VIX, USD and Treasury yields were all down while Bitcoin, Oil, Gold and Silver all outperformed.
Finally, how much longer can the market (and The Fed) ignore the surge in inflation surprise data and just watch the de-growth with blinkers on?
Source: Bloomberg
Hoping that the 'bad news' is all that matters to lift rate-cut hopes isn't much of an investment strategy...
Happy Monday
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Andy is the founder of ANDIKA Pty Ltd, a licensed securities & derivatives dealer. He's the author of fiction and non-fiction books and has been a University lecturer on risk and investment.
