by Tony Valente | Nov 15, 2024 | Uncategorized
It’s time for a shift in the narrative. Back in August, the focus was on the unwinding of the Japanese yen carry-trade. After that, attention turned to China’s stimulus efforts to combat issues in its real estate and stock markets. Then, the spotlight was on the...
by Tony Valente | Oct 2, 2024 | Uncategorized
The long-anticipated move has finally happened— the Federal Reserve kicked off the monetary easing cycle with a larger-than-expected 50 basis point rate cut, instead of the predicted 25 bps. But that’s just the beginning. The updated Dot Plot now projects eight...
by Tony Valente | Sep 5, 2024 | Uncategorized
Signed, Sealed, To Be Delivered The U.S. dollar faced significant pressure in August, declining across the board. The magnitude of these moves suggests a shift in market sentiment. As shown in the daily chart of the U.S. dollar index above, the only reprieve came from...
by Tony Valente | Aug 5, 2024 | Uncategorized
Setting the Stage At the beginning of July, I was contemplating how Federal Reserve Chairman Jerome Powell would set the stage at the FOMC meeting on July 31st for a potential rate cut in September, without causing a significant rally in the equity markets or...
by Tony Valente | Jul 3, 2024 | Uncategorized
The Market Dispatch -July 3, 2024 Over the last month, I can’t help but think of the 90’s Seinfeld episode, “The Bizarro Jerry”. It was based on the 60’s DC Comic Bizarro World in which society is ruled by the Bizarro Code which states “Us do opposite of all...
