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At present’s Compound and Mates is dropped at you by Kraneshares:
See right here for extra info on the KFA Mount Lucas Managed Futures Index Technique ETF ($KMLM)
On right now’s present, we focus on:
Pay attention right here:
Charts:
Tweets:
US monetary situations are probably the most accommodative they have been because the Fed began mountaineering charges final 12 months, in line with the Bloomberg US Monetary Situations index. pic.twitter.com/JKRcATr7Gv
— Lisa Abramowicz (@lisaabramowicz1) December 13, 2023
Merchants are actually pricing in 130bp of Fed charge cuts by the tip of 2024. pic.twitter.com/wAzMs6P3jF
— Lisa Abramowicz (@lisaabramowicz1) December 13, 2023
With right now’s strikes the brief charge market stays about 90bps decrease than the Fed’s dots in Dec ‘24.
Certain the Fed shifted to be extra dovish, however pricing transfer in parallel means both the market thinks the Fed shall be ~3x as dovish with the identical knowledge or progress will collapse. pic.twitter.com/ecArUD5owf
— Bob Elliott (@BobEUnlimited) December 14, 2023
‘24 shall be an essential check of the Fed’s credibility given their coverage indications vs market pricing.
Whereas their strikes yesterday clearly signaled a extra dovish response perform – with simpler coverage for roughly the identical knowledge – the brief charge market says all-in on easing. pic.twitter.com/1qbZ9zicZe
— Bob Elliott (@BobEUnlimited) December 14, 2023
If the Fed goes to extra structurally go mushy on their inflation mandate, it is a time to promote lengthy bonds not purchase them.
Fed’s personal dots present no intention to carry core PCE right down to at or beneath 2% til ’26 even beneath robust financial situations (UE charge steady at 4.1% through ’26): pic.twitter.com/2YdCriuAER
— Bob Elliott (@BobEUnlimited) December 14, 2023
The % of latest ETF launches which can be actively managed has reached a file 80%, which is wild. Lively ETFs additionally taking in 1 / 4 of the flows. Huge BYOA wave commencing. Prime 5 ETF chart of 12 months IMO from @SirYappityyapp pic.twitter.com/mQm2z96k3L
— Eric Balchunas (@EricBalchunas) December 11, 2023
Any hedge fund beta that may be become an ETF shall be become an ETF.
At which level, establishments need to ask, “why am I paying hedge fund charges for this? Why do I need one thing that is much less liquid?”
I am betting this development accelerates. pic.twitter.com/eopDacanUc
— Corey Hoffstein 🏴☠️ (@choffstein) November 10, 2023
The good deposit flight danger of 2023… did not materialize regardless of excessive charges. Deposits have been fairly steady / up for months now.
And earlier than I hear, “however massive time deposits are surging,” acknowledge that the 400bln improve since SVB is *simply ~2%* of the deposit base. pic.twitter.com/WQwoVfOs7k
— Bob Elliott (@BobEUnlimited) December 9, 2023
A standard q I get today is when the pile of money added this 12 months may head for inventory and crypto markets
The reply: (doubtlessly) after we get previous recession worries
Since 1974, money ranges have began declining a mean of 10 months after the primary charge lower pic.twitter.com/au026I7B1T
— Callie Cox (@callieabost) December 11, 2023
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