WKLY - In The Pipe Five-By-Five
2024-04-09 07:18:00 ET
Summary
- Broad-based global economic indicators have clearly improved in the past three-to-six months, and this has happened as inflation has come down.
- The major DM central banks might not have started their easing cycle yet, but the underlying thrust of global monetary policy has clearly shifted, all the same.
- Obviously, economic strength could become a burden on markets to the extent that it prompts central banks to abandon their plans to cut interest rates.
I recently said that markets were cruising for a bruising . For now, they’re just cruising, mirroring the path set by Corporal Ferro as she guides her drop ship to a perfect landing on LV-426 in James Cameron’s Aliens....
In The Pipe, Five-By-Five