
MacroVoices #290 Juliette Declercq: Are Cyclical Indices Positioned To Outperform?
Macro Voices
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The Fed Is Looking for Jobs, Not Wages
Inflation killed reflection from the beginning of the second quarter, triggering a correction in the global yield up trend and a curve flattening. The near future should see transitoryin an moderate but stay firm, especially compared with the past decade. I expect capitulation on the syclical law narrative into the ongoing ever granted turbulances. Personally, i'll be looking to go back a short tenyur duration into the current risk of dynamic. And i'm also looking for dollar up side to fade again quickly. It will take a long time for an employman to drop back to pre crisis level soso,. This should keep the fed dovish as far as rate hikes are concerned
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