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The Hiking Cycle Is Over

The Macro Trading Floor

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The Equity Market's Funny Rally in April

April is one of the strongest seasonals in the equity market. It might be you get a window where very myopically markets decide to chase equities on the way up. If Andreas Ortiz is right and macro data keeps coming in weak, by definition rates vol should come in. But it takes a bit of time for negative credit impulse to show into recessionary data.

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