MacroVoices #368 Charlie McElligott: Banking Crisis, FOMC, 0DTE, CTAs & more
Macro Voices
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What Happened in January?
The assumption coming into the year that was so wrong was at H1, the first half of the year you're going to get this imminent recession. That's exactly what happened in January as per the January data release in February. We got that huge rates move, that huge FCI tightening we added at one point,. Like 100 dips of two terminal rate and guess what that meant? That meant that financial conditions tightened all of a sudden and you reversed the trend again.
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