MacroVoices #368 Charlie McElligott: Banking Crisis, FOMC, 0DTE, CTAs & more
Macro Voices
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Gold's Breakout in the Global Macro Space
Gold is now trading not only above the February high but around this huge psychological round number of 2000 going back to that March of 2022 when we did break above 2000 it held only for a day. junk bonds have not bullishly responded to what was a pretty strong impulse higher in treasury now obviously treasury bonds were reacting to the financial crisis some quantitative easing speculation and obviously a potential fed pivot. This is the first time since the second quarter of last year where we've seen high yield credit through these spreads start to worsen.
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