Real Vision: Finance & Investing Fed Cuts Coming or Crisis Brewing? | Macro Mondays: November 17th, 2025
Nov 17, 2025
Join Andreas Steno Larsen, a macro analyst and co-founder of Steno Research, as he dives into the complexities of today's financial landscape. He explores the ongoing liquidity pressures and implications for the Fed's decision-making, discussing the unfinished China trade deal and its impact on global markets. Andreas also assesses the potential for a December rate cut and the challenges within the Treasury's cash flow management. He emphasizes China's pivotal role in energy supply chains while examining strategies for investing in solar and military drones.
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Latte Art Mirrors Trading Chaos
- Andreas tried latte art and failed, comparing it to his recent trading results.
- He uses the coffee anecdote to lighten the discussion about market volatility and liquidity worries.
Dollar Liquidity Still Tight
- Repo markets show narrow dollar liquidity is still scarce despite Fed facilities and partial Treasury flows.
- Andreas says this scarcity implies the Fed will likely expand facilities or add asset purchases soon.
China Deal Largely Rhetorical So Far
- The reported US-China trade dĂŠtente is largely rhetorical and still lacks firm execution.
- Andreas notes past deals were signed but not delivered, so current headlines may be only handshake-level agreements.