Steve Van Meter

Steve Van Meter, a macro commentator and market analyst, dives into the ongoing cash squeeze affecting money markets. He predicts the Federal Reserve will likely cut rates due to labor weaknesses, while discussing the implications of potentially ending Quantitative Tightening (QT). The conversation highlights stresses in credit markets, elevated SOFR rates, and the subtle balancing act the Fed must perform to avoid spooking equity markets. The duo also explores how declining consumer sentiment impacts spending amid rising recession risks.

Join Steve Van Meter, a macro commentator known for his sharp insights into monetary markets, as he delves deep into Europe's economic landscape. Discover why the ECB's decision to hold rates at 2% could be masking troubling underlying issues. The conversation explores how stagnant GDP affects consumer spending, revealing how companies like Chipotle are feeling the pinch. They also discuss the challenges of rate cuts and their limited impact on low-income households amid broader structural issues in the economy.

In this discussion, Steve Van Meter, a sharp market commentator, delves into the chaos shaking credit markets. He reveals how recent labor market weakness is tying into rising credit stress, and highlights alarming repo fails indicating tighter dollar demand. With crypto facing its largest liquidations ever and crowded trades unwinding, he exposes the risks lurking in extreme leverage. Steve also raises concerns about banks reassessing their exposure and the potential for mounting volatility as macro weaknesses interplay with geopolitical tensions.