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Duration Cracks, who cares what about my equities and crypto?
While the US equity markets had been trading "as if" the US is no longer a top-tier credit for some time, Moody's formal downgrade last Friday reinforces that perception and introduces constraints for investors bound by ratings-based mandates.
https://www.reuters.com/business/finance/moodys-downgrade-ripples-through-bond-market-causes-worries-stocks-2025-05-20/
The
From Left-Tail to Left Sidelined
Markets are scrambling to recalibrate after an unexpected, dramatic rollback from the U.S. and China over the weekend. In a move that exceeded expectations, the U.S. slashed tariffs on Chinese imports from 145% to 30%, while China reciprocated with a drop from 125% to just 10%.
Disclaimer: I
Heads I Win, Tails I Trim: Gold Trim to Win
Gold has been the undisputed king of the 'Short USD'/diversification in recent months. When everyone's already at the party, sometimes it's time to check the exits.
After a monster run driven by everything from yield compression to geopolitical fear, gold is now flashing