I don’t need to highlight the details of the carnage. Whether warranted or not, the moves have been remarkable in global equities, currencies and rates. I’ve been fortunate to have been largely unexposed to equities for some time – save for some OTM calls in FB, PANW, and ASHR instead, opting to focus my portfolio […]

Yes, I’m a USD bull and yes, it sounds self-serving to question the ECI print, but the magnitude and the direction of the miss just seems off. Here’s an historical comparison b/w wage growth and the ECI. In theory, the monthly wage growth data should lead the quarterly ECI print. Even if the ECI print was correct, […]