June 2020 Macro Markets Blog Post
Recap Hi all, and thank you for tuning back in to the June update from MacroSquawk. Once again, I want to preface this month's blog by saying that I do not yet have access to a Bloomberg either from EIA or from NYU as I am currently away from the city. If you have been able to read the past blog post, it has been in many ways I feel indicative of the mood for the summer. We got the move in dollar weakening and commodities strengthening that I had described, albeit a bit later than I had expected. These I think are moves that will last for the remainder of the summer. This however, can derailed by any downward surprises in equity markets - which is what this blog post will mainly focus on. Macro Thesis I think right now the macro is caught in a tug of war between the technical pullback narrative, and a real reversal. Currently, I am of the opinion that we are likely only experiencing a pullback. However, I think the mark...