Markets Have Decided the Rules Don't Apply Anymore
The Bull Market That Refuses to Read the Macro Manual
Below is a comprehensive breakdown of why equities continue to trade higher even as the dollar strengthens and both ends of the rates curve push up. Honestly, this is one of those macro setups where the cross-asset signals seem to be telling completely different stories, and the divergence is worth pulling apart properly.
I'd strongly recommend going back and reading the recent report connected to these ideas, as they all build on each other. The frameworks and themes carry across pieces, so the fuller picture only really comes together when you read them in sequence.
Slide deck from the video:
Synthesis of my ideas from the video:
Thanks
Alfie