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Credit & Debt
Credit & Debt
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Weston NakamuraVisionary
Real Vision Exchange Manager, Programming and Community Engagement

Weekly Roundup + Global Markets Review: USD & FX, USTs, Equities, Options & Quarter Expiry, Gold & Metals, BTC & Crypto, Market Relevant Geopolitics, Global Central Banks

Not my typical weekly roundup at all ↑

Markets Reviewed / Examined & Explained

In this note- market related matters from the week:

•Global Central Banks

•Geopolitical Risk

•”The Dollar” / the yen, FX

•UST yields

•Gold & crypto

•June quarterly options expiry/meme calls


I was going to discuss markets on RVDB Thurs but didn’t make it on. Not every day is a markets discussion day- but day after FOMC certainly was. We saw some major moves that had left many puzzled. So here are some points below, covering cross asset market observations, explanations, and what to look for going forward.

I’m writing a separate post for this following up on Japan: The World’s Biggest COVID Failure but given the US COVID risk discussion, will quickly mention the FAR more pressing COVID catastrophe looming with an exact date slapped on it: Tokyo Summer Olympics. Japan currently 5% vaccinated - yes, FIVE PERCENT have at least ONE SHOT, lowest per capita among developed AND developing nations, trailing even Brazil & India), less than one month away from people from every single country coming into Tokyo for two weeks in the worlds largest and one of most densely populated metropolitan areas, and then returning back to their respective countries in every corner of the world. And as far as I can tell, NONE of this is on anyone’s radar, so if you want to talk COVID, this is prob the discussion that matters most right now. Just my view.

And as always,... (More)

How did your "Defenders" do in the last few down days?

Applying what I learned from this RV interview:  Parrilla and Pal -- A Macro Masterclass in Portfolio Construction and Management | Real Vision

My "Strikers" have gone MIA the last 3 days but thanks to the "Defenders", I'm basically flat.  Note, I have several different types of defenders.  Not all brought their "A" game, but TLT did.

Did you utilize defenders, if so what were they?

Happy Friday!

 

PS:  perhaps dodged a bullet for now, but still too early to claim victory of any kind and nor was trying to.  Meanwhile learning and absorbing as much as time permits.

The Case for an Approved Infrastructure Bill (RV’s Investment Ideas, Warren Mosler, THEORY VS. PRACTICE: THE FATHER OF MMT ON POLICY, PROFITS, AND POLITICS)

being on the pay, purchasing and contracting side of the Fed. Government for 20 years, it is now, that I finally understand the Fed’s playbook; thanks Ed and Warren.

To add, the student loan forgiveness program is only offered for public service to include military service. I don’t  think or expect student loans to be forgiven for any other reason, not even political as it goes against  MMT.