Couverture de Macro & Volatility™ #30: Operation Epic Earnings

Macro & Volatility™ #30: Operation Epic Earnings

Macro & Volatility™ #30: Operation Epic Earnings

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  • Equity rally is fundamentally earnings-driven, not war “denial”
  • Excessive hedging mispriced the upside
  • Bonds are selling off because inflation is shifting from short-term to structural
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