Pro Macro: In Focus – Pivots & Rollercoasters

Published on: July 11th, 2022

In a nanosecond, markets pivoted from a fear of inflation narrative to one of a fear of recession. Most likely there will be a tug of war for a few weeks around the two points of focus. The big themes remain set to keep uncertainty high and economic and market volatility elevated. This will push risk premia higher over time. But nothing travels in a straight line. Frameworks and tactics discussed below.