This Week
- Market continues to price in Reflation.
- Treasury Secretary Scott Bessent announced that the U.S. Treasury will at least double the size of its long-term bond buyback operations reigniting the debasement trade with $DXY down and $GLD and $IBIT up.
- Rates sold off initially, but rallied back towards the end of the week. $IBIT is trading above trend and will likely enter the portfolio in the coming days. $GLD is nearing bullish trend as well.
- $DXY weakness helping international > US equity strength.
- Equity vol remains subdued
- No changes to the allocation this week
- Next week has Warsh at Jackson Hole and $NVDA reporting.
Regime
Portfolio
Daily Snapshot
Signal Strength & Volatility
Results
