February started off with the FOMC, which I expected it would have delivered 50bps and hawkish remarks: I couldn’t be more wrong. In a very disappointing turn of events, not only the hike was a mere 25bps, but the presser showed us the softest version of Powell we’ve seen in a long time. Indeed, during...Read More
The year started in the most boring way possible, keeping us all in a tight range in what seemed the unbreakable wall at 3850 until it violently broke to the upside. As of January 27th, the S&P 500 was at the same level it was back in August when the famous Jackson Hole speech was...Read More
