32 min

E122 - The Fed is in a Sticky Situation In Search of Green Marbles

    • Inversiones

As many of you know, there is no Fed meeting this month. As such, it would be reasonable to assume that we wouldn’t have Lundy Wright on the podcast because he’s the expert we turn to when it comes to analyzing the latest meeting.
However, as you may have noticed, a recent spat of economic numbers has put a real question mark over the prospect of rate cuts any time soon. If not flipped, the script has certainly been ruffled. So, we asked Lundy to come on and provide his latest views on where things stand and what factors he’s watching ahead of the March Fed meeting.
Please check important disclosures at the end of the episode.
This episode was recorded on Wednesday, February 21st after the market close.
Timestamps:
Does Lundy think that seasonal factors have skewed January data, including Core CPI? [5:16]What is the r-star rate and why does Lundy refer to it as “mythical nonsense”? [8:55]Could the supply of Treasuries that will come to market counter economic stimulus? [17:39]What is Lundy anticipating ahead of the March Fed meeting? [23:48]What is Lundy’s “recipe” for creating trading paralysis in the bond market? [27:55]
Resources:
Fact Sheet on seasonal adjustments in the CPIGazing at r-star: Gauging U.S. monetary policy via the natural rate of interestAn ugly 20-year bond auction
Disclosures: This podcast and associated content (collectively, the “Post”) are provided to you by Weiss Multi-Strategy Advisers LLC (“Weiss”). The views expressed in the Post are for informational purposes only and are subject to change without notice. Information in this Post has been developed internally and is based on market conditions as of the date of the recording from sources believed to be reliable. Nothing in this Post should be construed as investment, legal, tax, or other advice and should not be viewed as a recommendation to purchase or sell any security or adopt any investment strategy. Past performance is no guarantee of future results. You should consult your own advisers regarding business, legal, tax, or other matters concerning investments. Any health-related information shared on the podcast is not intended as medical advice or for use in self-diagnosis or treatment. Please consult a qualified healthcare professional before acting upon any health-related information on the podcast. Weiss has no control over information at any external site hyperlinked in this Post. Weiss makes no representation concerning and is not responsible for the quality, content, nature, or reliability of any hyperlinked site and has included hyperlinks only as a convenience. The inclusion of any external hyperlink does not imply any endorsement, investigation, verification, or ongoing monitoring by Weiss of any information in any hyperlinked site. In no event shall Weiss be responsible for your use of a hyperlinked site. This is not intended to be an offer or solicitation of any security. Please visit www.gweiss.com to review related disclosures and learn more about Weiss.

As many of you know, there is no Fed meeting this month. As such, it would be reasonable to assume that we wouldn’t have Lundy Wright on the podcast because he’s the expert we turn to when it comes to analyzing the latest meeting.
However, as you may have noticed, a recent spat of economic numbers has put a real question mark over the prospect of rate cuts any time soon. If not flipped, the script has certainly been ruffled. So, we asked Lundy to come on and provide his latest views on where things stand and what factors he’s watching ahead of the March Fed meeting.
Please check important disclosures at the end of the episode.
This episode was recorded on Wednesday, February 21st after the market close.
Timestamps:
Does Lundy think that seasonal factors have skewed January data, including Core CPI? [5:16]What is the r-star rate and why does Lundy refer to it as “mythical nonsense”? [8:55]Could the supply of Treasuries that will come to market counter economic stimulus? [17:39]What is Lundy anticipating ahead of the March Fed meeting? [23:48]What is Lundy’s “recipe” for creating trading paralysis in the bond market? [27:55]
Resources:
Fact Sheet on seasonal adjustments in the CPIGazing at r-star: Gauging U.S. monetary policy via the natural rate of interestAn ugly 20-year bond auction
Disclosures: This podcast and associated content (collectively, the “Post”) are provided to you by Weiss Multi-Strategy Advisers LLC (“Weiss”). The views expressed in the Post are for informational purposes only and are subject to change without notice. Information in this Post has been developed internally and is based on market conditions as of the date of the recording from sources believed to be reliable. Nothing in this Post should be construed as investment, legal, tax, or other advice and should not be viewed as a recommendation to purchase or sell any security or adopt any investment strategy. Past performance is no guarantee of future results. You should consult your own advisers regarding business, legal, tax, or other matters concerning investments. Any health-related information shared on the podcast is not intended as medical advice or for use in self-diagnosis or treatment. Please consult a qualified healthcare professional before acting upon any health-related information on the podcast. Weiss has no control over information at any external site hyperlinked in this Post. Weiss makes no representation concerning and is not responsible for the quality, content, nature, or reliability of any hyperlinked site and has included hyperlinks only as a convenience. The inclusion of any external hyperlink does not imply any endorsement, investigation, verification, or ongoing monitoring by Weiss of any information in any hyperlinked site. In no event shall Weiss be responsible for your use of a hyperlinked site. This is not intended to be an offer or solicitation of any security. Please visit www.gweiss.com to review related disclosures and learn more about Weiss.

32 min