Today's slide deck: https://bit.ly/3qJiZlF -
Today we look at animal spirits continuing their comeback, with signs of aggressive risk-taking in the most speculative corners of the market that many had written off until this latest surge. As rising yields are not yet pressuring real rates, the implications of rising nominal yields and quickly flattening yield curves are more muted than in previous cycles. Clearly, the Fed has its work cut out for if it wants to avoid a raging new speculative bubble, and it's a long wait until the May 4 FOMC meeting. Today's pod features Peter Garnry on equities, Althea Spinozzi on fixed income and John J. Hardy hosting and on FX.
Intro and outro music by AShamaluevMusic