Yes it would be, but correlations and what usually moves in the different regimes has changed a bit ever since Trump became president. It’s mainly USD that’s behaving differently from before.
Yes. The tariffs and the "USD debasement" seem like one-off drivers that take centre stage when they happen. Something like fiscal stimulus in 2020 or FED Backstopping.
Love this piece, thanks!
Appreciate the sharing, Geo. Very useful!
Hi Geo!
When it comes to having a mental map and tracking key drivers, could it mean using the quadrant approach and constantly evaluating for regime shifts?
Yes it would be, but correlations and what usually moves in the different regimes has changed a bit ever since Trump became president. It’s mainly USD that’s behaving differently from before.
Yes. The tariffs and the "USD debasement" seem like one-off drivers that take centre stage when they happen. Something like fiscal stimulus in 2020 or FED Backstopping.