A Euro-Surprise Is On The Way..A Rareview Global Macro View

Marketsmuse.com blog update courtesy of extract from a.m. edition of Rareview Macro LLC’s “Sight Beyond Sight”, the global macro trading investment newsletter favored by the industry’s leading hedge funds, investment managers and the world’s most savvy self-directed investors.

Neil Azous, Rareview Macro
Neil Azous, Rareview Macro
  • -FOMC Meeting: Best Wishes
    -Swiss National Bank (SNB) Meeting
    -Singapore: The First Derivative of China and Crude Oil

Firstly, FINalternatives was kind enough to publish our thoughts on what we believe are the main forces driving the economic cycle in Europe right now, the supply/demand conundrum in European bond markets, and why Bund yields could rise even while the Euro exchange rate falls. This is not a trading piece or a recap of recent events but an analysis to show how a mix of history and the implementation of monetary policy will combine to generate accelerating growth in Europe. It is basically the culmination of the views that we have been outlining to you since mid-January. If you’d like to read it, you can find it here: A Euro-Surprise Is On The Way And It Is Not What You Think It Is.

Secondly, ahead of tomorrow’s FOMC meeting we have made our short US fixed income views very clear in the last few editions of Sight Beyond Sight. The gulf between the views of dedicated currency and bond professionals is very deep right now. It is going to be a long and possibly unpleasant night if you are very short of the Euro. For bond professionals, it is our deep desire that Janet Yellen takes one step forward to becoming a true Chairperson tomorrow and starts the parole process for those sitting in Alcatraz.

To continue reading the March 17 a.m. edition of Rareview Macro’s “Sight Beyond Sight”, please click here.(Subscription is required)