macrotheme capital management, llc


  • Market Insights

market insights



March 28h, 2024



yield curve spread 10y-2y



Recession is coming, long and variable lags, but not showing up in the data yet





10-year Treasury



Long term rates rising - higher real rates, but also rising inflation expectations





2-Year Treasury



2Y yields rising - the Fed unable to cut due to "sticky" inflation





s&p 500



The uptrend is broken - higher rates, but big-tech earnings will be important





the euro



Euro falling, the ECB to cut before the Fed





gold



Gold rising, geopolitics, possible inflation fears, but ignoring rising real rates





crude oil



Oil rising, it's mostly the geopolitics, but also OPEC+ supply cuts and strong US economy





copper



Copper rising, strong US economy, China trying to stimulate, electrifiction





technical signals - as reported



Technical Summary Widget Powered by Investing.com


Economic calendar



Labor market, inflation....



Real Time Economic Calendar provided by Investing.com.


macrotheme capital management LLC





815 BRAZOS STREET SUITE 500
AUSTIN TX,, 78701