Below are charts and brief excerpts from today's Early Look written by Macro analyst Christian Drake.
So, frontrunning higher-order effects is always and everywhere the macro M.O.
Except when it’s not.
Currently, everybody knows that everybody knows that we’re set to traverse an epic reflationary palooza.
And the first-order gravity associated with the following labor/income/consumption dynamics will continue to define Quad 2’s reality domestically. The trinity below remain the fulcrum factors of consequence.
Macro evolutions are, of course, path dependent and prevailing conditions carry forward implications that are reasonably definable. I’ll game out the duration sensitivity and probable derivative implications associated with current conditions in the next Early Look.
Lastly, and as it relates to next-gen asset beauty contests, ‘kind of late’ is better than never with respect to global phase transitions and macro epiphanies.
As a crypto-phile and agnostic connoisseur of all things objectively amusing … I invite you to indulge in the following (h/t @DocumentingBTC) as you attempt to bootstrap you Tuesday mojo.