Epsilon Theory Professional
All of the heartfelt prayers to the Fed gods went unanswered last week. Or rather, the answer was “No.” And without a Fed backstop to US-China negotiations (where the narrative continues to worsen), we are immersed in technical uncertainty.
The Street is beating the recession narrative drums, culminating in Friday’s sharp sell-off in US markets. But there’s a chance for Powell to save the day, by shifting the Fed narrative to provide a market backstop to US-China trade disputes.
Ben’s weekly summary of the week that was in financial markets for the week ended December 7, 2018.
The market is not a clockwork machine, even though we all think it is. No, the market is a bonfire.
Some of our terminology, exhibits and analyses may not be immediately intuitive. We’ve assembled a short guide to help you familiarize yourself with the Epsilon Theory frameworks.
Legacy Monitor Archive (Pre-January 2020)