Access the Powerpoint slides of this month’s ET Pro monitors here.
Access the PDF version of the ET Pro monitor slides here.
Access the underlying Excel data here.
- As in prior months, there is very little attention being paid to fiscal policy / budgetary topics, and practically no linguistic connection between them and financial markets narratives.
- Cohesion and Fiat News, too, remain at floor levels.
- We counsel some awareness of the scale of policy proposals, especially those being promoted by leading Democratic candidates. The market is paying zero attention with zero cohesion, which we observe as a complacent structure.
- A sufficiently credible candidate with a GND/MMT-style approach could be a significant surprise to a market that could not care less about debt ceiling negotiations, government shutdowns, debt levels or budget deficits.
Narrative Attention Map
Fiat News Index
Here’s why D.C.’s CFO is wrong on the budget [Washington Post]
Stop Sneering At de Blasio [New York Times]