Rising Rate Environment Meets Market Reflexivity

Almost nothing looked good yesterday & the market was off a couple percent across the board, giving a third straight down day. Longer duration bonds have pulled back from recent highs, with the market suggesting the Fed won’t hike many more times this cycle. something happened October 3rd when Powell said the US was “still […]

CEO Kicked Out – An Obvious Trade Set Up

I’ve been (slowly) reading Ken Auletta’s book Frenemies: The Epic Disruption of the Ad Business (and Everything Else). In the book WPP’s former head & roll up founder Martin Sorrell is regularly featured. He was consistently highlighted in the media as one of the highest paid executives in the world & even when his pay “plunged” […]