The blog that fits in a coat pocket
Twenty entries across the last few years — just enough to know what happened, why it matters, and where I stand.
Macro Back in Control as Rotation Widens
AI-heavy equities paused while haven dollar strength, energy bids, and defense flows signaled that macro is steering early December.
read →
December Rotation Signals a Risk Reset
Capital left crowded tech for real assets as oil jumped, the dollar slipped, and long-end yields eased.
read →
Energy Firms as Dollar Softens
Supply-side oil pop, a softer USD, and early sector rotation put energy in the driver’s seat.
read →
Markets Brace Ahead of Jobs Print
Oil dips on inventories while markets pause for NFP; dollar firms on flow-driven bids.
read →Markets Hold Their Nerve Ahead of 2026
Markets stayed flat into year-end as traders waited for hard data, not sentiment.
read →ECB Delivers First Cut of the Cycle
Frankfurt trimmed rates by 25 bps even as it acknowledged inflation remains above target.
read →
BOJ Ends Negative Rates and Retires Yield Cap
Japan lifted rates to 0–0.1% and scrapped explicit yield-curve control after a generation of easing.
read →
Spot Bitcoin ETFs Launch in the US
The SEC approved 11 spot bitcoin ETFs, pulling crypto into mainstream wrappers.
read →October CPI Cooldown Eases Yield Pressure
Inflation slowed more than expected, knocking bond yields lower and lifting stocks.
read →
US 10-Year Yield Briefly Tops 5%
A milestone move in long Treasuries flashed the cost of higher-for-longer policy and deficits.
read →Arm Returns to Markets With a Pop
The biggest US IPO of 2023 priced at the top and jumped on debut, testing risk appetite.
read →
Fitch Cuts US Rating to AA+
A post-debt ceiling downgrade revived debates on US creditworthiness and Treasury supply.
read →
Fed Lifts to 5.25–5.50% in July
Another 25 bps kept policy at a 22-year high while officials kept options open.
read →UBS Agrees to Buy Credit Suisse in Emergency Deal
Swiss authorities pushed UBS to take over Credit Suisse for CHF 3B with massive liquidity backstops.
read →US Regulators Seize Silicon Valley Bank
A classic bank run toppled Silicon Valley Bank; regulators stepped in after a single brutal day of withdrawals.
read →
Fed Downshifts to 50 bps but Stays Hawkish
A smaller hike came with a higher terminal dot, signaling tightening wasn't done.
read →Powell Signals Slower Hikes at Brookings
A speech hinting at smaller moves sparked a risk rally before year-end.
read →
UK Gilts Buckle After Mini-Budget Shock
Unfunded tax cuts sent gilt yields soaring, forcing the market to test the Bank of England.
read →
Fed Jumps to 75 bps After Hot CPI
A surprise 75 bps hike signaled the Fed's urgency after May inflation hit a 40-year high.
read →
Fed Delivers 50 bps and Sets QT Clock
A half-point hike and a balance-sheet runoff plan marked the Fed's biggest move since 2000.
read →Fed Begins Rate Liftoff With 25 bps
The Fed raised rates for the first time since 2018 and mapped out six more moves for 2022.
read →
War in Ukraine Jolts Energy and Equities
Russia's invasion sent oil above $100, sank European equities, and sparked a rush for safety.
read →US Inflation Prints 6.2%, Highest Since 1990
October CPI surprised to the upside, jolting rate expectations and the dollar.
read →Energy Crunch Lifts Brent Toward $86
Tight supply and a global gas squeeze pushed oil to multi-year highs ahead of winter.
read →
Archegos Margin Unwind Hits Prime Brokers
A family office blow-up triggered forced block trades and multibillion-dollar losses for lenders.
read →