10 Most Interesting Things We've Read Recently (FFTT)

MACRO-THEMATIC TRENDS - Report 26 Jun 2020 by Luke Gromen


Hope you’re well. This week’s edition of the 10 Most Interesting Things We’ve Read Recently is attached. If you are having trouble logging in, please email fftt@analysthub.com for assistance.

Key points:

1. US COVID cases are re-accelerating; US COVID deaths are not (yet?) (page 2)

2. Bank of England joins the Fed in admitting that its sovereign bond market “broke” during the COVID crisis (page 3)

3. “How the COVID crisis is opening the door to Universal Social Policies in the US” (page 4)

4. “Fed’s Clarida says Fed can and will do more to support US economy” (page 5)

5. Gold-to-S&P 500 ratio has broken above its 50-month moving average for the 1st time since 2001 (page 7)

6. Former NY Fed Markets Group head Simon Potter unexpectedly resigns from LBMA board as a curious fact pattern emerges (page 9)

7. “…the Fed has effectively turned most large government bond markets into USDs = the USD shortage is gone.” (page 12)

8. “Fed’s balance sheet shrinks for the 2nd straight week” (page 13)

9. “How the COVID crisis will re-shape world trade” (page 14)

10. Asset allocators realizing stimulus may be a permanent feature of markets; will gold allocations rise structurally? (page 17)

Thanks for reading this edition of Tree Rings. Have a great weekend! LG

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