Rates Matter

Rates matter - more than anything right now given we are an economy of debt. Higher real yields are causing concern as the Inflation "super-cycle" narrative starts to spread.

 

Samantha and Jonathan discuss and debate whether the market is front-running not only a 'taper tantrum' (potential tighter monetary) and USD rally (core inflation stronger than expected) but also increasing odds of a de-risking or rotation event (think gamma unwind) from growth-to-value!