Stargazer Asset Management Weekly – August 16 2021

This week we look at the broad state of markets including EM, Europe and the tight ranges in FX.

BY ERIC FILL

SAM Weekly _ August 16 2021

Other posts

Thoughts From The Divide: Finding Reasons

BY JON WEBB

The latest flurry of Fed speak has been a broad recanting of the previously guaranteed, 100% for sure, cuts this year, with members saying, “I definitely don’t feel urgency to cut rates”, “I’m not in a mad dash hurry to get there[, to lower rates]”, and “at some point, … we will start to normalize policy back to a less restrictive stance [ed. Ha!], but we don’t have to do that in a hurry”. It’s nice to be vindicated. But now what? Read more →

Why Market Uncertainty Will Be Sticking Around

BY TEMATICA

Tariff negotiations, earnings expectations and Fed rate cut hopium Read more →

Thoughts From The Divide: Is it safe?

BY JON WEBB

We were very sad to see that Warren Mosler has decided to take an extended break from posting on X. Mr Mosler has helped inform our views about the overall policy stance. Most of all, Mosler was right: tight monetary policy did not stop the economy, and those who bet on that lost. Fiscal was certainly a factor, although reasonable people might debate how much of a factor. But with Fed officials mostly of like mind in thinking it is time to cut rates (see quote above), the question we find ourselves asking is whether it is finally safe to bet against Mosler. Or, to put it another way, “Is the U.S. consumer tapped out?”. Read more →

Back to all posts →