TME Weekend: Will Powell prevent a “scarytale” ending?

Approaching the point of peak restraint from last October

The tightening in the GS financial conditions index since August has been equivalent to about 75 bps of Fed rate hikes; also note we’re approaching the point of peak restraint from last October. All eyes are on the fed now. Will Powell prevent a “scarytale” ending?

Source: GS

A small ‘canary in the coal mine’

Source: Macrobond

Sad banks

Source: @barchart

The unreliable defensive

Source: FactSet

The last economic hurrah

Source: Jefferies

Tails, range and tactical trading

$5bn per day.....soon a distant memory?

Source: @WallStHorizon