The Ambiguity Effect

Nov. 23, 2022 10:15 AM ETZROZ, GDXJ5 Comments
Macronomics profile picture
Macronomics
1.09K Followers

Summary

  • Introduction to the Ambiguity Effect.
  • “Make Duration Great Again”?
  • Equities: More pain ahead?

Business on Wall Street in Manhattan

Pgiam/iStock via Getty Images

“On the road from the City of Skepticism, I had to pass through the Valley of Ambiguity.” - Adam Smith

While we continue to watch the “domino effect” playing out in the crypto universe as a result

Itraxx Crossover

Itraxx Crossover (Bloomberg)

US High Yield YTD

US High Yield YTD (Macronomics - KOYFIN)

Global CDS

Global CDS (Macronomics - Datagrapple.com)

MOVE Index

MOVE Index (Macronomics - TradingView)

US IG YTD

US IG YTD (Macronomics - KOYFIN)

ETF HYG and LQD YTD

ETF HYG and LQD YTD (Macronomics - TradingView)

ETF ZROZ YTD

ETF ZROZ YTD (Macronomics - TradingView)

ETF ZROZ since 2010

ETF ZROZ over time (Macronomics - TradingView)

ETF ZROZ vs Gold

ETF ZROZ vs Gold (Macronomics - TradingView)

ETF ZROZ vs ETF GDXJ 1 month

ETF ZROZ vs ETF GDXJ 1 month (Macornomics - TradingView)

Gold and Gold Miners 1 month

Gold and Gold Miners 1 month (Macronomics - TradingView)

Banks tightening

Banks tightening (Bloomberg - Twitter)

US Corporate leverage

US Corporate leverage (Mike Zaccardi - GS - Twitter)

Earnings revisions

Earnings revisions (Bloomberg - Twitter)

Moderating expectations

Moderating expectations (Bloomberg - Twitter)

Analysts giving up

Analysts giving up (Bloomberg - Twitter)

ISM and S&P 500

ISM and S&P 500 (Michael Sandro - Piper Sandler - Twitter)

This article was written by

Macronomics profile picture
1.09K Followers
During my career I have had different roles within various banks, covering various products, from FX to High Grade Bonds. I have always been passionate about markets and particularly on Macro trends. I am currently working in different role in another company and still in contact with the credit market business.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

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