The macro weather model signals a risk-on reflation regime with a great short to medium-term outlook for stocks, gold, bitcoin, and commodities. Policy is running the economy hot (Paradigm C), creating reflation dynamics, rising neutral rates, and bond market imbalances that favor assets leveraged to nominal GDP growth and inflation, while the US dollar and bonds are expected to underperform.
The macro weather model signals a risk-on reflation regime with a great short to medium-term outlook for stocks, gold, bitcoin, and commodities. Policy is running the economy hot (Paradigm C), creating reflation dynamics, rising neutral rates, and bond market imbalances that favor assets leveraged to nominal GDP growth and inflation, while the US dollar and bonds are expected to underperform.
The macro weather model signals a risk-on reflation regime with a great short to medium-term outlook for stocks, gold, bitcoin, and commodities. Policy is running the economy hot (Paradigm C), creating reflation dynamics, rising neutral rates, and bond market imbalances that favor assets leveraged to nominal GDP growth and inflation, while the US dollar and bonds are expected to underperform.