Capital Flows
· Capital Flows
· June 17, 2026 at 01:22
· ⏱ 1 min read
| Read on Substack ↗
Summary
The newsletter argues that a Federal Reserve regime change under new Chair Warsh is fueling a credit cycle melt-up, with lower interest rates and increased risk appetite. This implies a bullish outlook for equities and a need for investors to understand interest rate mechanics to position portfolios correctly.
•The author claims the current macro environment is a 'credit cycle melt-up' driven by interest rate dynamics.
•Tomorrow's FOMC meeting will feature Chair Warsh's first press conference, which the author will analyze in real time.
•The newsletter promotes a proprietary report on the forward curve and inflation to explain interest rate and equity risk.
•The stream covers macro mechanics and drivers of interest rates to help investors gauge equity and rate volatility.