The Narrative archetype “Supply and Demand” tm is typically trotted out to describe a market move that no one has a better answer for. It’s not particularly useful for a directional trade, though, as it is inherently cyclical and mean-reverting.
Yes, this is a note about oil prices. But more importantly it’s a note about all the changes in correlation and transmission to FX that have happened over the past few years.
Invasive species are a known “bad thing”. An organism that’s introduced to an environment and ruins it. So why don’t we do anything about them? And is there even anything we can do?
Recent major media stories that feel to us like they’re part of a larger Narrative campaign.
It’s important to recognize that a Big Trade is a long campaign made up of dozens of narrative battles and skirmishes. We won the first battle – and that’s great! – but now it’s on to preparing for the next.
Polls show that the majority of Americans are not happy about the choice between Joe Biden and Donald Trump that we are likely to face in the next election. In this episode, we discuss how we got to this point. We look at the embedded problems in our political system that favor incumbents and how it has led us to where we are today. We also look at the political strategy used by incumbents and how they attempt to stave off upstart candidates by altering the system itself.
Recent major media stories that feel to us like they’re part of a larger Narrative campaign.
Why did the Fed slap down Mr. Market’s expectations of massive rate cuts in 2024?
Because the most important thing for the Fed is not to be right, but to be believed.
Airbnb has reshaped how we travel and disrupted the hotel industry. But most of the stories from both guests and hosts reveal nothing but disasters. So what’s really going on? What’s the real story of Airbnb?
Recent major media stories that feel to us like they’re part of a larger Narrative campaign.