Alternative investments, macro, politics, economic developments.
Tuesday 1 May 2018
PCE numbers topping out?
PCE slowed to zero in March as Core-PCE pushed up to recent highs. Seems an industrial slow down may be on, lot of PMIs are off their peaks. Set against record short bond positioning a growth/ Iran conflict scare could trigger a clear out of the bond bears, although I do think yields will be higher and perhaps the curve steeper later in the year.