Chang’s Thought (2024.10.11): Live or Die
The NFP data released last Friday was very strong at +254k. There has been a lot of debate about whether the NFP adjustment is a government manipulation or not… but…
Chang’s Thought (2024.10.03): War and China/Global Liquidity
Iran – Israel Missile If there was one piece of news that really stirred up the entire market yesterday, it was the Iran-Israel war. There have been some red flags…
Chang’s Thought (2024.09.23): Cut and Recession
As expected, the Fed cut rates in this FOMC. My previous view was a 25bp cut, but my prediction was wrong, and the Fed cut rates by 50bp. If you…
Chang’s Thought (2024.09.10): Goldilocks
CPI data is released this week. You may feel tired of me repeating myself, but prices are still not that important. We have seen continued disinflation for nearly two years….
Chang’s Thought（2024.09.06）：Macro Storm
Hello, it’s the beginning of September! The third quarter is coming to an end and it’s time for everyone to get back to their desks. This week is likely to…