Chang’s Thought（2024.08.27）：Puzzle Pieces
Memo for the last week of August I want to give you a rundown of the key events and key takeaways that will be announced in the coming days and…
Chang’s Thought（2024.08.23）： The First Cut Is Close
There was nothing surprising in the FOMC minutes released yesterday, other than the clear signal that a rate cut is near. The Fed said they would continue to monitor the…
Chang’s Thought(2024.08.16): The storm is coming to an end?
BTC was weak on the CPI release, but the data seems to have passed without much concern. The ex-shelter 1.7% and YoY 2.9% again confirmed that the disinflationary trend is…
Chang’s Thought (2024.08.09): After Black Monday
[ I hope you all survived ‘Black Monday’. ] NIKKEI has fallen at an incredible rate since Monday morning in Asia. Last Friday, VIX rose 40%, which I found unusual….
Chang’s Thought (2024.08.02): Good is Good, Bad is Bad
Let’s start with the July FOMC. I personally had no expectations of the Fed cutting rates at this FOMC because they are afraid of making mistakes and don’t like to…