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…
Chang’s Thought (2024.07.26): Impact of Yen Carry Trade?
The stock market continues to see a large decline, and the VIX index is responding with a fairly strong rise. Volatility is currently very high, and the unwinding is stronger…
Chang’s Thought (2024.07.22): Start of Stock Market Correction?
VIX rose 30% from the bottom, while ES, NQ and megacap stocks saw rare big declines. There are always complex reasons why the market moves, but here are a few…
Chang’s Thought (2024.07.12): CPI Day
Today is CPI Day. The current macro environment, a combination of a slow but growing economy + disinflation, still persists. Today is the day we get further confirmation on that….
Chang’s Thought (2024.07.03): Bounce Weaker Than Expected
Yesterday’s JOLTs were hotter than expected, but Powell’s comments were nothing special. The most important events this week are NFP and unemployment rate. Wednesday’s ADP sometimes acts as a preview…