On a day when US President Donald Trump proclaimed on Twitter that the US government “needs a good shutdown,” Monday’s Credit Suisse interest rate strategy note, “End of spec short story,” is particularly timely. With a potential September government shutdown looming (although Government shutdown risk abating?), the interest rate analysis from Praveen Korapaty, William Marshall and Jonathan Cohn pointed to a Trump defeat over the budget agreement as the world navigates a US Federal Reserve contemplating reducing its bloated inventory of bonds while markets move higher in Europe. Near term removal of government shutdown risk positive for markets The…
End of spec short story
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.