GDP/ Stagflation/ Electricity/ Random Charts
AI alone could drive electricity demand equivalent to adding another US economy in the next 5 years. If onshoring really picks up, the US could be headed for a similar surge in power demand.
Entries by Meraki Global Advisors
Shipments/ Fed Independence/ Favorite Post/ Most Popular
With all this tariff talk there has started to be quite a focus on shipments to the US, or lack thereof. Hard not see a chart of container, truck, or port utilization of late.
Debunking the Top Five Myths About Outsourced Trading
Over the past decade, outsourced trading (OT) has evolved from a niche offering to a transformative solution for hedge funds and investment managers. Outsourced trading helps firms gain access to specialized trading talent, navigate illiquid markets and new geographies, and convert fixed costs into scalable variable expenses.
The Tweet/ GDP Estimates/ VIX/ Jamie & Mark/ Next weeks earnings
A shortened holiday week which fortunately felt a bit less volatile in the markets, but not on the news flow side. Many consequential data points, but tying a cohesive narrative through them might be a bit of a stretch.
Nonetheless, we are going to give it a shot!
American Exceptionalism/ SCOTUS Risk/ Death Cross/ Differentiated Metrics/ 2 Final Thoughts
Plenty to unpack this week. Let’s take a step back and look at some basic charts.
Couple Charts to run through
Where to start after a week like that?
When market volatility explodes there is no shortage of content floating around. We thought going back to some simple basic charts for perspective might be helpful.
The $ has now round tripped its election move.
Consumer/ Commodities/ Levered loans vs High Yield
Fed Meeting
The Federal Reserve convened their scheduled March meeting this week. There were no expectations for any action to be taken, so the focus was largely on the commentary post the conclusion. We prefer to focus on one of the main outcomes, the DOT plot.
FOMC Meet/ Unemployment/ Delinquencies & Rejections/ GDP Estimates/ US CDS
Fed Meeting
The Federal Reserve convened their scheduled March meeting this week. There were no expectations for any action to be taken, so the focus was largely on the commentary post the conclusion. We prefer to focus on one of the main outcomes, the DOT plot.
What the UBS Outsourced Trading arm closure means for hedge funds considering alternatives
UBS recently shuttered its outsourced trading business, highlighting a key truth: bigger isn’t always better. When outsourced trading is a small part of a larger business, priorities can shift unexpectedly, leaving clients in a precarious position. UBS’s core business was never outsourced trading, so it’s unlikely it moved the needle on global revenues.
Consumer Expectations/ Dow Theory/ Revisiting Employment metrics
University of Michigan metrics were released today, and probably to nobody’s surprise they were weaker than estimates. At least 6 different consumer facing companies have mentioned they were seeing reduced consumer confidence recently, RH, DKS, DAL, UAL, KSS, and WMT.
