LOCKED Macro Insiders: In Focus from Julian – Batten Down The Hatches

The employment picture is souring. The Fed is focussed on employment more than inflation. In response to economic weakness, rates and bonds anticipate 250bps of rate cuts in the next twelve months. Equities want to look through the storm to plain sailing in the future. Can they really? Julian thinks not.

___________

This content is only available to paying subscribers. If you are a paying subscriber, please log in below to access this exclusive content.

This research was published outside of your 8-week free trial period. Subscribe to gain access to all our research limitation free.

Start the Conversation!

0 Comments

Oldest

Newest Most Voted

Inline Feedbacks

View all comments

More Insights

Thoughts From The Divide: The Anti-Trump Trade (And Other Graceful Exits)

February 26, 2026

This is the final Thoughts From The Divide. It arrives as markets transition — not collapsing or accelerating, just quietly rewriting the narrative that drove

Thoughts From The Divide: I’ll have what he’s having!

February 19, 2026

A couple of weeks back, I mentioned the fact that both the Treasury Secretary and the President’s nominee for Fed Chair had both worked with/for

LOCKED Part II: The End of the Basle 3 “Endgame”

February 19, 2026

Summary In our previous note, “The End of Basel III Endgame” (Dec 16th, 2025), we argued that under the guise of curtailing the discretionary use

This research was published outside of your 8-week free trial period. Subscribe to gain access to all our research limitation free.

Thoughts From The Divide: The Anti-Trump Trade (And Other Graceful Exits)

Thoughts From The Divide: I’ll have what he’s having!

LOCKED Part II: The End of the Basle 3 “Endgame”

Social

Research

Legal

Get in touch

Office Hours