Managing Director - Market Strategy @DiamondStandard 💎 18yrs Global Macro/FX Wall St. ex: FRB. Marathoner. @columbiajourn Views = own. @USNavy @USNATO spouse
Jul 10, 2023 • 6 tweets • 1 min read
Thoughts on precious metals (thread): PM investors are keeping an eye out for the peak fed funds rate - the timing of which has been more difficult to pinpoint than originally thought. Consensus has continually missed the mark on this prediction - both level and timing.
The peak will likely signal a subsequent turn in US rates and also USD, both of which would support precious metals. However, as the US economy remains resilient, one of the risks to that view is that while the Fed could stop hiking, US rates could stay higher for longer.
Mar 19, 2023 • 9 tweets • 2 min read
THREAD: Fed funds futures on Friday had the peak in the terminal rate priced at 4.83% in May and had approximately 85bps of rate cuts expected this year.
Contrast this to pricing last week on March 8 - day pre-SVB troubles. On March 8, Fed funds futures priced peak terminal rate at 5.69% in September and had only 13 bps of cuts priced by year-end. Quite a turn-around.
Oct 26, 2022 • 7 tweets • 3 min read
I am happy to share that that I have joined Cormac Kinney and the brilliant team @DiamondStdCo , as Managing Director – Market Strategy (thread).
Diamond Standard has unlocked diamonds as an investment asset by creating the world’s first and only regulator-licensed diamond commodities – the Diamond Standard coin 💎and the Diamond Standard bar 💎