Region: North America

Carney’s China gambit baits Trump. Still lagging the majors. Two headwinds, one amplifier.

Positioning into the FOMC. Retail resilience. Still no break from 1.17.

Diminishing returns. A courageous stroke of geo-economic arbitrage. Sterling’s bounce meets macro reality.

Dollar stumbles as trade risks multiply. Still clouded by tariffs. LatAm as tariff hedge?

King Dollar’s heavy golden crown. Sticky inflation, stagnant outlook. Rally resumed.

Trading Detroit for the Dragon. Tariff certainty is a myth. Rally resumed.