Craig Shapiro on Risks Ahead for Equities and a Weakening Dollar
Craig Shapiro, macro trader and Founder of the Althea Narrative, provides general market commentary today on the back of payroll revisions and a look ahead at Mr. Powell from Wyoming. They discuss the recent rebound in equities after a spike in volatility, the surprising speed at which volatility has come back down, and the divergence in volatility across different asset classes. They also touch on the recent FOMC meeting minutes and the revisions to non-farm payrolls, as well as the potential for rate cuts by the Fed. They discuss the weakening dollar and the potential risks it poses to equities, as well as the upcoming election and its impact on the economy.