Asks if market moves are related to Kevin Warsh Fed chair expectations.
Matt Miller
Michael Snead
January has seen large asset moves and it's natural to see consolidation at month-end with higher uncertainty.
Michael Snead
Economic outlook is strong and warrants no further cuts from the Fed this year.
Michael Snead
Market has already priced out near-term rate cuts from the Fed but continues to price in a rate cut bias.
Michael Snead
Favors long US software versus semiconductors as a contrarian play.
Michael Snead
Favors short copper as a tail-risk position tied to data center buildout story.
Michael Snead
Risks to data center buildout include constraints in power creation and transmission, not demand.
Michael Snead
Expects dollar weakness to continue, particularly Eurodollar with target of 122.