Actionable analysis from one of the most legendary traders in history.
Thoughts on the Market/Macro Strategy Research by Andy Krieger, May 18, 2026 EXECUTIVE SUMMARY Multiple systemic fault lines are converging simultaneously in the global financial system — each individually significant, together potentially historic in consequence. The UK faces a fiscal and political crisis of the first order. The United States,
THOUGHTS ON THE MARKET by Andy Krieger In my recent newsletter of May 11, I wrote about the Australian dollar and how I am quite bullish on the various Aussie crosses. I specifically discussed the AUD/CAD cross as I expect the Australian dollar to significantly outperform the Canadian dollar
Thoughts on the Market by Andy Krieger May 11, 2025 The Federal Reserve has ended quantitative tightening, resumed balance sheet expansion, and held rates steady, all while inflation remains above target for the sixth consecutive year. Equity valuations sit at levels exceeded only once in modern history. Inflation expectations are
May 4, 2026 | Confidential — For Client Use Only Executive Summary War, Inflation, and Structural Market Fragility The global macro environment in mid-2026 is defined by an extraordinary convergence of forces that have created a dangerous divergence between market pricing and economic reality. While global equity markets hover near all-time highs
April 27, 2026 THOUGHTS ON THE MARKET I have decided to use a different format for this week’s Thoughts on the Market. Specifically, I am responding to a few questions from clients which warrant serious thought. What I found striking was the extent to which my analysis regarding these
