Cheap Convexity

Cheap Convexity

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Cheap Convexity
Cheap Convexity
Macro in a World of Conflicting Signals

Macro in a World of Conflicting Signals

Jon Turek's avatar
Jon Turek
Aug 18, 2021
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Cheap Convexity
Cheap Convexity
Macro in a World of Conflicting Signals
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One of the more interesting dynamics in macro right now is how hard it is for the market to get a feel for growth.

On the one hand, higher rates of inflation have brought risks of a faster removal of policy accommodation. Covid is not over, especially in Asia where risks of renewed supply chain pressures are building and lockdowns continue in Australia …

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