Our Watchlist Week
A few things we are monitoring:
The Fed began treasury bill purchases on DEC 12. (QE)
Oracle CDS are blowing up in a bad way.
Despite near-term volatility, the broader equity backdrop remains constructive
Last week we outlined several developments:
Global 10-year yields continued to move higher, with U.S. Treasuries following as expected, reinforcing the view that rates pressure remains a macro headwind.
Energy constraints in AI became more visible, confirming that power availability — not compute — is emerging as the true bottleneck. Infrastructure-linked beneficiaries remain in focus.
The Gold-to-Silver ratio fell further, extending its move to new 2025 lows.
Japan’s rapid rise in short-term rates intensified stress on the carry trade, contributing to dislocations across crypto and other leveraged risk assets.
GMG Collectibles is here!
If you’re interested in this space, CLICK HERE or email us at gmgmacroresearch@gmail.com to be added to our collectibles list for updates when we go live with buying, selling, investing, and publishing research on the collectibles market.
We’ve been pounding the table on this for over two years: don’t overlook collectibles — sealed Pokémon, Magic: The Gathering, One Piece, and even Counter Strike skins have delivered exceptional returns and continue to perform strongly.
This spooked the markets a little bit last week. Projections for more rate cuts into the new year are fairly hawkish. But this is expected. The Fed cannot play all their cards at once.
