Sticky Inflation. Cheap Volatility. A Less Predictable Fed. Why Aren’t Markets More Worried?
This month on Last Call, Kevin Muir, Aahan Menon, Ben Hunt and Brent Kochuba break down the market through four lenses: macro, inflation data, narrative and options positioning. They examine whether midterm election volatility is underpriced, why inflation may be more demand-driven and persistent than headline data suggests, how the Fed's credibility has shifted under Kevin Warsh, and why options markets still look remarkably complacent.
Follow Last Call on Spotify
Follow Last Call on Apple Podcasts
Topics covered
Why ending Fed forward guidance could create more uncertainty…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.