Fx Primus Rebates

S&P 500 rises to highest since May 24

S&P 500 rebounds from tariff worries It’s a new month, so flows are always dominant but I’m shocked that the market is so sanguine about tariffs. The EU, Canada and Mexico have announced retaliation or the intention to retaliate. The US has promised to retaliate to the retaliation. 

Fx Primus Rebates

The annotated Trump non-farm payrolls trade

Trump tips off a strong jobs report, the market front-runs it You know who loses out in leaks? Retail traders.  Now in this case, you can argue that everyone got to see Trump’s tweet at the same time and it’s fair. Fine. But the problem here is that the executive gets to see the numbers…