Today's slide deck:  https://bit.ly/2UWYqpi   -

Today we look at the modest market stumble in the wake of terror attacks in Kabul and ahead of Fed Chair Powell's speech at the virtual Jackson Hole symposium later today, where we expect the Fed will prove more "hawkish", even if only between the lines, than this rather complacent market expects. Speaking of complacency, we offer new thoughts on novel ways to potentially hedge for a market downturn without inducing heavily negative carry costs, breakdown the latest on US treasuries and T-bills showing signs of nervousness on the upcoming debt ceiling and more.  Today's pod features Peter Garnry on equities, Althea Spinozzi on fixed income and John J. Hardy hosting and on FX.

Intro and outro music by AShamaluevMusic