Markets are caught between cross currents, and the thesis for a stronger USD / sticky inflation seems as valid as the thesis for gentle disinflation / slower growth. Brent and Alf discuss what the next big macro trade could be.

Want access to Alf's institutional macro research? Ping him (Alfonso Peccatiello) on Bloomberg or send an email at alf@themacrocompass.com

Want access to Brent's research notes? Ping him (Brent Donnelly) on Bloomberg or visit https://www.spectramarkets.com/am-fx/

Transcript: https://www.spectramarkets.com/tmtf-transcript-20feb25/