This is a True Regime Change

We are observing a true regime change in markets.And for macro investors, it’s incredibly important to stay vigilant and on top of our game at this stage.
It all starts with this: the Fed is behind the curve, and it is playing with fire.
Consider this.The recently released US job report showed the US private sector is only adding an average of 96,000 jobs per month over the last 3 months.Such a weak pace of job creation has last been seen in summer of 2007.The last CPI report also showed another friendly and disinflationary print: core CPI raised less than 0.2% on a MoM basis which is a…