MBCC TH 15th Feb'24 - "Why does it matter when $VIX to IG credit ratio flashes - last piece of the missing puzzle? Did the Fed just get check mated with US retail sales?"

From 1H23 when ev economist was calling for recession…one didnt happen as Biden fiscal spend + Fed BTFP all masked the weakness and propped it up…

Today…1H 24…not 1 economist or investor is calling for any sort of slowdown..let alone recession…when positioning is so one way and Feds hands tied…we tell you what can happen in the next 4 weeks!