Further policy reversals : China / JPN eco revision softer, JPY ⬇️ & NIKKEI #AUDJPY⬆️ / #SHCOMP #HANG-SENG turning ⬆️ #NVDA smashed it

Fed Minutes : high for longer kind of message AND minutes suggest QT is going to continue longer than expected, ie possibly well into 2025.... NVDA 'smashed it', rebounds sharply after hours (10pct or so down previous couple of days, and right back up after earnings as per implieds), weak JPN data weakens JPY further pushing Nikkei higher to new highs again. Nestle softer sales, MSFT to turn to Intel, Rivian weaker outlook

Maybe monetary policy isn’t all that tight,’ former NY Fed's Bill Dudley says

Fed’s Barkin says Inflation data show persistent price pressures

Fed's Bowman: The time for lower rates is certainly not now

Long-end UST's : ''If not for our experience of the aftermath of the financial crisis, I don't think too many would think current long-term rates are a GREAT buy here. Breakevens are still too low and real rates are clearly not hurting the economy. For now, going long should just be a trade''

The ECB announced that it will take a decision in March on the very important issue regarding the future operational framework to use a policy rate to influence the interbank overnight rate. The decision is also linked to the issue of the future size of the balance sheet/Thread

JPMorgan’s Kolanovic doubles down on bearish stance, says a ‘second inflation wave’ could take hold

China tightens grip on stocks with net sale ban at Open/Close. CSRC bans net selling by major firms in first, last 30 minutes. Regulator is creating a task force to track short selling and another reversal of policy, 2year ago they arrested Jack Ma and now : 'China accelerates drafting of law on private economy promotion'...

Japan downgrades view on economy on consumer struggles >> sign that JPY can continue to stay soft/weaken further on higher UST yields

Cerrado: Beef trade risks key Brazil ecosystem - campaigners

Microsoft is turning to Intel — not Nvidia — to make more chips

French Manufacturing Confidence Feb: 100 (est 99; prev 99)

Markets : weaker JPY theme continues, NVDA lifts everything back, NIKKEI new highs, even SHCOMP and Hang Seng showing promising signs technically, and if you think China and global growth can recover (no landing, yet anyway), then this should be of interest