Global Macro Strategy

Executive Summary The United States economy is at a critical inflection point. While nominal growth is robust, largely fueled by the One Big Beautiful Bill

Executive Summary ●      The global financial architecture is undergoing a structural pivot from Monetary to Fiscal Dominance, effectively rendering the “Fed Put” for sovereign debt

Executive Summary ●      The central bank put has been replaced by $260 billion in retail capital in Fixed Maturity Funds and non-traded BDCs, creating a