Billionz Multi-Asset Weekly Newsletter
Staying Invested Through Global Market Shifts Global Developments: Reopening of the Strait of Hormuz and passage of vessels through the Strait drove down energy prices and therefore inflation expectations and global bond yields. De-crowding in Semicondictor names pushed US equities lower, stoking a contagion in Asian chip manufacturers as well, especially in Korea. Dollar strengthened despite lower US yields as confidence in Fed’s commitment to reigning in inflation was restored after Kevin Warsh’ first policy. Stronger Dollar pushed the commodity complex lower in general. Key data point to look forward to in coming week would be the US June labor...










