As expected, last week was an interesting one, not only for economic developments but also for how politics and geopolitics are impacting economic policy. Amidst it all, markets continued to distinguish between sovereign developments and corporate valuations. Traditional correlations remained under stress, with both "risk-on" and "risk-off" assets seeing further price gains. Having lost the first attempt to keep Governor Lisa Cook away from this week’s Federal Reserve policy meeting, the Trump Administration appealed the decision, asking the courts to rule before the start of the FOMC meeting on Tuesday. Incoming ... (full story)