Modern Macro Technologies
Research · · 3 min read Members

03/13/2025 Market Update

Ten percent off the February high with none of the usual volatility spike. The update works through the case for a negative-gamma feedback loop, the debt-ceiling clog in Treasury issuance, and macro data — gold, the dollar, European equities — pointing the other way.

Douglas
Market Update — Thursday, March 13, 2025
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