Week Ahead: FOMC is NOT the main event this week

People are focusing on the wrong thing

Hey everyone,

I hope you had a good weekend!

A topic that comes up again and again is leadership. We always hear how bad leaders are destroying people’s lives or companies. This is on a company level and country level. I touched on this in the “country analysis” article I wrote (link). The main idea is that in any organization, leadership is the linchpin on which all productivity, value, and money are generated.

People like to focus on shiny products and catchy marketing tactics but for any durability and longevity, leadership is fundamental. I have worked under some amazing leaders and horrible leaders in my life. I am sure my future will hold some combination of both. A great book I am currently going through on leadership is called The Dichotomy Of Leadership. I would recommend it to each of you!

I will say this, when I analyze any company, country, or entity, I always look at the leadership. Perhaps I will do a future article on how exactly I break this down. Let me know in the comments if that is something you would be interested in.

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Macro:

As we move into this week, there are several key things that should be evaluated within the framework I laid out in the macro report:

First, we have FOMC and multiple labor market data prints:

There is already a lot of focus on FOMC for the bond market but I can already tell you that people have the wrong focus. There is a much bigger event this week that matters to the bond market.