Real Vision: Finance & Investing It’s Beginning To Look A Lot Like COVID! | Macro Mondays: May 11, 2026
8 snips
May 11, 2026 They compare today’s macro backdrop to 2021, highlighting liquidity and tech rally parallels. Rising input costs, supply‑chain pressure and an AI-driven chip squeeze get attention. Geopolitical shifts from a Trump–Xi meeting to thawing Iran and Ukraine talks are examined. China’s rare earths moves and decoupling hedges round out the conversation.
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Hantavirus Is Not A Macro Market Story
- Andreas downplays the hantavirus macro impact: only six confirmed cases and minimal human-to-human spread expected.
- He says it's unlikely to cause lockdowns and recommends not spending time on it from a market perspective.
Repo Liquidity Is Recreating 2021 Risk Dynamics
- US dollar liquidity is recycling rapidly due to the SLR reform, creating 2021-like risk appetite in non-profitable tech names.
- Andreas highlights repo mechanics: banks can reuse treasuries as collateral more easily since April 1, boosting leverage and asset purchases.
Position For A Near Term Energy-Driven CPI Spike
- Expect headline CPI near 3.7–3.8% with peak energy-driven inflation visible tomorrow and spillovers to goods ahead.
- Prepare for broader inflation to show in six to nine months as fertilizer and food price pressures work through supply chains.