Jonny Matthews focused on consumer strength versus inflation and labor-market signals across the US, UK, and Japan. He highlighted resilient US retail spending and a solid US labor market, contrasted with stagnant UK retail volumes and falling vacancies, and framed Japan’s yields as driven by inflation expectations rather than fiscal pressures 12453. He teased implications for policy: a strong US job market could keep the Fed focused on inflation, while UK data raised questions about consumer fatigue; in Japan, breakevens and nominal yields underscored shifting inflation dynamics 243.
From the window to Jun 1, 05:30 ET — this window's take is still to be written.
On the record
last 30 days · 4 positionsLatest positions
- JMJonny Matthews | SuperMacro · on the show, speaker unnamedStrongly bearish on treasuries Matthews has been consistently short treasuries and says today was payoff day. “We have been banging the drum about staying short of treasuries – couldn’t have been clearer in the podcasts – and today was payoff day.” Open the post Payoff Day The latest S&P Global composite PMI f… · 23 Sept
- JMJonny Matthews | SuperMacro · on the show, speaker unnamedBearish on bonds Matthews warns against buying heavily into bonds now, implying he expects bond prices to fall. “Now is not the time to load the boat with bonds” Open the post Now is not the time to load the boat with bonds … · 11 Sept
- JMJonny Matthews | SuperMacro · on the show, speaker unnamedBearish on bonds Warns against loading up on bonds, implying he expects bond prices to fall. “Don't load the boat with bonds” Open the post Don't load the boat with bonds https://t.co/5cO7… · 10 Sept
- JMJonny Matthews | SuperMacro · on the show, speaker unnamedStrongly bearish on bonds Matthews calls bonds a trap, i.e. he is bearish on them. “Bonds are a trap” Open the post Bonds are a trap https://t.co/13CW8IT8Un · 8 Sept
Their output
11 in September 2026Stories it travels in
i
The stories
- ○ a voice, on the left
- ◌ a voice raising half of these
- ● a subject, on the right, under its story
- ⌒ a line is a voice raising a subject — thicker, more items; colour is the story
The stories this entity travels in: on the right, each story with the subjects seen alongside it; on the left, the voices that raised them, and a line for every subject a voice raised, bundled by story. Tap a voice to light everything it raises, a subject for who raised it, a story for its own lines. The crumb goes back.
Who brings it up
- Joseph Wang 1 mention
What they talk about
- bonds 3 items
- Kevin Warsh 2 items
- bond 1 item
- S&P Global 1 item
- S&P Global composite PMI 1 item
- AI 1 item
- military spending 1 item
- UK 1 item
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