So, Mrs. Yellen, how were the 'shrooms, and have we just witnessed another 'Accord'?

The Blind Squirrel's Monday Morning Notes, July 17th, 2023.

Health warning: Speculation in this week’s note is well beyond your favorite 🐿️’s pay grade - hence a (very rare) outing for the 🐿️-in-tin-foil-hat meme.

• A rare outing for the 🐿️’s tin foil hat as we speculate as to whether or not ‘Games Master’ Janet Yellen just cooked up another ‘Accord’ (à la Plaza, Louvre (mid ‘80s) or Shanghai (2016) during her recent trip to Beijing.

• Mrs. Yellen needs treasury market strength ahead of her planned issuance. Xi needs a firmer currency ahead of any domestic stimulus. I may be completely wrong, but I think that both she and Xi (like what I did there?😉) came away from these meetings satisfied.

• This is also potentially good news for commodity bulls. Does it also have implications for our Long Energy / Short Tech equity encore?

• Acorn Reviews are back after the holiday break.

So, Mrs. Yellen, how were the 'shrooms and have we just witnessed another 'Accord'?

First up, a health warning. I have access to the same information as the rest of you, so pl…