“Nope, never.” Which is the same answer we can all now safely give if asked the following question: “Will you ever trust this committee to conduct an unbiased investigation?”
“Indeed, the past few decades are replete with examples of gridlock and government inactivity being a fertile environment for U.S. financial markets.”
How obvious is this?
Warning: Sarcasm dead ahead.
“Snap is a ‘platform for the imagination’; fun place to spend time, which can be monetized.”
“In our view, the failure to push through healthcare reform by the GOP last week was possibly the best thing to happen to Trump trades since the inauguration. “
“Well, that was fast, if predictable. We’re referring to the conventional wisdom that has moved without a moment of self-reflection from declaring Donald Trump to be a dangerous fascist to a hopeless incompetent.”
The barometer for how the market feels about the US reflation narrative is flashing red…
“That’s it. It’s over. The HY bubble has burst.”
“We’ve come too far, there’s too much to lose!”
Are your stocks on the list?
At some point, everyone is probably going to get tired of talking about what Friday’s D.C. debacle means for tax reform, but as of Tuesday morning, that’s still front and center on investors’ minds. And don’t get me wrong, it’s not like this isn’t going to continue to be one of the most important issues going…
“And don’t let anyone try to tell you that stock-market pullbacks, including modest ones, are something investors and policy makers can now handle with aplomb. You can calculate financial-conditions indices with all sorts of back-fitted weightings but when stocks go down, everyone still goes into “The sky is falling” mode.”
Sometimes all you can do is throw up your hands and laugh.