“This week the market struggled to readjust its expectations for US government policy following the move away from health care reform. Client conversations make clear that investors fall into two camps: The first group worries that the failure to “repeal and replace†the Affordable Care Act is a sign that other items on the policy agenda are less likely to be enacted than they had hoped. Others are encouraged about the shift in focus to tax reform as the new top priority for the administration.”
Month: March 2017
What Caused The Q1 Rally And Why It Can Continue: Deutsche Bank Explains
So in Q1, you did some dip buying, didn’t you? Just admit it. I mean somebody sure as hell did, because as Deutsche Bank notes,
Not The Onion: Trump Declares “National Sexual Assault Awareness and Prevention Month”
“As a Nation, we must develop meaningful strategies to eliminate these crimes, including increasing awareness of the problem in our communities, creating systems that protect vulnerable groups, and sharing successful prevention strategies.”
Heisenberg Effect Hits Hard: Scotch, Cocktail Demand Plunge, Goldman Gives Up
It was just a matter of time before all of this came full circle and hit the market most affected by the great Heisenberg sobriety push: liquor.
What Do Government Bond Yields Know About The French Election That Everything Else Doesn’t?
“It would appear that the OAT-Bund spread is lagging relative to volatility measures in equity markets in response to the reduction in French election risk.”
“I’m At A Loss For Words”: Diplomats Instructed “Not To Make Eye-Contact” With Rex Tillerson
“On many days, he blocks out several hours on his schedule as “reading time,†when he is cloistered in his office poring over the memos he prefers ahead of in-person meetings.”
Friday Humor: Sean Spicer Explains The “Phenomenal”
Think back to February 9, when Donald Trump was telling airline executives about how they’ve “done an amazing job,” and about how, much like the President himself, they’re “under pressure from a lot of foreign elements.”
Did Credit Investors Just Give Up On The Trump Agenda?
A couple of days ago in “One Word And One Word Only: ‘Duration’,” we noted that when central banks pull the punch bowl, you’d better
D.C. Demystified: One Simple Chart
“Doing big things is hard.” That’s what Paul Ryan said following the GOP’s bungled attempt to “repeal and replace” Obamacare. Of course Paul Ryan already
“Big Short” Redux? Steve Eisman Is Worried About Subprime Auto
We’ve been pounding the table on subprime auto and the extent to which that odious debt has been embedded in the system via Wall Street’s
Here’s Why You Should Have Stayed In Bed: Inflation Hooray, Bill Dudley Edition
On Friday morning we got some data you probably don’t care about. Or maybe you do care, but I’d be willing to bet you didn’t roll
Wall Street Journal Warns: Don’t Trust The Flynn “Innuendo” We Published Last Night
Jesus folks, a little obstruction of justice on the way to aiding and abetting treason never hurt anyone, right?
Trump: Flynn Needs Immunity From “Historic,” Bigly, Big League, Tremendous “Witch Hunt”
“It’s funny because it’s treason.”
It’s The End Of The Quarter, Do You Know Where Your Money Is?
“While the Bloomberg Dollar index edged up to the highest level in more than a week on Friday as supporting month-end flows outweighed profit-taking interest after yesterday’s rally, this is still on track to be the worst quarter in a year for the index. By contrast, gold is heading for its best quarter in a year.”
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