Being White House press secretary is hard…
Month: April 2017
If The Curve Doesn’t Get Steeper Soon, One Strategist Is Going To Lose His Mind
So you should care about the evolution of rates strategists’ forecasts for the yield curve
Was Q1 GDP “Grossly Distorted”? Oh, And We’ve Been Long RVs Since Day One
Right, so earlier today we got the first read on Q1 GDP and it wasn’t…
If You Buy The “ETF ETF,” You’ve Gone Full Retard – Here’s Why
I’ve written a more polite version of this elsewhere, but I think it deserves to
As North Korea Fires Missile, Here’s What Kim Jong-Un Doesn’t Seem To Get
I’ll confess that at this point, I’m not entirely sure what Pyongyang is thinking. There’s always
Goldman Presents The Great “Fade” Trade
“This phase peaked at the end of January this year – we have entered a ‘reflation pausation’. We think this is the result of a combination of worries: (1) Disappointing hard data vs. soft data so far, in particular core CPI, (2) commodity recovery fading and base effect on headline inflation rolling off, (3) Trump optimism fading, (4) European politics moving into the hot phase, and (5) first signs of growth momentum slowing.”
Guest Post: The Last Remaining Cheap Asset
“My delusions about my mad bbq’ng skills are similar to everyone’s belief they are contrarians. Whether it is the NYSE specialist, the Chicago pit local, the Bay Street equity trader, the London credit specialist, or even the guy at home trading in his underwear, we are all consumed by these romantic narratives where we bravely battle the naive masses to nail the next great trade. But the reality is that we can’t all be contrarians. If we were, then it wouldn’t be contrarian”…
Sell In May? One Strategist Looked At The Evidence
“The results suggest caution for U.S. equity investors next month, with a forecast return of -1.3%. Since 1991, there have been seven prior negative forecasts for May. The average return of those months has been -1.29% with a median of -0.91%. Four of the seven delivered negative returns.”
Does This Chart Show The Market Is Too Negative On Tax Reform?
Or it “might be,” that trotting out a double-spaced one-pager that looks like it walked out of a high school student’s Trapper Keeper and calling it the most important tax plan in the history of the country further underscores how truly inept this administration is.
‘Liz Warren Keeps It Real: Blasts Obama For Wall Street Speech, Clowns O’Reilly
“Ohhhh! Sweet! Sweet.”
GDP Misses – But Hey, It Could Have Been Worse
U.S. First Quarter Advance GDP Grew 0.7%; Est. 1%.
Euro On Track For Best Week Since June After Inflation Hits ECB Target
Earlier this morning, we noted that Japan tried to release a whole bunch of ostensibly important
Japan Tried To Release Some Data – And Then Along Came Trump With A “Major, Major” War
Friday is a data-ish kind of day. And while it’s pretty hard to make that interesting
Trader: The “Only Option” Is To Be Optimistic
“It might be that the narrative has become so negative that, soon, the only option will be for optimism to increase.”
