Earlier this morning, we noted that Japan tried to release a whole bunch of ostensibly important
Month: April 2017
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.”
Key Calls (Friday): Upgrades, Downgrades, & Initiations
Are your stocks on the list?
One Manager Warns: “Today’s Weapon Of Mass Destruction Is A 3-Letter Word: ETF”
“The weapons of mass destruction during the Great Financial Crisis were three-letter words: CDS (credit default swap), CDO (collateralized debt obligation), etc. The current weapon of mass destruction is also a three-letter word: ETF (exchange-traded fund). When the world decides that there is no need for fundamental research and investors can just blindly purchase index funds and ETFs without any regard to valuation, we say the time to be fearful is now.”
Does This Market Have Bad Brea(d)th?
“Some investors worry that the index’s earnings and price rely too heavily on a small number of companies, making the broad market vulnerable to a potential shock suffered by one of those firms.”
Don’t Look Now, But Something Cracked On Tuesday
One of the questions we’ve been asking for some time now is this: “when will
Caught On Tape: Alex Jones Admits He’s A Fraud – “It’s Satire!”
I’ll admit that I can’t quite decide how to frame the ongoing Alex Jones versus
“Don’t Believe The Hype”: 2 Charts Suggest Central Banks Are Not All Powerful
“It’s always a good idea to challenge preconceived notions by delving into the data. Sometimes we find our convictions are strengthened, which gives us the confidence to look through market noise. Occasionally, however, we find an answer other than the one we’re looking for.”
4,000 People Were Asked About Trump’s First 100 Days – This Word Came Up Most
Ok, so allow us to frontrun the criticism right off the bat by conceding that
Epic: One Strategist Explains Why This Market Is Like Wile E. Coyote
“A coyote walks floating in the air above the precipice, and it falls only after it looks down and becomes aware of how it has no support beneath its feet – as if it has momentarily forgotten the natural laws its body has to obey, and has to be reminded of them.”
“Amazingly,” This Trade Is Probably Going To Work However You Put It On
“Amazingly, that 110 bps increase in the percent of sales was the biggest acceleration in non-store retailing since we have data going back to 1993, and was as big as the prior two years combined.”
Guest Post: “The Chance Of A Melt Up Has Never Been More Intense”
“Yet too many investors mistakenly believe good old fashioned fundamentals still drive financial asset markets. Nothing could be further from the truth. Since the 2008 credit crisis, Central Bank flows have made a mockery of financial pricing theory.”
The Retail “Big Short” Goes Mainstream As WSJ Touts The CMBX 6 Trade
Well, it’s official. The CMBX 6 trade has gone mainstream. And predictably, just in time
Le Pen Stand-In Says It’s “Bullshit” You Keep Bringing Up That Time He Denied The Holocaust
“This is the first time I hear this kind of bullshit, I have no memory of it. Maybe I gave an interview but these are not my favorite subjects.”
Euro Jumps On Draghi “Diminished Risks” Remark – Then Gives It All Back
DRAGHI SAYS DOWNSIDE RISKS TO ECONOMY HAVE FURTHER DIMINISHED
Kuroda Shrugs, Twitter Lampoons Sweden, Deutsche Crumbles: Welcome To Thursday
Ok, so as detailed earlier this morning, the first thing you should note about the
Confused About Trump’s Tax Plan? Goldman Has Your Back With A Handy Q&A
“This suggests that tax legislation is unlikely to become law before Q4 2017. While enactment shortly before year-end is a clear possibility, we believe it is more likely to become law in Q1 2018.”
ECB Stays Put Following French Election
ECB LEAVES DEPOSIT FACILITY RATE UNCHANGED AT -0.4%
Fun Times: NAFTA Never Mind From Trump Makes CAD, MXN Jump
“It is my privilege to bring NAFTA up to date through renegotiation,” Trump said, adding that he “believes that the end result will make all three countries stronger and better.”
Key Calls (Thursday): Upgrades, Downgrades & Initiations
Are your stocks on the list?
BofA’s Shocking Admission: Here’s What Saved Us From “The Recession That Wasn’t”
“By nearly every measure – earnings, revenue, spreads, lending conditions and access to capital markets – the macro environment was one that was suggestive of negative GDP growth”…
Guest Post: Tough Day To Be Canadian
“It doesn’t really matter. For a while, investors will assume the rot spreads deeper than just one company. The entire Canadian real estate sector will now be guilty until proven innocent.”
“Flashpoints”: One Slide Sums Up Trump’s Key Geopolitical Hurdles
I’ve been a broken record when it comes to suggesting that geopolitics will become an increasingly important
Trump Goes Full-Autocrat: “I’m Absolutely Looking At Breaking Up 9th Circuit”
Oh, dear God. So remember all those times we warned that Donald Trump seemed like
How Long Can This Last? One Simple Reason To Favor Overseas Stocks Vs The S&P
It’s past the closing bell on the east coast which means most people have already decided to stop thinking for the day, so rather than run through the entire list, how about one easy chart?…
Trump’s “Phenomenal,” “Massive,” Tax Plan: Main Points
Well, here it is. A proposal. You decide how “phenomenal,” “massive,” “bigly,” etc. it is and, more importantly, how likely it is to fly on Capitol Hill.
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