“Everyone who enters his event horizon begins to not make sense. There is something terminal about coming too close to Trump. The list of casualties who have crossed the point of no return, and became permanently trapped on the other side, is getting longer every day.”
Month: June 2017
“Goldilocks And The 3 Hikes”
“However, just like in the fairy tale, this perfect scenario is unlikely to last.”
Video: Trump “Didn’t Say That” To Comey. But It’s Fine If He Did. But He Didn’t.
I didn’t say that.
I will tell you that I didn’t say that.
And there’d be nothing wrong if I did say it according to everybody that I’ve read today.
But I did not say that.
Guest Post: Palladium Short Squeeze!!
“You know the problem with fading a 4 standard deviation move? It’s almost always right, but not before it becomes a 6 or 7 standard deviation move…”
It’s Simple: “Buy What They Buy”
“It’s so simple.”
Video: Clapper Says Comey Testimony “Damning” For Trump, President Is “Assaulting” America
“The President himself has undertaken assaults on our institutions.”
Heresy! Goldman Says FANG “Mispriced”, Warns Of “Factormageddon”
“a group of five stocks which have been the key drivers of both the SPX & NDX returns year-to date. This outperformance, driven by secular growth and the death of the reflation narrative, has created positioning extremes, factor crowding and difficult-to-decipher risk narratives.”
Deutsche Bank Presents: An Updated Guide To The Low Vol Regime
“If there was sufficient loss of political support in the US for many of Trump’s policies such that the chance of successful execution falls towards zero, then central banks may need to return to the forefront of the deflation battle. Central Bank support for the economy was starting to lose credibility amongst some investors last year.”
Trump Says “Totally Vindicated” By FBI Director Calling Him Unhinged Liar, Thanks Fox
So on Thursday, James Comey explained what it’s like to work for the mafia. The
Let’s All Laugh At Theresa May’s Enormous Fuck Up: Full UK Election Post-Mortem
“People have said they have quite enough of austerity politics. The PM called this election because she wanted a mandate. Well, the mandate she’s got is lost Conservative seats, lost votes, lost support and lost confidence.”
Key Calls (Friday): Upgrades, Downgrades & Initiations
Are your stocks on the list?
Comey Satire: “I Heard Someone Screaming, And Then A Big Crash”
“The sound was consistent with that of a large object, such as a television set, being thrown through a closed window,†a Secret Service spokesman said.
The Only Brexit Chart You Need…
“What is the EU?”…
“That Bloody Brexit Referendum Fucked Us”: Pound Plunges On UK Election Turmoil
“It is becoming ever clearer that this country was completely fucked by that stupid bloody referendum.”
Comey Takeaway: Sen. Jim Risch Would Make A Terrible Hitman
Boss of family: “I wouldn’t mind if Johnny Roast Beef ended up at the bottom of a river.”Â
Risch: “I’m not sure I get what you’re driving at, sir.”
Guest Post: It’s Always Just A Question Of Price
“Throw enough cheap money at the problem, and people will find a way. I can’t tell you where. I can’t tell you when. But I am confident that eventually, people will borrow.”
Just 3 Charts…
Spot the odd one out…
Goldman Is Worried About America’s $2 Trillion Commercial Real Estate Problem
“In addition, over $1.1tn of CRE loans have been securitized and sold in commercial mortgage backed securities (CMBS) products, over half of which are held in non-agency securitizations that are not insured against credit losses.”
BofAML: The Idea That Stocks Will Continue To Rise Is “Wishful Thinking”
“With US companies seemingly reluctant to make major decisions on hiring and investment ahead of tax reform, with tightened financial conditions starting to bite into Chinese domestic demand, and with an escalation of political risks across the globe, it seems to us that the equity market may be too complacent about downside risk to global growth.”
Qatar In Crisis: A Guide To Markets, Sanctions, And Why A 20% Devaluation May Be In The Cards
In a week that was supposed to dominated by James Comey, Mario Draghi, and the
James Comey Got Whacked, The Question Is “Do We Care?”
“Despite this sparseness, or maybe I should say because of it, it is the most shocking single document compiled about the official conduct of the public duties of any President since the release of the Watergate tapes.”
Trader: “The Problem Is Ours”
“James Comey’s testimony has been portrayed as the making or breaking of the current presidency. Total vindication or that Perry Mason moment when he tearfully breaks down under questioning, repudiates his opening statement and confesses all. No one listening in today is going to budge one inch in their appraisal of our state of affairs.”
ECB Omits Guidance That Rates May Be Cut Further
“We expect interest rates to remain at their present levels for an extended period of time, and well past the horizon of the net asset purchases.”
SocGen: It’s A “Witches’ Brew Of Politics And Monetary Policy”
Did anyone tell you that today is “Super Thursday”?Â
China? China! Kuroda Contemplates His Exit, And Other Overnight Shenanigans
It’s “Super Thursday” and although the real fireworks (if there are any) aren’t set to
Key Calls (Thursday): Upgrades, Downgrades & Initiations
Are your stocks on the list?
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