There have been all sorts of labored attempts to explain how this isn’t all Trump’s fault and because nothing is ever entirely attributable to a single factor, those efforts are not totally in vain. That said….
Day: September 13, 2017
Chart: This Is Now The 3rd Strongest Bull Market In History
Something about “the bigger they are”… I forgot the rest. I think it’s: “the bigger they are, the more aggressively you buy any dips.”
You Should Have Just Gone To The Bar.
Generally speaking, this week’s theme (reflation back on in the U.S. as stocks, the dollar, and yields all rise in tandem) held, as there was no news “bigly” enough to change the narrative.
Bitcoin, Meet Gandalf: Kolanovic Says Cryptocurrencies May Be Pyramid Schemes
Apparently, some folks at JPMorgan were listening when Jamie Dimon threatened to fire anyone caught trading Bitcoin for “being stupid,” because none other than Gandalf himself is out with a new note on cryptocurrencies and he doesn’t paint a particularly flattering picture.Â
‘Red Hot’ Mueller ‘Zeroing In’ On Russia’s Use Of Facebook, Twitter: Sources
Mark my words: you’re going to wake up one day a year or so from now and discover that some of the sites you frequent have been shut down – permanently.
Taxpayers Are Spending $38 Million A Day On Pretrial Incarcerations
“…someone’s ability to afford bail decides who returns home to wait for their day in court, rather than whether they pose a threat to the community. This is more than just a miscarriage of justice — it constitutes a threat to public safety.”
High Frequency Data Shows The Dramatic Impact Of Harvey On Retail Sales
“We estimate that the net reduction of spending in Texas sliced 0.1-0.2pp from the monthly growth rate of total retail sales ex-autos in August.”
Breaking: September 25 Is The New Date For Abject Failure On Tax Reform
Well, fast forward another five months and we’re supposed to believe that all will be revealed in less than two weeks.
A New Global Trend Or Just Maple Syrup On Bacon?
“I can already hear the guffaws from all my hard money readers. The last thing the government needs to do is spend more money is what they will say. We need to save more, spend less, and tighten our belts. Well, that has been tried.”
It’s Hard To Quit.
Because then you’ll be actively contributing to the vol. spike (by selling assets or letting them roll off the balance sheet) and passively contributing to it as well by removing the “put” that incentivizes investors to buy dips and suppress volatility.
‘The Trump Premium Has Drained Out’ – Goldman Has A Trade For You
But for the enterprising among you, that probably means there’s some upside asymmetry here. Just know that if you take that trade, you’re effectively betting that Gary Cohn won’t ultimately leave the administration…
Dear Steve Bannon: It Doesn’t Get More Mainstream Than 60 Minutes
“It’s a combination of stunning calculation and deep irony,†said Frank Sesno, director of the George Washington University School of Media and Public Affairs, speaking of Bannon’s appearance on “60 Minutes.â€
Key Calls (Wednesday): Upgrades, Downgrades & Initiations
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