“Itâ€™s critical for major clearing firms like Goldman to be prepared.”
“Donald Trump is walking himself right into a miserable trap. He and his putative “advisors” are apparently so blind to the severeÂ headwinds facing the financial markets and the deepÂ structural impairments plaguing the US economy that they have eagerly embraced a veritableÂ fairy tale.”
This might seem esoteric, but to the extent you care about Albert Edwards’ thesis with regard to whether a surprise BoJ tightening and the yen appreciation it would entail could end up being the black swan everyone is looking far and wide for, this is something you should probably keep an eye on.
After Tuesday, you might be in need of a palliativeÂ vis-Ã -vis your growing sense of angst about what effect the ongoing bond rout will have on your previously bulletproof collection of grossly overvalued equities.