Misses pretty much across the board.
Day: August 13, 2019
Closely-Watched Fund Manager Survey Is All Bonds, Tariffs And Recession Risk In August
“[The] onus is on the Fed, ECB and PBoC to restore animal spirits”.
As Manic Market Moves Metastasize, Mind The Liquidity Drought
A recipe for “fun”.Â
Jay ‘Behind-The-Curve’ Powell, And Why The Fed May Have To Start ‘Outright QE’
For the embattled Fed chair, no rest for the weary.
Nomura’s McElligott Explains What Tariff News ‘Very Clearly’ Means For US Stocks
“…this re-pricing lower in the VIX complex should drive powerful second-order impacts”.
US, China Engineer Massive Yuan Rally, Stock Surge, But Fed Outlook Still Cloudy
The cross-asset reaction to the latest tariff news was quite dramatic.
Trump Folds, Delays Tariff Hike On Key Consumer Goods Until December
“Certain products are being removed from the tariff list”.
Trump: China’s Currency Devaluation A ‘Gift’ To America, Farmers Better Off On Welfare
“…the administration is essentially providing welfare checks to affected farmers”.
Fed’s Job Gets Even Harder As Core Inflation Comes In Hot
For the second month in a row.
‘Goldilocks’ Has Left The Building – Again
Bad news is just bad. And cross-asset returns since the latest tariff escalation reflect as much.
Confidence In German Economy Flat Out Collapses In Dastardly ZEW Print
“A significant deterioration in the outlook”.
Hong Kong Goes From Bad To Worse As Property Shares Dive Into Bear Market Amid Airport Upheaval
It is just a matter of time.
