“Greenspan actually believed that all those analysts making these high and higher LT eps forecasts independently couldn’t be wrong”.
Author: therealheisenberg
Investors Who RSVP’d For World War III Now Ditching Gold, Yen
Who needs insurance when the shooting war is called off and the trade war is on hold?
Inflation Comes In Cool, Underscoring Fed Patience
The narrative persists.
Nomura’s McElligott: ‘It’s Getting Hot’, But ‘Perpetually Easy’ Fin Conditions ‘Keeps Train Rolling’
The proximate cause is no secret.
JPMorgan Beats As FICC Is Predictable Blowout On Easy Comp. Dimon Cites ‘Complex Geopolitical Issues’
“We face a continued high level of complex geopolitical issues”.
China’s December Trade Data Breezes Past Expectations
This is ostensibly helpful for the reflation narrative.
Skeptics Flag ‘Simply Ludicrous’ Stock Valuations, ‘Unprecedented’ Divergence Amid Central Bank Support
…depending on how hard the Fed wants to punch, that is a fight that is difficult to win.
Don’t Call It A Bubble: Nasdaq Floats Off Into Stratosphere As ‘Other 1 Percenters’ Conjure 1999 Parallel
When it rains bullish catalysts it pours, but under the hood, questions linger around the reflation narrative.
In ‘Dramatic Shift’, US Credit Investors No Longer Fear Recession
In other words, there’s a sense in which recession fears really aren’t “elevated” anymore.
Suddenly, China Isn’t A Currency Manipulator Anymore
And therein lies the irony.
JPMorgan Asks: Is This The January 2018 Melt-Up All Over Again?
…it’s not hard to create scary-looking visuals.
Need Some Troops? Donald Trump Will Literally Sell You Some For $1 Billion ‘In The Bank’
“I’m gonna send ’em to you, but you gotta pay us”.
‘Boris Bounce’ In Jeopardy As BOE Doves, Dour Data Trigger Pound Pain
Remember, the UK still needs to negotiate a post-divorce trade deal with the EU by the end of the year.
Big Week Starts With Key Assets Looking To Retrace 2019’s Trade War Moves
As Trump would say: “We’ll see what happens”.
Pelosi: Mitch McConnell Complicit In Cover-Up, Americans Will Eventually Hold Him Accountable
“Everything he says about someone else is a projection”.
Senator Mike Lee To Jake Tapper: Soleimani ‘Four Embassies’ Story Is ‘News To Me’
“I didn’t hear anything about that”.
The Earnings Recession Is Finally Here. Apparently, That Just Means Buy Stocks
We’ve been over this before
Reflation Trade Faded In 2020’s Opening Days As Reversal Strategy Is ‘Bang-On’
Maybe the “slow-flation” trade isn’t a “relic” after all.
Peter Navarro: Until The Bond Market Starts Caring, Trump Can Balloon The Deficit
“I was born, Peter, of an age, when the Republican party was the party of fiscal prudence”.
‘Mind The Lesson From 2008’ As Private Asset AUM Booms Despite Hedge Fund Underperformance
“While warehousing more illiquidity risk is not a problem for long-term investors in normal times”…
Repo Apocalypse Was Averted. Now What?
“It is too early to break out the ‘mission accomplished’ banner”.
‘Khamenei Is A Murderer!’ Iranians Protest After Government Admits ‘Unforgivable Mistake’ In 737 Disaster
“The Islamic Republic of Iran deeply regrets this”.
Powell In 2014: The Dot Plot Is A Lot Like Chernobyl
“Plain English”.
Trump To Laura Ingraham: ‘Don’t Think’ Americans Have Right To Know Why Soleimani Was Killed
“I can reveal that I believe it would have been four embassies”.
Pompeo, Mnuchin Essentially Outlaw Iran’s Entire Economy
More “maximum” pressure.
Iraq To Mike Pompeo: Get Out. It’s Time For America To Leave. We Mean it.
“Send delegates to Iraq to prepare a mechanism to carry out the parliament’s resolution”.
Nomura’s McElligott: ‘It Would Take An Enormous Macro Shock’ To Tip Systematic Dominoes
“This VERY ‘Long Gamma’ dynamic continues to act as a market shock-absorber”.
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