Testing investors’ deeply-ingrained Pavlovian dip-buying instincts…
Author: therealheisenberg
Inflation In China Surges Again, While Producer Prices Climb Out Of Deflation
All of this comes with a caveat.
A Health Crisis, A Fed Chair, A New Bubble And One Largemouth Bass
“One might, perhaps, see the recent price-action of the Tesla as supportive of this idea.”
Stocks’ Immunity To War, Pandemics, Saps Active Managers’ Joie De Vivre
There’s still hope for stock pickers, though.
Revisiting The Ultimate In Ironic, Tragicomedic Fed Outcomes For 2020
It’s almost fatalistic.
Excerpts From Canada’s Forgotten Tale Of Financial Calamity
“I believe the situation we find ourselves in is analogous to a tsunami coming.”
A Correlation Flip, And A Quick Recap Of Charlie McElligott’s 2020 Macro Outlook
Once we get beyond the virus, we’ll be back pondering the same, familiar dynamics.
A Virus Stole My Reflation Trade
These are the kinds of headlines which have made investors reluctant to carry risk into the weekend.
Hours After Removing Purple Heart Recipient Alexander Vindman, Trump Fires Gordon Sondland
“There is no question in the mind of any American why this man’s job is over”.
Emerging Market FX Looks Vulnerable As Commodity Plunge, Virus Worries, Idiosyncratic Risks Are Noxious Mix
A helpful reminder at a delicate juncture.
The Coronavirus Infects Fed Communications
“The recent emergence of the coronavirus, however”…
‘We Have To Be A Little Wary’: Jobs Report Marred By Revisions, Overshadowed By Virus
“Markets appear sanguine, but at the very least”…
Jobs Report Blows Through Expectations As Labor Market Heats Up Anew
This topped even the most optimistic estimates.
Germany, Which Runs A Surplus And Can Borrow For Free, Posts Worst Industrial Production Plunge Since Crisis
The YoY print was, in a word, terrible.
Palpable Angst, ‘Deep Regret And Condolences’ As Virus Fears Return
Xi, meanwhile, has a public relations problem on his hands.
The Best-Laid Plans Of Mice, Men And Monetarists
It is (past) time for a fiscal solution.
The Macro Case For Buying Stocks After This Week’s Surge Is Very Weak Indeed
A deeply-ingrained Pavlovian instinct…
Albert Edwards: The Ice Age Is Nearing The End (Because Helicopter Money Is Coming)
After surviving an earthquake and narrowly dodging a tsunami…
‘Horror Show’: Germany Posts Worst Factory Orders Drop In A Decade
There’s no way to spin this.
Incredible Global Rally Continues, As Tariff Non-News Resonates In Risk-On Environment
Go higher and never stop.
Eye-Popping.
New virus numbers, surging stocks, tumbling Tesla and a VP on the ropes.
Mitt Romney Votes To Convict Trump. Senate Acquits On Both Charges
So, acquittal it is.
The Daisy Chain, ‘Crash-Up’, Equity Slingshot Setup Is Back In Play: McElligott
This makes the market especially “vulnerable” to good news.
Trump’s Economic Narrative Gets Another Boost From Ridiculous ADP Blowout
The best number since May of 2015.
‘Sooner The Better’: Central Banks Hand Out Antivirals In Southeast Asia
“Adjustments” are needed.
‘Extreme Bullishness’: Risk Assets Vaccinated
Of course, it’s far too early to sound the all-clear.
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