“Now is a particularly inappropriate time for President Erdogan to visit the United States”.
Author: therealheisenberg
To Believe In The Rotation Or Not To Believe…
…that is the question.
JPM’s Kolanovic, Deutsche Bank’s Sparks Don’t See Rising Yields As A Threat To Stocks – Yet
“The recent sell-off appears far too small to have material and persistent deleterious effects on equity”.
Trump Claims Impeachment Transcripts Are ‘Doctored’, Says GOP Should ‘Put Out Their Own Transcripts’
“Yeah, they’re gonna release the real transcripts”.
China’s Credit Growth Collapses
The engine of global growth and credit creation is stalling.
Things Go From Bad To ‘That Guy’s On Fire’ In Hong Kong, As Stocks Dive Amid Escalating Violence
Suffice to say tensions have escalated materially.
‘No Honor Among Thieves’: Mick Mulvaney Thinks Now Is Good Time To Join Suit Against ‘The Honorable Donald J. Trump’
Another wrinkle in an increasingly absurd soap opera.
Rex Tillerson, John Kelly Tried To ‘Save America’. But Don’t Worry, Nikki Haley Stopped Them
“The president didn’t know what he was doing”, they said.
With All Eyes On Bonds, Trump, Powell Will Both Speak On The Economy This Week
“He believes the United States will go on to exceed even its remarkable achievements of the past”.
As Recession Worries Recede, Investors Jump At Chance To Fret About 2020 Election
79% are some shade of worried.
Trump Casts Further Doubt On Trade Deal, Cites ‘A Lot Of Incorrect Reporting’
“They’re moving along much too slowly for me”.
Earnings Season Shows Corporate America Just Refuses To Roll Over
With nearly 90% of companies reporting, earnings season was better than feared.
One-Percenters Now Control As Much Wealth As Middle-, Upper-Middle Classes Combined
The benefits of this don’t accrue linearly, but rather exponentially.
‘2019 Has Been A Rollercoaster’: Duration ‘Round Trip’ Now Complete, Risk Is Trade Deal Falls Through
This may mean that the market has become too comfortable with the trade outlook.
‘There Was No Doubt’:Â Hill, Vindman Transcripts Describe ‘Sad’, ‘Shocking’, Sordid Ukraine Conspiracy
“There was no ambiguity. There was no doubt.”
Marko Kolanovic On ‘Groupthink’, Crowding And Why The Rotation Will Continue
“Two strategies that in theory should have little to do with each other” have been “nearly 100% correlated” recently.
China Responds: Phase One Deal Without Tariff Rollbacks Is Nonstarter
“What’s certain is that”…
The US Consumer Doesn’t Care About Impeachment – For Now, Anyway
“References to the impact of impeachment on economic prospects were virtually non-existent”.
Trump Figures Stocks Are High Enough Now That He Can Throw Cold Water On Trade Deal
Draw your own conclusions.
Spare A Thought For Gold. This Was A Terrible Week
Yellow doorstops are in the dumpster amid an otherwise stellar 2019.
Iran Shoots Down ‘Foreign’ Drone
“Residents of Imam Khomeini port city heard the sound of a missile being fired on Friday morning”.
China’s Yuan Rides Hot Streak Amid Trade Optimism. Exports Stabilize, But Imports, Car Sales Slide
There’s good news and bad news.
‘Yellow Brick Road’ Or ‘Rabbit Hole’? Bonds In ‘No Man’s Land’
So, which is it going to be?
Trump Wanted Nothing Less Than Zelensky To Say ‘Investigations’, ‘Biden’ And ‘Clinton’, George Kent Told Congress
Giuliani’s “allegations against former Ambassador Yovanovitch were without basis, untrue, period”.
Someone Who Is Almost Surely Peter Navarro ‘Fiercely’ Opposes Lifting Tariffs On China
You can always count on Peter…
3-Sigma Bond Rout Sees Yields Erase August Plunge, While Front-End Prices Out Trump’s Rate Cut Hopes
Rampant optimism is now reinforcing the Fed’s message that rate cuts are done.
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