“We now expect the FOMC statement to include a stronger acknowledgement of the recent soft inflation data, and our expectations for the Summary of Economic Projections have become incrementally more dovish.”
Author: therealheisenberg
When To Go “Bear Hunting” In Bonds
“I’ll be focusing on that 2H pricing for clues as to when the odds are good to step in front of the raging bond bull — and when it’s a good time to go bear hunting.”
Trader: You’re A Frog In Slowly Boiling Water
“Ask anyone and you’ll hear they hate stocks and hate bonds – – and own oodles of both.”
Gold Surges After Dismal Data; Do You Like Your Rate Hikes Dovish?
They better figure out how to make this hike extra dovish.
Trader: You’re Going To Regret Putting A Gun To Janet Yellen’s Head
“The economy may be doing fine and asset prices are roaring. As this column has discussed previously, inflation targeting is perhaps outdated monetary policy — but as long as that is still officially the goal, tightening tonight will soon be perceived as a potential mistake.”
Before The Fed: China?! “An Illegal Siege” On Qatar! Crude Carnage. Oh, My.
Yeah, so this afternoon the Fed will almost surely hike and folks will be looking
Don’t Get “Cho’d”: Barclays Upgrades, Downgrades Stock On Same Day
“Cho did not immediately respond to an email and phone call seeking comment.”
Key Calls (Wednesday): Upgrades, Downgrades & Initiations
Are your stocks on the list?
Goldman Spent A Long Time On This Awesome Fed Preview, So The Least You Can Do Is Read It
Ok, so the Fed is going to hike tomorrow. And the best part about it
Mike Moon Beheads Live Chicken In Anti-Abortion Video, Asks Why You’re “Freaking Out”
“Some people seem to be freaking out about the whole chicken video”…
“On What Basis?!” One Trader Demands To Know Why You’re Short Treasurys
“U.S. Treasury bears haven’t come up with a compelling new argument in months, nor a reason why any of the old, stale logic will suddenly become valid now”…
Bubbles, Bubbles, Everywhere
“Despite the horrible price action in technology shares recently, let’s put things in perspective: FANG stocks are still up well more than 20% on the year. That’s an awful lot. At the same time, the price of many crypto- currencies has gone parabolic in a way that we haven’t seen since tech stocks in the late 1990s. There’s even the same “new paradigm” driving the price action. If that’s not a speculative bubble, I don’t know what is.”
Hedge Fund Long Stock Exposure Tags Record At $1.36 Trillion
“Based on the quarterly 13F filings and estimated short positions of the equity holdings of 952 funds, we estimate that hedge funds’ net stock exposure increased to $792bn notional from $730bn QoQ, surpassing the Q2 2015 peak to a record high. HF long positions stood at $1.36trillion notional at the start of Q2 2017, tied with the Q2 2015 high.”
The Hill: “If Trump Fires Robert Mueller, He Will Be Impeached”
“If Trump does fire Mueller, it would be a virtual admission of guilt in the eyes of huge numbers of Americans.”
U.A.E Thinks It’s Bullshit That Qatar Spends Its Empire State Building Profits On Al-Qaeda
“Qatar cannot own stakes in the Empire State Building and the London Shard and use the profits to write checks to affiliates of al Qaeda.”
They’re “Taking Away The Punch Bowl As The Party Gets More Messy”
“But that’s utterly the wrong thing to be thinking about.”
“I’ll Get Impeached If It Kills Me”: Trump Considers Firing Mueller, Attacks Judges, “Dirty, Sad” Press
Thankfully, the fact that Trump is even considering firing Mueller and the fact that he just tweeted about the 9th Circuit a day after the court cited the President’s tweets in an unfavorable ruling proves (again) that Trump will not stop until he has gotten himself impeached.
Great Success! OPEC Output Rose Most In 6 Months As Cartel Met To Extend Cuts
Right, so OPEC is out with their monthly report, which is basically just a compendium
“I’m The One Who Got Us Into This Mess,” A Brent Death Cross, And “The Day Before Tomorrow”
Today is all about tomorrow…
Key Calls (Tuesday): Upgrades, Downgrades & Initiations
Are your stocks on the list?
“This Is Much More Than A Spat”: What The Qatar Crisis Means For Global Energy Markets
“The latest incident, whereby a group of oil-producing Arab nations has cut ties with neighboring energy-exporting country Qatar, is much more than a simple diplomatic spat. Collectively, the countries involved control 29% of global crude oil and 33% of global liquid natural gas exports.”
Goldman Can’t Quite Figure Out What Happened To Tech Stocks On Friday…
“While difficult to isolate the reason for the sell-off, one thing is clear…”
Donald Trump Is Now Being Trolled By … Vodka.
“Made in America but”…
Nasdaq On June 6: Sell Puts On Tech Stocks Because “A Selloff May Never Come”
“If you missed out on the run in large-cap tech stocks, there is a strategy that can keep you in the game.”Â
“Oil Is The Fed’s Canary”: Is The Fed “Sleepwalking Into A Policy Mistake”?
“…never have forward expectations been so dovish (Chart 4), inflation break-evens been so beaten down, and data surprises been so negative ahead of a Fed hike in this cycle.”
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