“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”…
Author: therealheisenberg
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.”
Congratulations! Trump Logs Worst First Quarter Approval Rating In Recorded History
And by a country fucking mile.
It’s Official: Rep. Mike Quigley Introduces The “Covfefe Act”
“President Trump’s tweets frequently make national news and are a topic of everyday conversation, including deciphering the meaning behind his tweet using the previously unheard of term, “covfefe.â€
It’s A Series Of Rolling Mini-Bubbles!
“As sure as an empty cocktail glass in Lindsay Lohan’s hand is followed by a full one, there will be another mini-bubble in next “great†hedge fund idea…”
“Tech Tantrums” And “FAAMG FUBAR”: More Striking Visuals
Monday is a day when you are going to be seeing a whole lot of charts about tech. Indeed, all anyone is talking about this morning is the tech rout gone global and whether Friday’s FAAMG FUBAR was an isolated event or a sign of things to come.Â
The “Most Obvious Reason” To Short Vol. Is Revealed…
“They’ve made a lot of money”…
One Trader Thinks You’re Silly, Says You’re “A Wannabe Method Actor”
“Trading these markets is turning us all into wannabe method actors. We’re all desperately hoping someone will tell us what is our motivation.”
SocGen Warns On Tech, Momentum: “When It’s Time To Hit The Door, You Better Move Fast”
“The sell-offs themselves are not particularly unusual, but the uniformity of the prices moves all on the same day indicates a market driven by price chasing momentum, with investors heading for the door all at the same time.”
What A “Buzz Kill”: Tech Selloff Goes Global
“There’s a chance U.S. internet technology stocks that have propelled a global stock rally will now serve as a buzz kill.”
Key Calls (Monday): Upgrades, Downgrades & Initiations
Are your stocks on the list?
Full Week Ahead Preview: Fed In Focus
Hopefully, the weekend gave you a chance to catch your breath after “Super Thursday.”
Chances Trump Cuts Taxes In 2017 Plunge By 50% In 3 Months, Betting Odds Show
He was “tired of winning” anyway…
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