“Across the Middle East, the administration drives the United States ever further into wars without end, increasing the dangers of direct military confrontation with Russia and Iran, with little awareness and no mandate from the American people. This is a recipe for calamity.”
Author: therealheisenberg
Beware Another “Epic” Yuan Squeeze
“After engineering (another) epic squeeze in late May/early June, overnight points have dipped into negative territory, 1m points are near five-year lows, the 430pm CNY closing price is back to a discount to the fix.”
This Is The Most Important Implication Of The SCOTUS Travel Ban Opinion
“I detest much of the president’s norm-defying behavior and have been critical of it. But I worry at least as much about norms related to our governance that have been breached and diminished as a result of, or in response to, Trumpism.”
Euro Surges To 9-Month High, BofAML Says “Hawkish Festival” Is Dumb As Shit
“We have been arguing that tapering will come anyway, largely because of technical/ political constraints around QE. The ECB will still have to justify this with a macroeconomic narrative.”
Too Busy Patting Myself On The Back
“The top in the Eurostoxx / S&P 500 ratio was hit on the day of the Barrons’ “Buy Europe†cover story. Talk about selling the news.”
“Is It Really Only Tuesday?” One Trader Weighs In On Today’s Important News
Earlier this morning, we said the following about a series of comments from Mario Draghi
Infamous Chinese Umbrella Maker Plunges 94% Amid $6 Billion Hong Kong Small Cap Rout
“We are a top quality POE and Nylon umbrella manufacturer. Our umbrellas have already been well-accepted by clients around the world, especially those from Japan”…
“This Seems Like Intervention”: Sudden Yuan Surge, Afternoon Stock Rally Show China Hard At Work
“They may be eager to keep the onshore yuan quarter-close to near 6.8 per dollar. The quarter-end rate may be an important indicator for foreign central bank reserve managers to consider adding the yuan as assets.”
Euro Surges On Draghi’s “Three Messages,” Dollar Eyes Janet, Yuan “Suddenly” Jumps
Boy, I’ll tell you what, if you’re a central banker and you’re going to say
Key Calls (Tuesday): Upgrades, Downgrades & Initiations
You need an upgrade.
Feldman: SCOTUS Trying To “Wiggle Out” Of Ruling On Trump’s Travel Ban
“The justices would really like to avoid ruling on the travel ban altogether. They’d like to make the case go away.”
Oil Bulls Have One Last Hope: The Journalist Contrarian Indicator
“Journalists (including myself) are writing lots of bearish headlines — is that a sign that oil is about to rally?”
An Open Letter From Al Jazeera To The World
“We have been accused of bias, of catalysing the Arab Spring, of having an agenda, and of favouring one group over another. We reject these allegations and our screens are a testament to our integrity.”
Big Trouble In Little China: Chinese Banking Asset Growth Plunges To Decade Low
Over the course of the year, there’s been gallons of digital ink spilled documenting China’s
Wall Street Journal Calls Trump A Twitter “Troll,” Says Maybe You Can’t Trust Him
“The episode is further proof that the biggest obstacle to an effective Trump Presidency is Mr. Trump.”
After “Fat Finger” “Muppet” Crash, Goldman Says Gold Is Good Hedge For Equities
“Our commodity team’s view is gold at $1250/oz over 12 months as higher real rates from Fed tightening could put further pressure on gold, but this may be offset by 3 things”…
It Did “Happen Here” – Now How Can Republicans Fix It?
“Trump has turned out to be far, far worse than I imagined. He has instituted policies so right wing they make Ronald Reagan, for whom I worked, look like a liberal Democrat.”
Is A “Stubbornly Hawkish” Fed Trying To Fucking Kill Us, Or What?
“Yet, unfazed by the roll-over in activity and inflation and lower growth expectations, the Fed and the PBOC are sticking to a stubbornly hawkish path. Tighter money at a time of weaker activity poses deflationary risks and a spill-over into the real economy.”
The Third Mandate Is Official – And “It’s Stunning” That You Don’t See It
“This morning, at a speech at the BIS Annual General Meeting, Bill Dudley came right out and stated unequivocally that the Federal Reserve was targeting financial conditions.”
The Algo Wars Are Real: Inside The Pentagon’s “Algorithmic-Warfare Team”
“The Team has been assigned to consolidate “existing algorithm-based technology initiatives related to mission areas of the Defense Intelligence Enterprise.†That remit expressly includes “all initiatives that develop, employ, or field artificial intelligence, automation, machine learning, deep learning, and computer vision algorithms.”
“Fatalistic” Markets Give In To Summer Lull, Crude Chaos, Washington “Horror Show”
“In fact it’s odd how fatalistic people seem to be. We used to furiously debate where and when we’d find the canary in the coal mine warning of an imminent market reversal to pounce on. Now, there seems to be blanket resignation that the trend is your master.”
We’re Devolving: “It Used To Be That Politics Only Trumped Econ In Emerging Markets – Not Anymore”
“Yet, the chart which struck me as most relevant in the whole thing showed how market response to either Fed or ECB meetings has become calmer and calmer, whereas the response to the three major G7 political events of the last year (and a bit) has been so dramatic.”
“No One Has A Clue”: Markets Baffled By Monday’s Gold Flash Crash
“No-one has a clue, apart from the unfortunate individual that pressed the wrong button.”
Gold Flash Crashes, “Jubilant” Germans, And Bank Bailouts
Well, gold plunged $18 in seconds on surging volume (18k contracts in a one-minute window)
Key Calls (Monday): Upgrades, Downgrades & Initiations
You need an upgrade.
3 C’s: Crude, Carry, CPI And Your Full Week Ahead Preview
Ok, so it’s Sunday which, as we’re fond of reminding you, means that tomorrow will be Monday – right up until Trump does something that takes the whole of idea of there being a “tomorrow” off the table…
You must be logged in to post a comment.