“The weekend news – softer industrial production, Capex and retail sales in China, higher oil prices as Saudi Arabia and Russia agree that output cuts should be extended through Q1 2018, a North Korean ballistic missile test – sees us start in mild risk-friendly tone.”
Author: therealheisenberg
Oil And China. Because What Else, Right?
It’s Monday. Hell yeah! Let’s start in China, because… well… because where else, right? We
Key Calls (Monday): Upgrades, Downgrades & Initiations
Are your stocks on the list?
A “Mind-Boggling,” 60 Trillion Problem
“Therefore, there exists a significant amount and a complex web of cross-holdings between banks and NBFIs as well as among NBFIs. Consequently, it is nearly impossible to have a clear idea who is responsible for what when things go wrong.”
Chart Of The Day: China Versus The World
Ok, fuck it: one more time with the China story on Sunday.
Sunday Humor: With Fabio Unavailable, Fox News Brings On Bobby Knight
Fortunately, no one was choked and no chairs were thrown.
Traders & Producers “Congregated” To Talk Metals Misery: Here’s What They Said
Goldman chats with some folks in Hong Kong…
Looking For “Euro Exit Risk?” We Found It In This Chart
“Risk assets have taken little notice, except in sovereign CDS where the 03-14 switch (buying 2014 definition, selling 2003 definition) – a potentially highly convex trade on a euro exit – remains high for Italy.”
Presenting The Hilarious “DOs & DONTs” List From Saturday’s “Free Speech Rally”
“Bring water and food to share to make friends.”
China Explains Market “Chaos”: You’re Not “Grasping The Rhythm Of The Concept”
“If the financial market compared to the lake system, the lake in the water level is reduced, the flow of the channel to the small river is also narrowing, we have some of the future liquidity concerns.”
Video: Putin, Zeman May Need To “Liquidate” Members Of The Press
Don’t get “liquidated.”
A Quick Look Inside China’s Tightrope Walk
If you struggle mightily when it comes to understanding exactly what the fuck is going on in China’s financial system, you’ll be forgiven because after all, it looks like this…
North Korea Fires Missile, Moon Convenes Security Council
NORTH KOREA FIRES AN UNIDENTIFIED PROJECTILE THIS MORNING: JCS
A Tremendous Impeachment
“It’s not even going to be close,†Trump said. “The ratings for Bill Clinton’s impeachment were a joke.â€
Video: Trump Says God Elected Him President
“Major help from God”…
Goldman: The Bull Market Will Continue And Here’s How To Play It
“Equity bull markets do not tend to die of old age, or even as a result of high valuations; they tend to end when fears of recession rise.”
Wait A Minute. Maybe People Aren’t As Fired Up About Emerging Markets As We Thought
“Yet at the same time as these headlines appear daily, our interactions with investors regarding EM continue to resemble pushing the boulder up a hill. Sadly, the boulder does not have wheels on it, and the hill is a mighty steep one.”
Everything You Need To Know From A Very Interesting CFTC Report
The latest CFTC data is out and this week’s release is notable for a number
“Fuck It! We’ll Do It Live!” Trump Has O’Reilly Moment, Will Do His Own Pressers
“I think it’s a good idea.”
Mary Kane Is Back: “Ignore the Subprime Naysayers,” The Loch Ness Monster Isn’t Real
“May 2nd marked the anniversary of the Loch-Ness monster legend. Science has not been able to document the creature’s existence, yet the fable perpetuates. Similarly, the media has promoted irrational nervousness about the auto lending market, with little-to-no foundation.”
Goldman Took The Pulse Of Corporate America. Here’s What They Found
” The first thing I’d say is that through March 31, as we look at our results, it’s hard for us to see anything that’s suggestive of a material uptick in consumer confidence or consumer or commercial spending.”
“EU”phoria
Just how confident is everyone about Europe now that Emmanuel Macron managed to trounce Marine Le Pen in a runoff that threatened to install a dancing Nazi in the French presidency? Well, if you’re looking at equities, the most confident in history…
Goldman Has A Simple Message For You About Retail And Metals
If there’s two places you haven’t wanted to be of late it’s retail and metals.
“This Does Not Bode Well”: One Bank Warns “The Chinese Monetary Put Is In Reverse”
“This does not bode well for commodities, and is particularly true for the China-sensitive commodities of copper and iron ore.”
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