Ok, so here’s a fun thought experiment. Let’s say, for argument’s sake, that Barack Obama and
Author: therealheisenberg
Dr. Evil Demoted? Trump Boots Steve Bannon From National Security Council
President Donald Trump reorganized his National Security Council on Wednesday, removing his chief strategist, Stephen Bannon, and downgrading the role of his Homeland Security Adviser, Tom Bossert, according to a person familiar with the decision and a regulatory filing.
Albert Edwards Warns: “Fed Tightening Cycles Almost Always End In Recession”
“Collapsing bank lending growth is signalling that something is amiss and the Fed should stop raising rates, but I expect rapidly rising wage inflation will push the Fed into overkill. Fed tightening cycles almost always end in recession and this time will be no exception.”
Crude BTFD Algo MIA As Oil Slumps On “Surprisingly” Bearish Data
Will someone please remind us again how we’ve gotten it wrong all along about crude and about how this market is going to balance any day now?
Trump’s “War On Journalism”: “Whether He Knows It Or Not, He’s Echoing Stalin”
“In Donald Trump’s America, the mere act of reporting news unflattering to the president is held up as evidence of bias. Journalists are slandered as “enemies of the people.â€
Let There Be Jobs Dammit! Risk Hits The Ground Running After ADP
Right out of the gate…
Goldman’s Hatzius: “Unpleasant Trend” In US Auto Market – And Uber/Lyft Will Make It Worse
Longer term, the risks to these estimates are probably on the downside, especially if the “sharing economyâ€â€” exemplified by companies such as Zipcar, Uber, Lyft, and Via—makes deeper inroads into the transportation sector).
Hedge Funds Suffered Worst Short-Squeeze Since 2009 In Q4 Amid “Trump Rally”
So the thing about “hedge” funds is that generally speaking, they’re supposed to provide a
ADP Beats; Yields, Dollar Jump
ADP RESEARCH INSTITUTE SAYS U.S. ADDED 263,000 JOBS IN MARCH
Watch Those Minutes. ADP Ahoy! Le Pen Loses Her Sh*t. And More On A Fun Wednesday
“Let’s not forget where we’re coming from,†he shouted, struggling to be heard over his rival. “You have been repeating the same lies for 40 years — those your father used to tell.â€
Goldman “Unmasks” The Culprit Behind US Auto Loan Delinquencies
” However, the chart masks the growth of “deep subprime†lending programs, targeting borrowers with credit scores far below the 620 cutoff. For example, some recent deep subprime ABS transactions featured pools with average credit score of just 545, with 20% of borrowers not having a credit score at all, a condition known to signal high default risk.”
Trader: Trump And Xi Are All That Matter Now
“That environment leads to an adamantly divided market. On one side are those who cite growth and liquidity as a reason to always buy the dip. On the other, those who fear calamity, citing the idea that low volatility has induced excess leverage to chase returns and a misallocation of capital.”
Trader: Why Do “You Need To Be Miserable To Be Happy?”
“I don’t know what kind of a market environment we’re eventually going to be in, but there’s little to suggest we’ve been living through anything approximating risk-off mode.”
Key Calls (Wednesday): Upgrades, Downgrades & Initiations
Are your stocks on the list?
Texas Democrat: “Some Trump People Will End Up In Jail”
“I would say this. My impression is that I wouldn’t be surprised after all of this is said and done that some people end up in jail.”
2013 Vs. 2017: Trump On Syria Chemical Attacks
Well count us confused. As we noted last week, it’s probably best not to sanction CIA
Call Alex Jones “A Russian” One More Time…
Ok, so those who frequent these pages know that we have … how should we
This Is “Highly Uncertain”: Deutsche Bank Weighs In On Tantrum Risk
Earlier today, we brought you the latest from Bloomberg’s Richard Breslow, who warned that the
Car-mageddon: Your Complete Guide To A Bursting American Auto Bubble
“There are a number of negative implications from what we’re observing, including rising negative equity in new car loans, lengthening ownership cycles, tightening credit, and potential for deteriorating mix/pricing (And we see risk of continued deterioration as used vehicle prices remain under pressure, and new vehicle inventories remain elevated).”
ISIS Throws In The Towel On Trump: “You’re Being Run By An Idiot”
For a while there, it looked like Donald Trump might be the best thing to happen to extremists since the CIA funneled money and arms to the Mujahideen in Operation Cyclone.
Lacker Resigns From Fed
“Jeff Lacker, Richmond Fed president, says he is resigning effective today after improperly disclosing confidential Fed information, NY Times said in tweet.”
Here We Go Again: The ETF “Volume” Fallacy
Here we go again. We do not pretend to be ETF sponsors (we’re not) and
WaPo Explains Why Trump’s Agenda Isn’t Working In 10 Words
“All this has some truth to it. But here’s another overarching reason for Trump’s travails”…
“We’re In Risk-Off Mode Now, Grab Profits Where You Can!”
“For the next few days, however, trading may well just be a game of figuring out who hasn’t stopped out yet, and sending the “seek and destroy†bot to take them out of some of their positioning.”
Trump Just Turned Over Your Browser History To Verizon & Comcast
“The change will allow broadband internet service suppliers, such as cable and telecommunications companies, to track and sell a customer’s online information with greater ease.”
Witness Trump The “Authoritarian Wrecking Ball”
“To Trump’s faithful, those words were a rallying cry. But his critics heard something far more menacing in them: a dangerously authoritarian vision of the presidency — one that would crop up time and again as he talked about overruling generals, disregarding international law, ordering soldiers to commit war crimes, jailing his opponent.”
Goldman Shocker: “Retail Investors Are NOT Driving This Rally”
“But it is more than mere ownership shares, because while institutional inflows amounted to 0.86% of AUM in the week following the election, retail investors were actually sellers. While the market has clearly been rallying on ‘animal spirits’, it is apparently the professional investors, not the retail money, who have been feeling bulled up.”
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