“For the first time since 2011, hopes for double-digit growth in U.S. earnings aren’t a fantasy [because] Wall Street analysts have been standing firm on forecasts.”
Author: therealheisenberg
One Word, And One Word Only: “Duration”
When central banks pull the punchbowl away, you’re going to have some problems if you’re caught with your hand in the duration cookie jar.
Goldman Answers The $100 Billion Question: “Why Is Loan Growth Collapsing The Most Since 2008?”
“The sharp deceleration in commercial and industrial loan growth has generated a sense of cognitive dissonance among market participants, who are otherwise confronting generally encouraging growth data.”
Zuck To SNAP: “Don’t Make Me Be A Bad Guy, Come On”
“Don’t make have to do this please. Come on. Don’t make me be a bad guy, come on.”
Chart Of The Day: The ECB Is Running Out Of Excuses
” The broad based risk-on, over the past couple of weeks across European risk assets, has increased risks that should the political uncertainty ease post the French elections, rate hike newsflow will continue to grow.”
Wall Street Journal Doesn’t See What’s So Damn Suspicious About Obstructing Justice
The Wall Street Journal, like most other “Conservative but not insane” media outlets, is having
Volatility Collapses (Again) As Investors Cling To Goldilocks Outlook On Brexit Wednesday
It’s quiet out there. Well, except for that whole UK officially leaving the EU thing.
Trader: You’re “An Emotional Train Wreck” – But Buying-The-Dip Might Help
“Decide questions for yourself like whether global growth is expanding or not? At the end of the day is there likely to be additional or less quantitative easing pumped into the system? Are sovereign wealth funds apt to continue to increase their commitment to global equities or go back to sovereign debt coupon clipping?”
Happy Brexit Day! Prepare For “Perilous Journey Ahead”
“This will be like knowing you’re going to be pushed off a cliff edge, preparing for the worst, and then landing on a ledge just below. It doesn’t mean you won’t ultimately plummet to your death, but there’s the relief of an unexpected opportunity to save yourself.”
Key Calls (Wednesday): Upgrades, Downgrades & Initiations
Are your stocks on the list?
Devin Nunes Delivers A Big “F*ck You America” On Behalf Of Donald Trump
“Nope, never.” Which is the same answer we can all now safely give if asked the following question: “Will you ever trust this committee to conduct an unbiased investigation?”
Buy-The-Dip In Danger From “Politicians Who Want To Change The Liberal Order”
“Just as the Federal Reserve is finally taking the plunge, and as a new wave of politicians in the US and Europe look bent on redefining anything from haircuts and dress codes to the pillars of the Western liberal order, any talk of ‘mean reversion’ seems a bit out of sync.”
Chart Check: “Le Pen Risk” Falls To Lowest In 5 Weeks
Is the Le Pen “tail risk” becoming more tail risk-ish?
Spicer Loses It: “If He Puts Russian Dressing On His Salad, That’s A Russia Connection”
“We don’t have that. You’ve got Russia!”
Another Reason To Be Happy: “No Policy Is Better Than Bad Policy”
“Indeed, the past few decades are replete with examples of gridlock and government inactivity being a fertile environment for U.S. financial markets.”
Look How “Weak” Obama Was On Deportation!
Warning: Sarcasm dead ahead.
Snapchat Investors Discover Mark Zuckerberg Has Monopoly On “Monetizable Fun Places To Spend Time”
“Snap is a ‘platform for the imagination’; fun place to spend time, which can be monetized.”
BofAML: Health Care Failure “Best Thing To Happen To Trump Trades Since Inauguration”
“In our view, the failure to push through healthcare reform by the GOP last week was possibly the best thing to happen to Trump trades since the inauguration. “
Wall Street Journal: Media, Experts Wrong, Trump Not Hitler, Just “Weak” Idiot
“Well, that was fast, if predictable. We’re referring to the conventional wisdom that has moved without a moment of self-reflection from declaring Donald Trump to be a dangerous fascist to a hopeless incompetent.”
Here We Go, USDJPY Eyes Lows
The barometer for how the market feels about the US reflation narrative is flashing red…
Does This Chart Show The Bursting Of The Junk Bubble?
“That’s it. It’s over. The HY bubble has burst.”
“Keep Your Composure!” Dollar Finds Its Footing, Markets Dodge Trump-Induced “Freak Out”
“We’ve come too far, there’s too much to lose!”
Key Calls (Tuesday): Upgrades, Downgrades & Initiations
Are your stocks on the list?
Goldman: These Are The 3 Most Important Questions On Tax Reform
At some point, everyone is probably going to get tired of talking about what Friday’s
“The Sky Is Falling”: When Stocks Go Down, Everyone Panics
“And don’t let anyone try to tell you that stock-market pullbacks, including modest ones, are something investors and policy makers can now handle with aplomb. You can calculate financial-conditions indices with all sorts of back-fitted weightings but when stocks go down, everyone still goes into “The sky is falling†mode.”
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