Oil is on the move as OPEC chatter is making the rounds. According to the
Author: therealheisenberg
Pound Surges As Rampant Shoe Inflation Spurs Hawkish BoE Bets
Uncertainty around Brexit will of course continue to serve as a countervailing force, which brings us to the cruelly ironic (and exceedingly ridiculous) part of this whole charade
$100,000 In Facebook Ads Is More Than Enough To Influence An Election
As if we needed more evidence that Facebook influenced the election…
Key Calls (Tuesday): Upgrades, Downgrades & Initiations
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Lawyers Told Trump Jared Kushner Should Resign Due To Russia Ties
In other words, Trump’s lawyers thought maybe it wasn’t the best idea for the President to have, as a key adviser, someone who is himself under the microscope for the very same possibly nefarious dealings that Trump is suspected of.
Have You Heard The One About Janet Yellen And The Hurricanes?
So when it looked like the last, lonely U.S. reflationist was about to throw in the towel, it felt like everyone was suddenly scrambling around to explain why yields were too low – maybe in an attempt to appease the market Gods who are thought to dislike crowded trades.
Make Risk Great Again.
Now stay tuned to find out if Kim bought some VXX today on the cheap so he can fire off an ICBM this evening and make a few million to put towards his next H-bomb.
Ok, Who’s Happy With Their Yen Short?
Of course as Bloomberg’s Dennis Pettit notes, that’s assuming everyone had the intestinal fortitude to not only endure the pain through Friday, but also…
Are CTAs Behind The Bond Rally?
“The CTA performance index has ripped in the back half of August after 10s rallied below 2.25%,” Deutsche goes on to write, adding that their “rolling 1m beta analysis shows that CTAs have gotten very long the market.”
Sputnik Under FBI Investigation; Former Employee Turns Over ‘Thousands’ Of Documents
“Well now, Yahoo News is out reporting that Feinberg was questioned by the FBI for more than two hours earlier this month and has turned over a thumb drive ‘containing thousands of internal Sputnik emails and documents.'”
Even ‘Street Urchins’ Understand How To Trade This Market – So Why Don’t You?
“It’s true that one day it won’t work. But if you’ve cashed in on the previous one-hundred times it happened you can afford it. Thomas Bayes told you so–as would most street urchins.”
Republicans Are Complicit In Trump’s Coddling Of White Supremacists
“One must ask, ‘is it really worth the votes?’ Or is it that our values just don’t matter anymore? Have we become that jaded?”
Why JPMorgan Thinks You Should Just BTFD
“Admittedly, North Korea remains a wild card, but we now believe that one should use any weakness as a buying opportunity.”
The Most Important Paper Of The Next Decade
“Higher real rates, inflation and wage growth to pick up, and inequality going down. This is the opposite conclusion that almost all economists are subscribing to.”
Some Folks Are ‘Cheesed Off,’ But Here’s Why The Treasury Rally Can Continue
“At last Treasury yields are rising,” Bloomberg’s Paul Dobson writes this morning, projecting what he imagines
Yuan Tumbles As PBoC Gambit Puts The Brakes On – At Least For Today
I’m not sure it will ultimately be enough to get the job done, all things considered, but the PBoC’s decision to effectively remove a barrier to speculation against the yuan (that’s a crude way to describe it, but it gets the point across) by cutting a reserve requirement put in place in the days following the devaluation in 2015 seems to have succeeded in putting the brakes on the rally – if only for a day.
Japanese Shares Surge Amid Asia Rally As Investors Super-Excited World Didn’t End
It’s all green screens out there early on as the relief rally gathered steam in
Key Calls (Monday): Upgrades, Downgrades & Initiations
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‘I Can’t Do It’
“I can’t do it. I can’t embrace the machines and the vol selling and the ETF parade and the central bankers’ “communication policyâ€. So I’m NOT happy. I don’t sleep well. I DON’T trust the Fed, much less love them, and I never will.”
No ‘Apocalypse Now’, But Maybe Later – Full Week Ahead Preview
This week’s market-moving events are likely to be unscheduled. Remember, Irma is still a catastrophic natural disaster even if it didn’t quite turn into a scene out of a bad Jake Gyllenhaal movie. And as the above mentioned Ben Purvis notes, “Kim Jong Un [could decide] to inject himself into the conversation again,” at any time.
Asian Shares Rally, Gold Falls As Markets Breathe Heavy Sigh Of Relief
As noted late last week, things would look quite different on Monday, one way or another.
Disaster Capitalism
“This is the most amazing thing about capitalism, which transcends anything seen across different ideologies, religions or philosophical systems. It has a metabolism of a super-adaptive virus, an absolutely magical property.”
As Irma Hits, A ‘Disastrous’ Econ Retrospective
So I guess the silver lining here is that if we just keep denying climate change and the disasters continue to get worse, we can “look forward” to more frequent and increasingly “bigly” GDP-boosting cleanup efforts.
Dollar, Futs On The Rebound Early As Irma, Kim ‘Disappoint’
Everyone’s worst fears “fail to materialize.”
Clooney Rips Steve Bannon: ‘He’s A Failed F*&%^ng Screenwriter Who Licks My…’
“I’d be ashamed ten years from now if those weaselly little putzes, whose voices are getting a lot higher every week as this presidency starts to look worse and worse weren’t still [after me].”
Janet Napolitano: Here’s Why I’m Suing The Trump Administration
“I recognize that it is unusual for a former Cabinet official to sue the agency she once led. It may be even more unusual to challenge as unconstitutional, unjust and unlawful the elimination of a program originally established by the plaintiff — me — in this litigation.”
Qatari Stocks Fall For 5th Day After Phone Call With Saudis Goes Horribly Wrong
If you have any ideas on how to get negotiations up and running again, please contact the appropriate parties in Riyadh and Doha – just make sure you don’t say they called you.
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