“Self-pardon under this rubric is impossible.”
Author: therealheisenberg
Trump Says NY Times ‘Foiled’ U.S. Plot To Kill ISIS Leader, Says He Can Pardon Himself
Just when you thought it couldn’t possibly get any more absurd…
Loonie Tunes: Closing The Book On A Short Gone Horribly Wrong
And thus ends one of the most painful chapters in the history of spec positions gone horribly wrong.
‘There Aren’t Many Things That Irritate’ Me More Than ‘Mindless Vol. Sellers’: Pirate
“There are few things more irritating to a macro trader than trying to scratch out directional returns in a static market as “mindless” vol sellers garner easy profits through a willingness to ignore risk.”
A Total Return Chart Lesson
“The problem that arises is that most traders look at charts that simply ignore this fact. When a new contract takes over as lead month, they simply flip over to the new contract.”
DAX VIX Soars As German Stocks Plunge Most This Year
…when you combine that batshit crazy scenario with the new report on automaker collusion and a surging euro, what do you get? Well, you get the worst day for German equities this year.
Sean Spicer Resigns
SEAN SPICER RESIGNS AS WHITE HOUSE PRESS SECRETARY
Undercutting Mueller: Are Trump’s Lawyers Abandoning America?
“They may be right. But they may not be as well.”
That ‘Throw Away Line’ Was Not, In Fact, A ‘Throw Away Line’
“That throw away line, that people came to expect and then ignore, was very likely to have been delivered with serious intent and forethought.”
German Stocks Dive; Volkswagen, Daimler, BMW Plunge On Collusion Report
Look out below – the DAX is in trouble, down some 1.5%.
And I’m going to go ahead and assume this isn’t helping…
Here’s A Market That’s ‘Unambiguously Stretched’
“Despite overall mixed macro data and the failure to pass health care legislation in the US, spreads on virtually all indices have converged back to their post-crisis tights.”
Oil Suddenly Dives As Oil Tanker Tracking Company Throws Cold Water On Bulls
“I’m surprised that people didn’t already expect higher OPEC output.”
Aussie Plunges Most Since May 3: ‘Two Birds, One Stone’
“Debelle smashed two arguments in one sitting. Two birds, one stone.”
Is This Really What Reagan Would Have Done?
“Concessions without reciprocation, made against the better judgment of foreign policy advisers, smack more of payoff than outreach. If this is what Trump’s version of “winning†looks like, what might further victory entail? The re- creation of the Warsaw Pact? The reversion of Alaska to Russian control?”
Key Calls (Friday): Upgrades, Downgrades & Initiations
You need an upgrade.
The BoJ Will Own The Entire Free-Float Of Uniqlo Within 3 Years
In the wake of the BoJ’s Thursday decision to follow Haruhiko Kuroda further and further
‘Uncharted Territory In ETF Land’: Inflows To Market ‘WMDs’ Blow Away Records
“We’ve said this before and to be sure, it’s not a popular thing to say if you’re hanging out with retail investors or anyone who isn’t an active manager, but fuck it”…
Thursday Satire: Mitch McConnell Hospitalized With Low White Vote Count
“Mitch McConnell needs a white-vote count of at least fifty in order to function,†he said. “If it falls below fifty and stays there for an extended period of time, he cannot survive.â€
A ‘Gettin’ Away With Murder’ Type Of Day: Thursday Market Wrap
Thursday was all about people who might have gotten away with murder…
Through The Volatility Seller’s Looking Glass
“I was surprised. I didn’t expect the volatility selling to extend to most other financial markets. I had thought it was confined to equities, but I was obviously wrong.”
Here’s Something That Will Never Happen, But Probably Should…
“The only thing it will accomplish is forcing, as well as encouraging, investors to carry on with the types of trades every right-minded observer thinks has a large element of recklessness.”
‘We Don’t Believe You’: FX Market Flips Draghi The Bird
It’s time to call bullshit.
Obama’s Last Laugh
“No repeal and no replace. They can’t even do repeal and punt.”
Traders ‘Buy-The-Trump-Prison-Dip’, But Gold Jumps As ‘POTUS Tirade’ Imminent
“It’s also likely to trigger a POTUS tirade and possible other impulsive actions, which are sending some investors for cover.”
Mueller Expands Trump Investigation; VIX Jumps, USDJPY Dips
“The U.S. special counsel investigating possible ties between the Donald Trump campaign and Russia in last year’s election is examining a broad range of transactions involving Trump’s businesses as well as those of his associates, according to a person familiar with the probe.”
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