“President Trump yesterday issued a stunning vote of no-confidence in basically everyone currently in a leadership position in the Justice Department, the FBI, or the special counsel’s office—in other words, not just some federal law enforcement, but all of it.”
Author: therealheisenberg
‘Woohoo!’ Brent Tops $50 For First Time Since June 7 As Oil Bulls Get Reprieve
And so, having been given a (probably temporary reprieve) and a new lease on life, the bulls have managed to drive Brent above $50 for the first time since June 7 on Thursday.
The Problem With ‘Simple’ Markets
“The only people who don’t think this market is simple are hedge funds and perma-bears who try to make it complex. Yet even as they are continually wrong, they are right.”
ECB Keeps Everything Unchanged, Language Seems Dovish
Ok, well the euro may have come off a little in the past 24 hours
The Obvious Reason Why Trump’s ‘Other’ Chat With Putin Is A Problem
“It’s reasonable to worry about what he might have told Mr. Putin.”
Key Calls (Thursday): Upgrades, Downgrades & Initiations
You need an upgrade.
BoJ Stands Pat, Pushes Back Timing For Inflation Goal They’ll Never Hit
BOJ DELAYS TIMING OF REACHING 2% GOAL TO AROUND FY2019
What Happened To That ‘Super Dollar Bull Market,’ Guys?
…apart from this badass cat who nailed the trade and is now covering into the USD weakness.
Donald Trump Has Now Threatened To Harm Americans If He Doesn’t Get His Way. #MAGA?
“We’re not going to own it. I’m not going to own it. I can tell you the Republicans are not going to own it. We’ll let Obamacare fail and then the Democrats are going to come to us.â€
‘Things Are Starting To Reverse’: Goldman Warns On ‘Shock’ Risk
“Risky assets digested the increase in bond yields only reasonably well – 3-month equity/bond yield correlations stayed positive (Exhibit 3) and credit spreads buffered part of the increases (Exhibit 4). But correlations are starting to reverse.”
Stocks Touch Record Highs: Full Wednesday Visual Recap
“So much winning, you’re going to get tired of winning”…
‘Crash In Bond Markets’ Now #1 Worry For Fund Managers
3 biggest tail risks: crash in bond markets (28%), Fed/ECB policy mistake (27%), China credit tightening (15%)…central banks seen as much bigger risk (the “red herringâ€) than EPS, and yet…
Let’s Charge Trump Jr., Kushner, And/Or Manafort With Espionage
“What was clear, however, was the intent. According to the AP report, “Veselnitskaya presented the contents of the documents to Trump Jr. and suggested that making the information public could help the campaign.†And receiving this plastic folder, assuming it really happened, may have implicated the participants in espionage.”
The ‘Only Game In Town’: If FX Didn’t Exist, We’d Have To Invent It In 2017
“We don’t often know when a political crisis will rear its head. Not a problem for a 24-hour market. Want to deal anonymously with all the protections of off-shore counter-parties? Not a problem. And, if you think the matter is egregious enough, you can leverage up pretty much to your heart’s content.”
‘Does Canada 2017 = US 2007?’ Goldman Asks If Canada Is On The Brink
“Nominal home prices in Canada have grown by 13% over the past year, and by 200% since 2000. These sharp increases in home prices in Canada have invited comparisons with the US housing market in the period leading up to the Global Financial Crisis.”
This ‘Party’ Has To End Eventually – But ‘Eventually’ Isn’t Today
“…market participants are understandably worried about how they will be weaned off the current highly-liquid environment.”
Key Calls (Wednesday): Upgrades, Downgrades & Initiations
You need an upgrade.
Putin Didn’t Do It.
“And that fake news and hacking? Yeah, he did all that. But none of it would have had any chance of working if we didn’t have millions of silly, hateful voters that were susceptible to believing all the nonsensical bullshit.”
The ‘Mystery’ Of The Missing Inflation Solved In 1 Chart
There you go: “lost” real economy inflation, meet “found” asset price inflation.
Hillary Clinton Satire: ‘I Hate Her’
“Like my grandmother, selfishly clinging to a fortune she cannot enjoy, with one foot in the grave and the other in a tub of Epsom salt. The Newport house should be mine, Nana. The Newport house belongs to America now.”
‘Netflix & Chill’ – Full Visual Tour Of Tuesday’s Market Action
Netflix, Goldman, “own dick eating,” a failed healthcare bill, dollar doldrums, and so much more…
‘Euphoria’: What Could Possibly Go Wrong?
“This should be fine.”

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