It’s Russell reshuffle day, which means equities will likely be jarred out of any summer
Author: therealheisenberg
Key Calls (Friday): Upgrades, Downgrades & Initiations
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The Big 3’s Exit Plan In 1 “Easy” Flowchart
“It’s so simple”…
“Hakuna Matata”?
“In our opinion, this is not dangerous market complacency but a reflection of an abnormally tranquil macro environment, with a benign economic outlook, very supportive financial conditions, and lower political risks”…
“Fuck My Life”: Trump Aides Respond To Comey Conspiracy Tweets
“At least that’s behind us.†When alerted to his apparent suspicions of Oval Office surveillance, the official replied in a text message, “fml.â€
Goldman Has 5 Exciting Options Trades They Want To Tell You About
Katherine and John are back and they want you to know that “the month of July has been a popular month for companies to preannounce over the past six years.”
“Unless They Can Read Minds,” Trump’s Lawyers Have No Idea If He’s Under Investigation
“And as for the claim that no investigation exists at all — unless the President’s lawyer can read minds, he really would have no way of knowing. The rest, as they say, is mere speculation.”
Bluff Called: Trump Has No “Tapes” Of James Comey
“I did not make any such recordings.”
“I Just Don’t Want A Poor Person”: Trump Explains How Much He Cares About “The People”
“I just don’t want poor people in these positions.”
Chart Of The Day: Asset Prices In The Trump Era
See if you can spot what’s still hanging on for dear life at record highs/tights despite lackluster incoming data and central bank tightening…
Trader: “You Really Shouldn’t Make It Up As You Go Along”
“They don’t have to be governed only by the lowest common denominator. Nor forever ignore the negative externalities of oppressively low global rates and how they further suppress yields and encourage profligate risk-taking.”
Trump: I’ll Build Wall Out Of Solar Panels Because There’s “Lots Of Sun” Down There
“Pretty good imagination, right?,” he asked supporters. “Good? My idea.”Â
Grab A Pitchfork: Albert Edwards Predicts Imminent Popular Revolt Against Central Banks
“In an age of “radical uncertainty†how long will it be before angry citizens tire of blaming an impotent political system for their ills and turn on the main culprits for their poverty – unelected and virtually unaccountable central bankers?”
Stocks In Saudi Arabia Rally Again, Up A Staggering 9% On The Week
In case you were in any way unclear about this: Saudi stocks are super excited
A Kiwi, A Krone, And An Oil Rout
It was relatively quiet overnight session which saw market participants continuing to focus squarely on
Key Calls (Thursday): Upgrades, Downgrades & Initiations
Are your stocks on the list?
Full Energy Retard: The Final Chapter
“You gotta be super smart to trade credit, buddy, it’s not easyâ€â€¦
Trump Vs. Trump: There Can Be Only One
“Trump’s determination to undermine his symbolic self has become especially clear in the last two months: The presidential tweets are screaming of self-sabotage, and the display of conflicts of interests is just too obvious and explicitly self-incriminating to be unintentional.”
It Just Got Worse: Crude Plunges To 10-Month Low, Credit Gets Nervous
One day after crashing into a bear market, crude continued to plunge. As a reminder,
‘And Now, Deep BTFD Thoughts,’ By Cameron Crise
“If the post-crisis equity rally were to have a theme song, it would probably be called “just buy the dip.” The strategy has generally worked well, until recently, when there seem to have been no dips to buy.”
Mohammed Bin Salman Consolidates Power, Saudi Stocks Soar: “No Question Who’s In Charge”
“It’s clearly a transition that has happened smoothly and bloodlessly. Now it’s clear, it’s straightforward. That kind of clarity lowers the risk. There’s no question as to who’s going to be in charge.”
Guest Post: The Reverse Tepper Moment
“In the current environment, we have the opposite situation. Either the economy rolls over (which should be bad for stocks), or it bounces, at which point the Federal Reserve continues on its tightening path (which could also be bad for stocks).”
One Chart Shows The Stunning Disconnect Between Markets And Reality
It’s probably nothing…
One Trader Has Had It With Your “Wild Projections Fueled By Irrelevant Moral Outrage”
“Traders need to remind themselves that you can’t win the war if you keep losing one battle after another.”
Wells Fargo: Amazon Wardrobe Is “Another Nail In The Coffin” For Department Stores
“Simply put, it’s a negative.”
Goldman Asks: How Long Can The Market Stay ‘Boring’ And When Will Volatility Spike?
“Since Q1 2016, volatility across assets, and in particular for equities, has declined and stayed remarkably low YTD. As a result, investors often ask how long the current ‘boring’ markets can continue, and what the risks and asset allocation implications are.”
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