As noted earlier this morning, Valentine’s Day is all about Janet Yellen on Capitol Hill. Although
Author: therealheisenberg
Yellen Yellin’ On Capitol Hill, Dollar Slumps, Toshiba Turmoils, China PPI, German GDP: Enough Said
Ok, so there was actually quite a bit going on overnight, but needless to say,
Key Calls (Tuesday): Upgrades, Downgrades & Initiations
Are your stocks on the list?
Stagflation Cometh?
From the very beginning – that is, from the time Trump was elected – there’s
Poetic Justice? Europe “Celebrates” 25 Years Of Integration With Descent Into Chaos
Proponents of the nationalistic fervor currently spreading across Europe will likely find some poetic justice in the fact that the dissolution of the EU could ultimately unfold just as the bloc celebrates a milestone in time.
I Like My Term Structures Kinky
I’ve talked quite a bit about how the US equity market is grossly mispricing political
Tragic Irony: How Trump And Le Pen Perpetuate Radical Islam’s Apocalyptic World View
One of the most tragically ironic things about populism anno 2017 is the extent to which it reflects the very same radicalism its adherents claim to be fighting against.
Heisenberg Challenge: To “Hedge” Or Not To “Hedge”
Submitted for your approval: an amusing comparison.
Chart Check (Going Global On Valuations)
Valuations have become something of a hot topic of late for one very simple reason:
“Substantial Volatility” Ahead: One Bank’s Take On Yen-Sanity
Well it’s all about USDJPY on Monday. Of course if you’ve traded these markets professionally
Trump Official Inauguration Poster Misspells “Too”: No, Really
“This print captures the essence of Donald Trump’s campaign.”
“The World May All Be Crazy”: High Five On Golf Course Underpins Global Rally
“Investors are taking comfort from the hope that, while the world may all be crazy, it hasn’t completely forgotten the realities of Mutually Assured Destruction.”
Low Bar: “The Fact That Trump Met Another World Leader And Didn’t Cause An International Incident Is Now A Notable Event”
Boy I gotta tell you, the bar is pretty f*cking low these days. Going into
Markets Relieved After Trump/Abe Meeting, Reflation Narrative Intact
Well, it was all aboard the reflation train right out of the gate in early
Key Calls (Monday): Upgrades, Downgrades & Initiations
Are your stocks on the list?
The French Connection
With French election risk front and center, and having spent what is probably an inordinate
Bad Chinese
By now, you’re probably aware that China is in a tough spot. As I’m fond
“This Time, The Experts Aren’t Exaggerating”: A Former Goldmanite’s Warning To Markets
“Both of these inferences are wrong. The risk of a President Le Pen is far lower than the ex ante risk of Brexit or President Trump was last year, but the consequence of her winning would be far worse.”
Chart Check Double Feature (Reflation Nation)
Time and again I’ve emphasized the importance of watching cross-asset correlations and positioning data as
This Is What BofAML’s Clients Are Most Concerned About…
Surprise, surprise…
Whatever You Do, “Don’t Ignore Him”: One Bank’s Advice On President Trump
“A weaker USD, lower yields, strong equities, low vol and strong EM suggest that markets do not expect US fiscal stimulus this year, but also do not expect trade protection. We strongly disagree”…
Asleep At The Wheel: “Clients Are Asking If Our Models Are Updating Properly”
Assuming this “asleep at the wheel” dynamic can’t persist for much longer, spreads have to either compress further or blow out. Which do you think is more likely?
This Is How Much A Stronger Dollar Hurts Multinationals
If you have multinational US corporate behemoths in your portfolio, you’re probably acutely aware of
Fitch Blasts Trump: He’s “A Risk To International Economic Conditions”
In a further testament to the impact the resurrection of nationalism will likely have on markets, Fitch was out Friday warning that Trump’s policies could well prove catastrophic for the rest of the world.
“They’re Stealing Our Jobs!”: Populism And False Prophets
What they’re really doing is grabbing power for themselves and taking advantage of “the people” who, thanks to a number of factors, are vulnerable to manipulation. They are false prophets.
Chart Check (Behind The Curve)
As usual…
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