“Typically when positions are as large as they are currently, the risk is that if the prevailing narrative of the time does not play out perfectly, violent reversals will ensue.”
Category: 10Y
Trader: Here’s My Beef With Jamie Dimon’s Annual Letter
“What happened each time the Fed stopped QE? Yields fell. The complete opposite of what Jamie would predict.”
Red Rally.
All hail the “king”.
Bad Moon Rising.
Can you feel the tension?
War And (No) Peace: Full Week Ahead Preview
Say your prayers.
Jobs Report Misses Bigly, AHE Inline
U.S. March Nonfarm Payrolls Rose 103k; Unemp. Rate at 4.1%
‘It’s Insanity’
“I don’t… nobody knows what’s going on.”
Never A Dull Moment.
If this were a reality TV show, the ratings would indeed be “tremendous”.
‘And Boy Was I Ever Right’: Jeff Gundlach Wants To Talk About Stocks, Bonds, Bitcoin And Of Course, Gundlach
So without further ado, here’s how “right” Gundlach is, was, and always will be…
Please Mr. Postman.
Tuesday was another day that had a distinctly circus-like character to it…
Here’s Why U.S. Equity Losses Are ‘Far From Over’ (And Why It Should Be Fine In The Long-Term)
After Monday’s rout on Wall Street, the same people who were asking if the near-term pain was behind us as stocks rallied into quarter end last Thursday will probably be tempted to ask something similar on Tuesday assuming the bottom doesn’t fall out immediately.Â
Document Study.
Stellar day!
The 3 ‘T’s: Full Week Ahead Preview
In essence, the same things everyone was watching last week (e.g. tech, trade, Trump) will be in focus again…
Quarter Back.
It was only fitting that the quarter should close in dramatic fashion for U.S. equities.
David Stockman: That ‘Unicorn’ Isn’t Real
“The single most important price in all of capitalism is the interest rate—-and at all points on the maturity curve. And the single most important truth about honest interest rates is that they must be discovered by markets, not imposed by the state.”
‘In Late January A Client Called Us With An Exasperated Query’: Why Barclays Sees A ‘Bumpy Road Ahead’
“In the last week of January, as equities went on yet another run, a client who had been waiting to buy the dip called us with an exasperated query.”
Goldman’s Bull/Bear Indicator Is (Still) Elevated: Here’s Why They Don’t Think You Should Worry
Maybe come down off that bridge?
Upside Down: Full Week Ahead Preview
I don’t know where you’re supposed to turn for “analysis” from here.Â
Hide The Women And Children.
“Tremendous” things are happening.
Objectively Crazy.
Yep. Batshit.
Bill Gross Thinks Maybe We’re All Murderous Psychos – Also Talks About Bonds
“The bond market’s current “beast” is not so much a killer but a hibernating bear awakening from an extended secular bullish trend of lower inflation and excessive central bank accommodation.”
Breaker One-Niner
The market’s verdict was as follows.
Bring An Umbrella: Here’s How To Hedge 3 Near-Term Risks
So there you go. Bring an umbrella.
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