Given the well-choreographed and gradual adjustment, we expect that asset markets will avoid another ‘taper tantrum.'”
But for the enterprising among you, that probably means there’s some upside asymmetry here. Just know that if you take that trade, you’re effectively betting that Gary Cohn won’t ultimately leave the administration…
“The impact to President Donald Trump’s economic agenda, particularly tax reform, from controversy surrounding comments about protests in Charlottesville can’t be ignored.”
“Buybacks for the largest banks will soar by 45% this year.”
“After many years of consistently high return correlation, the Financials and Information Technology sectors have posted significantly divergent performances twice during the past nine months.”
Full visual tour.
“Right now you’re making money purely on multiple expansion related to policy and I suspect it may be a bridge too far.”
Look, here’s the thing: Goldman has got some shit on their chest they need to get off with regard to upcoming earnings results.
“Stressed” out?
Well, gold plunged $18 in seconds on surging volume (18k contracts in a one-minute window) for no apparent reason, falling from 1,253 to test 1,236, the 200-DMA at around 4 a.m. EST. That’s being chalked up to a “fat finger,” and the follow through for the dollar and yields was readily apparent, with Treasurys diving…
“Still, it’s a mistake for investors to dismiss the threat”…
Somehow I doubt this will come as a surprise to anyone, but investors yanked the most money from bank sector funds in more than year over the last week, as the Fed’s “dovish” hike exacerbated fears that popular Trump trades may have run their course.
“‘There’s nobody better to tell me about Dodd-Frank than Jamie,’ Mr. Trump said, presumably meaning that there was nobody better to help him dismantle Dodd-Frank than Jamie.”
Traders put the brakes on the flight to safety bid on Wednesday as gold and the yen were lower for the first time in eight sessions. USDJPY options were the most active, comprising 27% of total volume – 115.00 calls went off for $250 million according to the DTCC. “With U.S. stocks rising, risk off sentiment…
One of the more amusing things about the dynamics that fed the Eurozone sovereign debt crisis was the extent to which banks found themselves caught in a kind of vicious, self-feeding loop involving debt issued by their sovereigns. The problem was that as the crisis worsened, banks became the only willing buyers of their sovereigns’…
