Bitter Coffee.

A spoonful of sugar, helps the medicine go down.


There’s A ‘Big Problem’ In Emerging Market Liquidity And Here It Is…

(Back) down the liquidity rabbit hole.

Give Peace (And Quiet) A Chance

Holding pattern as market awaits the Fed.

No Resolution.

Aaand that’s the week.

Sittin’ On The Dock Of The Bay.

This should have been an uneventful day, but alas.

God Bless Us, Everyone.

Muddling through, where that means: voracious rally.


Aaaand that’s the week.

‘We Might Have To Cut ‘Em Loose’: There Are Worse Things In The World Than An Emerging Market Rout, Right?

“I gotcha, I gotcha … oops.”

When “selections” become “choices” again, we have to decide whether that’s ultimately a “bad” turn of events or whether it’s just an inevitable (and ultimately desirable) consequence of a return to two-way markets. 


Keep the faith?

Different Day, Same Stories, Only Different.

But still, read it.

It’s Not That People Are Bailing On Emerging Markets, It’s Just That They Sold The Most EM Stocks And Bonds Since December 2016

It should be fine.

The Day After.

One day on…

Hold My Beer While I Poke This Hornet’s Nest.

Well, he did it.

Brace For Impact: Full Week Ahead Preview

“While improving manufacturing confidence has recently added to the constructive global risk environment (characterized by dovish central banks, low cross-asset volatility and rising equity prices), a potential increase in political uncertainty in the US may undermine this backdrop.”

“Political Immunity” And Markets

“Technical factors and central bank liquidity have allowed markets to suspend disbelief.”