Stocks Surge On ‘Good Cop’ Yellen; Trader Makes ‘Unprecedented’ $10 Million Bond Bet

Well, the message from Yellen was heard loud and clear and amusingly, so was the message from Stephen Poloz. In fact, you’d be forgiven for thinking they coordinated to make sure one offset the other. The BoC hiked, as expected, but “expected” is a relative term here. Because the whole abrupt shift in rhetoric that culminated…


‘Sold To You!’, Loonie Bulls

“The Loonie is streaking higher like a Canuck on a breakaway, and suddenly, all the Canadian Dollar bears are strangely silent.”

‘Loon’-Acy: USDCAD Dives As Bank Of Canada Hikes Rates

Canada Raises Rate to 0.75%, Says CPI Softness Is Temporary
BOC: “current outlook warrants today’s withdrawal of some of the monetary policy stimulus in the economy”

One Trader Is Already ‘Outraged’ And It’s Only Monday

“I’m also outraged.”

O, Canada! China?! Yellen Yellin’: Full Week Ahead Preview

Ok, well this should be an interesting week. We’ll get the BoC, which will make Bloomberg’s Luke Kawa happy because it means Canada will be in the spotlight for once. He’s got some fun Canada-themed socks we imagine he might wear on Wednesday. “The recent avalanche of hawkish messages from the BoC, as well as…

Guest Post: An E.T.A. For The Man With The Pin

“I find it funny how with all this printing, market participants are surprised when the price of assets rise.”

“A Pretty Eclectic Collection Of Unrelated Developments”

SocGen’s Kit Juckes probably summed up the overnight session best: Overnight currency drivers have been a pretty eclectic collection of unrelated developments. That sounds like it could be an ill-advised sequel to “A Series Of Unfortunate Events“: “A Pretty Eclectic Collection Of Unrelated Developments.” First there’s the kiwi which collapsed. That comes courtesy of the…

Guest Post: So You Wanna Be A “Cool Kid?”

“Doesn’t really help us that much, except to note that maybe all this other analysis is bullshit, and instead we should just focus on crude oil and interest rates.”

Guest Post: Tough Day To Be Canadian

“It doesn’t really matter. For a while, investors will assume the rot spreads deeper than just one company. The entire Canadian real estate sector will now be guilty until proven innocent.”