Ok, so this is a simple one and that’s on purpose.
Category: commodities
Bloodbath: “Nightmarish Picture” For Iron Ore Triggers Metals Mayhem
“Iron ore demand is waning, which, against backdrop of near-record/record inventories and aggressive Chinese and seaborne supply, paints a nightmarish picture”…
SocGen: Algos Gone Wild, HFTs Causing “Extreme Volatility” In Metals Market
“The jury is out as to whether these players are good or bad for the market.”
Chart Of The Day: “Assume The Position(ing)”
We’ve written quite a bit over the past several months about the importance of watching
Guest Post: The Last Remaining Cheap Asset
“My delusions about my mad bbq’ng skills are similar to everyone’s belief they are contrarians. Whether it is the NYSE specialist, the Chicago pit local, the Bay Street equity trader, the London credit specialist, or even the guy at home trading in his underwear, we are all consumed by these romantic narratives where we bravely battle the naive masses to nail the next great trade. But the reality is that we can’t all be contrarians. If we were, then it wouldn’t be contrarian”…
Want A Reason To “Sell In May”? Here’s One
Remember China? It’s a big country that’s somewhere near Sweden I think. No but seriously,
Goldman Isn’t Sure How Many Times You’re Going To Ask, But “Yes,” They’re Still Bullish Commodities
Goldman isn’t sure how many times they’re going to have to tell you to be
Chart Of The Day: (No) Go With The Flow
“Flows across the asset classes we track have slowed down to the lowest level since late 2015.”
Guest Post: The Best Unknown Indicator
“It’s tough for me to put this down on paper, but really, the proper bet is to assume Yardeni’s model will once again prove correct, and buy stocks.”
Hey! I Know May Stole The Show But Don’t Forget Iron Ore Is Collapsing
It was a sharp move lower in iron ore that weighed on risk sentiment overnight as futures dropped 3.7%, following a nearly 2% move lower on Monday.
You Will Have To Pry Goldman’s Bullish Commodities Thesis From Their Cold, Dead Hands
“Will the survey macroeconomic data turn into strong hard macroeconomic data; will the Chinese credit data turn into real physical demand for metals; and will the OPEC production cuts turn into solid US oil inventory draws? “
Trader: Shut That Lyin’ Mouth And “Get ‘Em While They’re Hot”
“Too many commentators have fallen into the “everything is binary†trap and decided that if you assume each event will end badly, there’s material to turn out a good rant”
While You Were Watching That Screaming Guy On The Plane (Again), I Was Buying Yen
Well, it kinda feels like everyone just said fuck it and bought the yen overnight
One Bank Explains What’s Next For Oil, Commodities, And The Risk Assets They Influence
One of the notable market developments over the past month was the spike in HY’s
Goldman: Q1 “Was A Quarter To Own Risk” – Here’s What Comes Next
“Which of these divergences will hold going forward?”
4 Days Later: Previewing The Week Ahead
Well, it’s Sunday which, at last check, means tomorrow will be Monday and that means a
A Good Bottle Of Scotch Would Be Nice: Making Sense Of Market Nonsense
Thank God for four months of sobriety because the old Heisenberg would have been at the bottom of a good bottle of scotch right now…
A Good News Type Of Day
Well damned if this wasn’t a good news type of day. We’d wager the only people
“Canaries”
“A sign that the market is accepting that rates are indeed going higher? That issuance is finally taking more to digest? Or just another correction that looks mild if you’ve ridden this thing for the last year? My hint: it may not matter as funds were marked-to-market at year-end.”
We Told You So: Junk’s Correlation With Oil, Copper Suddenly Skyrockets
File this one in the increasingly full “you heard it here first” folder.
These Charts Do NOT Scream “Ready For Super Aggressive Fed”
We don’t want to sound like a broken record, but …
Trader Warns: Fed Meeting Will Be “Death Knell” For Reflation Trades
Dammit Mark, didn’t you learn anything from Goldman’s overnight note on commodities? When reality doesn’t reflect
Goldman: “Lack Of Hard Evidence” Aside, Long Oil, Copper Reco Still A Good Idea
Time stamp it. Sure, it may seem like a deflationary bombshell has been dropped on
What’s Wrong With This Picture?
What could go wrong?
So Yeeahhh… About That Reflation Thing
“While investors may return to the reflation narrative again, it’ll take more than a few political speeches to get them there.”
“I Think It’s Safe To Say Everyone Will Take A Glass Half-Full Approach”
“I think it’s safe to say that given the current mood among traders, they will be squarely focused on the glass half-full elements rather than grasp at signs for temperance.”
Chart Check: “Things Fall Apart”
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