Ok, so Shinzo Abe’s LDP suffered a stunning loss in Tokyo assembly elections over the weekend,
Category: dollar
Jobs Report, Chilled Urine, And Kashkari’s Rib Roast: Full Week Ahead Preview
If you were following along last week, then you already know what to look for
One Trader Doesn’t Like Your “Hyperbole,” But He’ll Let It Slide As Long As You Don’t Mistake A Passing Pigeon For “Paree”
“It’s been a week filled with hyperbole. Trial balloons dressed up as pre-commitments. A little volatility described in cataclysmic terms and compared to jarring historical market upsets.”
And God Said “Let There Be Data: And There Was Data.”
It’s Friday and God said, “let there be data: and there was data.” Let’s start
Humpty Dumpty And The Euro…
“All the king’s soldiers”…
Euro, Euro, Euro
It will take more than anonymous ECB sources to cool the desire to bet on
Trader Delivers Celebratory Warning: “We’re About To Have A Two-Way Market Again”
“It was no small feat. And the fact that it was very much a global phenomenon makes it all the more significant. Investors should have been jolted into the realization that we just might be about to enjoy the healthy benefits of a two-way market.”
Stocks Fall Across The Globe As Hawkish Central Banks, Washington Jitters Roil Risk
Well, the overnight action was predictable under the circumstances, but it’s nevertheless unnerving for anyone
Euro Surges On Draghi’s “Three Messages,” Dollar Eyes Janet, Yuan “Suddenly” Jumps
Boy, I’ll tell you what, if you’re a central banker and you’re going to say
“Fatalistic” Markets Give In To Summer Lull, Crude Chaos, Washington “Horror Show”
“In fact it’s odd how fatalistic people seem to be. We used to furiously debate where and when we’d find the canary in the coal mine warning of an imminent market reversal to pounce on. Now, there seems to be blanket resignation that the trend is your master.”
Gold Flash Crashes, “Jubilant” Germans, And Bank Bailouts
Well, gold plunged $18 in seconds on surging volume (18k contracts in a one-minute window)
One Trader Trusts Numbers Even Less Than He Trusts You – And That’s Saying Something
“The dictionary speaks of facts and specifics. But in reality it includes, biases, positions and a whole lot of other subjective factors. You and I can, quite properly, look at the same data and react differently.”
Russell Shuffle Day, Brexit Anniversary, & Crude Carnage
It’s Russell reshuffle day, which means equities will likely be jarred out of any summer
“Hakuna Matata”?
“In our opinion, this is not dangerous market complacency but a reflection of an abnormally tranquil macro environment, with a benign economic outlook, very supportive financial conditions, and lower political risks”…
Chart Of The Day: Asset Prices In The Trump Era
See if you can spot what’s still hanging on for dear life at record highs/tights despite lackluster incoming data and central bank tightening…
Trader: “You Really Shouldn’t Make It Up As You Go Along”
“They don’t have to be governed only by the lowest common denominator. Nor forever ignore the negative externalities of oppressively low global rates and how they further suppress yields and encourage profligate risk-taking.”
A Kiwi, A Krone, And An Oil Rout
It was relatively quiet overnight session which saw market participants continuing to focus squarely on
One Trader Has Had It With Your “Wild Projections Fueled By Irrelevant Moral Outrage”
“Traders need to remind themselves that you can’t win the war if you keep losing one battle after another.”
A Royal Shakeup, China’s Big Day Falls Flat, Crude Reality Bites
Ok, well for obvious reasons, the headlines overnight pretty much all revolved around: Saudi Arabia
One Trader Wishes You Would Get Your Damn Dollar Story Straight
“Wasn’t it only last week that everyone was telling us that the market was fading the FOMC’s ‘policy error?'”
Dollar Is Happy, Pound Is Sad, And There’s Some Yuan Shenanigans Afoot
It’s about Dudley for the dollar which rose to a three-week high versus the yen
Unlike “Pundits” Who Are Always Wrong, One “Risk Taker” Actually Cares About His P/L
“While the pundit class can be wrong on a regular basis with no repercussions, for risk takers the P/L never lies.”
Stocks Super Happy, Oil “Flirts With Collapse,” UK Brexits, France Wonders Why No One Voted
Generally speaking, it was a quiet overnight session as traders look forward to a light
One Strategist Thinks You Should Ignore The “Prophets Of Doom”
“The Fed’s decision to tighten rates in the face of sluggish growth and limp inflation has encouraged a narrative that they are embarking on a policy error, with the flattening of the yield curve cited as a primary piece of evidence. Upon closer inspection, however, the prognostications of peril appear wide of the mark.”
Peter Pan’s Revenge: Kuroda Thinks You’re Crazy To Think BoJ Is Not Still Crazy
“The moment you doubt whether you can fly, you cease forever to be able to do it.”
“Carry” On, Or Not So Much? Emerging Markets After The Fed
So one of the interesting things to note about the price action we’ve seen over
The Day After: Yellen’s Big Mistake
So here we are, the day after a Fed hike that was supposed to (and
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