Ok, so the overnight fireworks were largely confined to early Asian trading. As noted last
Category: dollar
China Just Murdered The Yuan Bears
The PBoC has spoken and markets, at least for the time being, have listened. Coming
“The Honeymoon Period Is Over” – Bullard Ain’t Buyin’ Trump And Other Overnight News
“Washington does have to deliver at some point and I think that is a concern going forward, whether the honeymoon period would end at some point and maybe the reality of American politics would settle in.”
Everything You Need To Know For The Week Ahead
Well, it’s Sunday which means normally, you’d be thinking about Monday, but this weekend you
Trader: We Are Living In A World Of “Consciously Derived Bubbles”
“Where did the feel-good vibe of equities making new highs every day and we’re all getting rich go?”
Your “Unreal, Irrational, Herd Actions” Were Pissing China Off – But They “Fixed” It
Well, this was pretty easy to see coming. When Moody’s downgraded China for the first time
Trader: This Market Needs A Healthy Dose Of “Blunt-Force Trauma”
“The errors weren’t policy mistakes from the Fed or BOE, but from investment banks-turned-hedge funds that refused to listen to what they were being told and fought the tightening cycle every step of the way.”
“Unexplained, High-Volume Drops,” Yuan Shenanigans, And A Cartel Meeting
Well, things have been “choppy” overnight and especially around the flood of OPEC headlines that
Storm Clouds Gather As Trump Headline Risk, Terror Attack Battle Econ Data For Market’s Heart
Well, this market’s mettle is being tested. Again. On Monday evening we got what might
Yen Jumps As WaPo Trump Story, Concert Explosion Trigger Risk-Off Move
We’re seeing a flight-to-safety bid amid suggestions that Donald Trump might have tried to rope two top
“Thy Orb And Thy Staff They Comfort Me”: “Risk Feels A Bit Better Today!”
Yea, though we walk through the valley of the shadow of death, we will fear no geopolitical tail risk: for Donald Trump art with us; thy orb and thy staff they comfort me…
Chart Check: “Nothing To See Here”
Please disperse.
“Sharks In The Sea Of Tranquility” – Looking Ahead
So what did we learn last week? Well, we learned that despite what amounts to
“The Outlook Is Quite Dim” – Goldman Reiterates “Fuck It” Call On Dollar As Russians Take Over White House
“We recently revised down our forecasts for the trade-weighted US dollar, but the latest developments in Washington have introduced additional downside risks.”
“President’s Day”: Iran Is Voting, Brazil Is Panicking, Trump Is Traveling
It feels quiet in America on Friday morning. Maybe that’s because Donald Trump is leaving
Risk Appetite Evaporates As 18 More Contacts Between Trump, Russian “Godfather” Revealed
Everything was going (relatively) ok and then…
Trader: I Don’t See What The Big Deal Is, Bears Should Go Back To Hibernating
“This risk aversion was driven by political noise and speculation. That just doesn’t provide sufficient calorie intake for bears. This isn’t to say that we can’t get a fundamentally negative development in the days ahead, but unless we do, expect the bears to be back in hibernation by the weekend.”
This Hasn’t Happened Since 2009
This probably shouldn’t surprise you…
Looking To Hedge? The Yen “Trumps” Gold And The Franc
With the VIX spiking and the yen bid all night and into the US open, it’s probably a good time to ask yourself where the best place to hide is in the event Donald Trump’s inevitable fall from what in his world passes for “grace”, ends up materializing faster than anyone figured.
Trader: I’m “Appalled,” “Repulsed” By The “Shenanigans” But…
“Don’t for a second think I’m not appalled by the shenanigans. The lack of dignity alone is enough to repulse.”
Global Markets Shudder: Impeachment “Makes It Difficult For Investors To Buy”
“I suppose the question is whether these are US political rain showers like the ones drenching London’s commuters, or real storms with lasting damage.”
Analyst: Short The Dollar, Trump Has Created “Political Storm”
“Regardless of the ultimate conclusion of the political storm over Trump’s actions on Russia and the security services, it will at the very least linger as a distraction that makes it more difficult for the White House to pass pro-growth policies.”
Trader: Stocks Are “Acting Like The Last Honest Man In Town”
“Equities investors are acting like the last honest man in town. Couldn’t care less about politics, geo or domestic. And aren’t ashamed to admit it. Give ’em tax cuts and deregulation and they’re happy. Throw in repatriation holidays to fund buybacks and they’re ecstatic. Add the sovereign wealth funds and they won’t even give you a dip to buy. Earnings per share is as outdated a concept as value investing. It is what it is, until it ain’t.”
“It’s Funny Because It’s Treason”: Global Markets Jittery As Trump Makes New Lows
We start Tuesday on a treasonous note… So because he’s President, Donald Trump gets some
China Rolling Over + Ballistic Missile Test By Hermit Regime = “Monday Risk-Friendly Tone”
“The weekend news – softer industrial production, Capex and retail sales in China, higher oil prices as Saudi Arabia and Russia agree that output cuts should be extended through Q1 2018, a North Korean ballistic missile test – sees us start in mild risk-friendly tone.”
Oil And China. Because What Else, Right?
It’s Monday. Hell yeah! Let’s start in China, because… well… because where else, right? We
Pay Attention! We Got China Credit Data Overnight
Ok, so it’s Friday. And before you get too excited about that, remember that all
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