So basically, the message is that unless the S&P were to suddenly collapse, the Fed
Category: dollar
Goldman: Dollar Subject To “Quick Upside Repricing,” Structural Strength
Regardless of whether you agree with how the market is now pricing the odds for a March hike, you should think about the extent to which policy divergence between the Fed and the BoJ/ECB is for all intents and purposes inevitable.
2-Year Yields Highest Since 2009 While German Yields Argue With Soaring Inflation
One thing you might want to note is that 2Y yields hit their highest level
With Odds Of March Mushroom Cloud Lower, Time For Trump Economic Team To “Muddy Those Expensive Loafers”
The political scientist in me is a little annoyed with some of the overnight Street
Chaaarge! Global Rally Is Back As Trump Discovers Teleprompter Is His Friend, Fed Speakers Talk Up March
It would be a stretch to say he “did a good job.” It felt like we were watching a man who had been told, in no uncertain terms, that this was most assuredly not the time to play presidential Mad Libs.
No, Janet Yellen Does Not Need To Wait On Donald Trump
Think back to last month. I know that’s really f*cking hard because with Trump in
Behold: The “Trump Trade Fade” In 2 Charts
Suddenly everyone cares about those cross-asset correlations I’ve been harping on since the election. Just
“Steve Bannon Didn’t Get Trump This Far By Not Using The Opposition Against Itself”
Boy, oh boy, Tuesday morning’s missive from former FX trader turned Bloomberg contributor Richard Breslow
“Big League?” Why The Market Is “Less Euphoric” On Tuesday Trump Speech
Tonight’s the night – as they say. Donald Trump will deliver his highly anticipated speech
Markets Frozen As Batsh*t Crazy Trump Speech Awaited
It’s all quiet on the Western and Eastern fronts as the market sits in suspended
This About Covers It: “It’s A Confusing, Annoying, Topsy-Turvy World”
“I understand that it’s frustrating to hate the world and have to watch equities continue higher. But frankly it’s a lesson you should have learned over the last eight years.”
“Just Imagine How Messy This Could Get!”: One Trader Warns On Yen-Sanity
“The yen market is offside and being short-squeezed. This looks set to sustain even amid resilience in equities, but just imagine how messy the move could get if U.S. shares crash to converge with how other assets are trading”…
Political Ping Pong, A “Pounding,” And A Market Awaiting Trump
Well, we start in FX land on Monday morning and as has become the norm
Reflation Frustration
This is probably a decent time to start asking yourself if the narrative still makes
“Our Animal Spirits Have Been Shot By Poachers”
“It’s not so much whether the Fed minutes were a damp squib, the media round by the Treasury Secretary was underwhelming or we were once again reminded of European political risk”…
Can You Hear Me Now?
So one of the things I’ve been harping on since the release of the Fed
Trader To Trump: “You’ve Got One More Chance To Deliver”
“Trump needs to deliver next Tuesday or markets will throw a tantrum.”
Dollar Pulled Between Minutes And Mnuchin, Crude Hopes For Bullish EIA Print
Ok so it’s Thursday morning and everyone has generally come around to what I said
No, Those Fed Minutes Were Not Hawkish
Following the release of the latest Fed Minutes, I was exceedingly amused to watch as seemingly every commentator one cared to (virtually) consult tried to put a hawkish spin on things. That is of course consistent with what Bloomberg’s Richard Breslow described overnight as a “hawkish retelling” of an otherwise dovish statement.
Confusion In The Air After Fed Minutes
FOMC TO START BALANCE SHEET DEBATE AT UPCOMING MEETINGS
MOST FED OFFICIALS JUDGED GRADUAL RATE HIKE PACE APPROPRIATE
FOMC SEES DOWNSIDE RISK FROM STRONG DOLLAR
“Le” Screwed: Markets Nervous Ahead Of Fed Minutes As Bookies Put Le Pen’s Chances Even With Rivals
“Good morning.” And also: “I told you so.” This whole idea that because Marine Le
One Trader Doesn’t Get Why You’re So Damn “Punchy” This Morning
” The rest must have done some people good, because the feel of the market is a bit punchy as we start out of the gate. I’ve no strong explanation why”…
Dollar On A Harker High, European Economy Hums Despite Political Turmoil, Kuroda Continues To Confuse
Well, that escalated quickly. It wasn’t hard to predict what would set the tone overnight.
Markets To Trump: “Show Me The Damn Money, Already”
Is the White House serious about tax reform and fiscal stimulus, or was that all bullsh*t designed purely to get the President elected so Steve Bannon could implement his social agenda and promote nationalism?
“Run-For-Your-Life Affair” Continues In France, Fed’s Mester Hints At Hikes, US Vacations
“This weekend was an all-out, run-for-your-life affair.” That’s from Yves-Marie Cann, head of political studies at
Here’s What’s Coming Up For Markets
“Don’t be fooled by the the holiday-shortened trading week in the US. Next week promises to give investors plenty to watch, including the Greek bailout, minutes of the Federal Reserve’s last meeting, Bank of England governor Mark Carney’s testimony, retail earnings and Warren Buffett’s annual letter.”
Did The Market Misread The Most Important Event Of The Week?
So we got a hawkish Yellen on Capitol Hill. Or did we?
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