“It is not unusual that losses may be happening.”
Category: ECB
Here Are The New ECB Projections Everyone Was Waiting On…
Ok, with that out of the way, here are the key projections…
A December Hike And Yellen’s Last Hurrah: Full Week Ahead Preview
A snowy hike and so much more.
‘The Inconvenient Truth About Asset Bubbles’
Any questions? If so, please refer them to your favorite FinTwit pundit who will be happy to show you a chart he made on Excel that “disproves” all of the above.
Why This Wind Down Is Different.
Follow the red line…
‘Run Screaming For The Hills’: Presenting The Fallacy Of Disaggregation
“Yet, we would argue that the mere fact that investors fail to spot trouble in a single sector should not be grounds for comfort: the reason why no single sector stands out may be that all the sectors are mispriced.”
‘Rational Exuberance’ – Which Is An Oxymoron
“It has become progressively difficult to say something new.”
Of Double-Downgrades, Booming GDP And Stocks That Are Priced To Perfection
…and all the commentary was accompanied by stock photos of people in hard hats making shit with screwdrivers.
Clean Up Your Damn Junk: Full Week Ahead Preview
“This is the big one, Elizabeth!”
It’s The Oil, Stupid.
“There is no puzzle.”
‘Spaced Out’: Don’t Bring A Knife To A Gunfight.
So what do you do? There are no “good” answers.
Suspension Of Disbelief And ‘The Largest Vol Seller In The Market’
Suspension of disbelief, on the other hand, implies an active effort on the part of the person or persons in question to avoid common sense in favor of a more convenient explanation of reality.
Back To The Future.
It was a good day for the “future.”
One Trader Asks: ‘Jeez, What Does Draghi Know That We Don’t?’
“It feels like yesterday will be as good as the news gets once investors start thinking about it.”
Revisiting The Only Thing That Matters In A Taper: Stock Vs. Flow Effects
As a reminder, no one knows the answer to this yet. That’s how it works with things that are “unprecedented.”
Yes, I’ll Have The ‘Taper’ But Is It Possible To Ask The Chef To Leave Off The ‘Tantrum’?
“It looks like the ECB is managing a taper without a tantrum. For the first time in many meetings we got a truly different policy statement and one that seems to strike a pretty good balance between the hawks and the doves.”
ECB Announces Dovish Taper, Euro Slides
“From January 2018 the net asset purchases are intended to continue at a monthly pace of €30 billion until the end of September 2018, or beyond, if necessary, and in any case until the Governing Council sees a sustained adjustment in the path of inflation consistent with its inflation aim.”
The Key Risk From Draghi Isn’t A Taper Tantrum, It’s This…
“Against this benign environment, the key risk isn’t that the ECB is going to set off a sustained bond bear market.”
‘But What If’?
“Wherever you come out on what will happen later this week, the shift is that all four banks will be on hold or hawkish. No one is talking about cuts. And that’s an appropriate change.”
Watch For A ‘Deep Dive’ In The Euro
Whither the common currency…
Super Mario: Full Week Ahead Preview
As usual, the docket is full and the risks are multiplying.
ECB Will Cut QE In Half, But You And Draghi Can Still Netflix And Chill For 9 Months
Yes, “very gradually.” Or preferably “not at all.” But like the Fed, they’re going take some baby steps and see how things go.Â
One Trader Calls It: This Is The Day When It All Changes
“I’m talking about good old fashioned two-way flow and nascent trends galore.”
‘The Biggest ETF In Town’
“And with CSPP holdings at €116bn and growing, a big ETF at that!”
Bubbles, Bubbles, Everywhere…
“Bubbles, bubbles, every where, Nor any one to pop.”
You must be logged in to post a comment.