Well damned if this wasn’t a good news type of day. We’d wager the only people
Category: euro
Behind The Curve? “Pussy-Cat” Yellen Confronts “Largest Dovish Policy Deviation Since The 70s”
Some folks will be talking about the Fed today. In just a few hours we’ll
Your Last Minute Preview Of Wednesday’s “Other” Big Event
Well, it looks like there may be hope for Europe yet. While some commentators expected
“What Blizzard? It’s A Couple Of Flakes”: Markets In Cryosleep Ahead Of Snow, Fed, Geert
Welcome to day 2 of 2 in the pre-Fed, pre-Dutch election market cryosleep. Overnight we
“Have You Noticed Any Impact On Your Bank Accounts?” Le Pen Explains How She’s Not Going To Trigger A Bank Run
Well this one is fun. So here at HR, we’ve discussed at length the fact
The First Week Of The Rest Of Your Life
Welcome to the first week of the rest of your life. By now you all
Inside Steve Bannon’s Quest For World Domination
“The European Union project has failed,†Farage declared. “It is doomed, I’m pleased to say.†“It’s a great accomplishment,†Bannon said. “Congratulations.â€
“What Are Your Biggest Concerns?” Bank Of America’s Clients Respond
Those who frequent these hallowed pages are well aware that when it comes to event
“It Means A Financial Crisis” Any Questions?
I really, really hope that I’m not right about France. But the setup is hard to
“Please Let There Be A Cute Girl There With Glitter” Or, Your Last Minute ECB Preview
As Bloomberg notes, “while the ECB is unlikely to surprise today, the central bank meeting
Will Everyone Just Chill Out? All Marine Le Pen Wants Is To “Set Off & Conquer The World”
As you know, Marine Le Pen is batsh*t crazy. As you also know, she’s hell
No Trouble In Little China And Nothing Doing In Oz
It was a relatively quiet overnight session on the news front, although you wouldn’t know
WTF Chart Of The Day: “And Now For Something Even More Bizarre”
Well, I guess this is what happens when a central bank moves to corner the market on corporates just as swap spreads balloon wider on a flight to safety bid triggered by mounting political risk.
“All Eyez On Me”: Yellen, Fischer Are Up To Bat
It kind of feels like everyone is ready to get this week on the books.
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
I Told You So: “Handicapping Political Risk” Is The New “Central-Bank Watching”
“Perhaps it’s emblematic of the times: Central-bank watching is passé, while handicapping political risk is en vogue.”
Lunatic Le Pen “Cannot Possibly” Win – But Don’t Tell VSTOXX Futures
In other words, the market is trying to learn from its mistakes. We were caught off guard by the Brexit vote and Trump’s victory, so now, we’re seeing relatively large moves as traders’ collective desire to avoid the pitfalls of underestimating the probability of a tail event is manifest in the amplification of tiny blips in poll numbers.
Chart Check: Brexit Versus Le Pen
Is Le Pen “mightier” than … err… Le Brexit?
“Frexit”: Bank Runs, Deposit Blocks, Capital Controls. Any Questions?
“We have some experience in this domain: the example of Greece in the summer of 2015. That is not a happy precedent.”
Spot The Dumb Money
You know what they say…
“Has The Whole World Gone Crazy?!” Part Deux
For the hundredth time: “What do rates know that credit doesn’t?”
Holy “Schatz”
If you’re long equities, it is incumbent upon you to explain this to yourself…
Reflation Frustration
This is probably a decent time to start asking yourself if the narrative still makes
Chart Check (“Just How Anti-Euro Are You?”)
You’d be forgiven for thinking that the EU and the EMU are quickly becoming institutional
As French Election Risk Plunges, One Heisenberg Reader Called It
Wax on, wax off. Risk on, risk off. I said it on Sunday: this week
Heisenberg Challenge: Spot The Moment The French Election Changed Course
I said this week would be all about French politics and by God, the market hasn’t disappointed…
“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
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