Volatility Collapses (Again) As Investors Cling To Goldilocks Outlook On Brexit Wednesday

It’s quiet out there. Well, except for that whole UK officially leaving the EU thing. As outlined earlier this morning, Theresa May will make the UK’s split with the EU official on Wednesday, sealing the economic fate (literally, as they’ll be a hand delivered letter involved) of the British people and very possibly relegating the…

Mind The Cross-Atlantic “Gaps”: Your Week Ahead Preview

Earlier, we talked a bit about Donald Trump’s waning political capital and the extent to which rising policy uncertainty in the US and declining political risk in Europe may ultimately lead to a narrowing of rate differentials, painting a bearish picture for the dollar. Meanwhile, the yen is likely to remain bid as its fortunes are…

It’s Quiet Out There: G-20 Leaves Markets Feeling “Damp And Grey”

It feels quiet out there. Maybe a little too quiet. There’s plenty of G-20 banter about the US/Trump having “won” at the weekend gathering in Germany. In this context, “winning” means successfully getting the “resist all forms of protectionism” language removed from the communique. Remember, in Trump/Navarro make-believe land, free trade is a bad thing, so telling everyone…

Finally Friday: Oil Looks For Weekly Gain; EM, Euro Surge; Merkel Meets America’s Useful Idiot

Well, it’s quiet out there as an exceptionally eventful week (finally) winds down. As we head into the weekend, oil is trying to eek out a gain on the week, after a surprise inventory draw (reported first by API on Tuesday and then confirmed a day later by the weekly EIA print) shored up a…

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 get a hike, but once again, it’s all about the messaging. Any kind of dovish lean would be a (bigly) surprise. What’s got some people spooked is the possibility that, in their rush to prove they aren’t behind the proverbial…