Ok, look: if you’re still hungover from a combination of turkey, greasy mashed potatoes, and copious amounts of not-quite-top-shelf red wine, it’s time to snap out of it because last week is melting into this week as tends to happen historically on Sundays.
Category: europe
Time For A French Kiss?
Meanwhile, across the pond…
Phew, That’s Over – Now Go Get Drunk.
Well, what can you say?
Drumstick.
More records.
Into The Wild Blue Yonder.
Ok, well there were some notable headlines to start the week…
Thanks A Lot: Full Week Ahead Preview
Holiday road.
Sour Note.
Well, an eventful week ended on a sour note, which is a shame for the bulls because Thursday was a barnburner.Â
Death & Taxes.
“That’s one small step for rich people and corporate ‘citizens’ and one giant leap for Republicans who can’t get shit done”…
It Could Have Been Worse – A Lot Worse.
The setup was terrible, with falling commodities, a downbeat Asian session, and junk jitters weighing on sentiment.
More Questions, Less Answers.
Not what I would call an “upbeat” session.
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.
Monday, Monday.
The fireworks started in Japan and that’s where they ended.
Flies In The Ointment.
“Well in a low vol world, yesterday was fascinating and a small shock to the system.”
A Truly Taxing Day.
Thursday, bloody Thursday.
Check Back Tomorrow.
Thursday is now the “big day.”
Going To The Mattresses.
“How bad do you think it’s gonna be?”
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.”
A ‘Bleak’ Near-Term Outlook For EURUSD
“Narratives often dominate fundamentals for weeks at a time. Often, old data will be looked at in a new, supportive light when the story shifts, while fresh, contradictory information is dismissed.”
‘Crisis’ Averted.
Now back to your regularly scheduled rally.
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.”
Watch For A ‘Deep Dive’ In The Euro
Whither the common currency…
Should Have Just Gotten Drunk.
Anyone home out there?
Super Mario: Full Week Ahead Preview
As usual, the docket is full and the risks are multiplying.
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