Days like today are always amusing to the extent they bring out the Don Quixote in people.
For now, the market mood seems to be something akin to “fuck it, we’ll worry about this later”.
This is not going to be for the faint of heart.
Good news on the political front: Angela Merkel has (finally) secured a fourth term after the SPD voted to join her CDU/CSU bloc in another coalition.
Well needless to say, this was not a particularly inspiring week.
Thursday went swimmingly.
So in the meantime…
No shortage of event risk.
I was told Icarus would be unleashed.
Happens to a lot of guys.
“When I’ve raised hell you’ll know it.”
The bottom line: for credit investors, the risk of central banks becoming more hawkish is now a two-headed beast.
“We will probably never know, but I think it’s an interesting exercise to speculate on the reasons for the massive bet.”
Farewell to Kansas.
“…we can kill it.”