“And the market concurs.”
Category: fed
‘Volatility Would Return With A Vengeance’: Kocic Warns On Warsh And The Rebuilding Of The Fourth Wall
“However, giving up transparency and sticking unconditionally to policy rules, i.e. rebuilding the fourth wall, carries with it enormous risks.”
There Are No Atheists In Foxholes
“Here is my new prediction.”
Trump Has Shortlist For Fed, Yellen Not Expected To Get The Nod
“Now what do you got? Anarchy. You got anarchy.”
Hurricane Damage: Full Week Ahead Preview
Ok, well it’s Sunday which means, barring Trump wandering into a nuclear war in the next several hours, tomorrow will be Monday. This week they’ll be a lot of talk about…
The Noisy Status Quo
“This is an environment that is bearish for volatility. It fosters further complacency and encourages continued vol selling.”
Central Banks Have ‘Aided And Abetted Market Manipulation’: No One Read This Speech By Kevin Warsh
“The guild is unwise to treat financial markets as some beast to be tamed, cub to be coddled, or market to be manipulated. Too many policymakers appear in thrall to financial markets, and financial markets are in thrall to policymakers, but only one of them will get the last word.”
Dollar, Yields Jump As WSJ Says Trump Met With Warsh On Fed Job
“President Donald Trump and Treasury Secretary Steven Mnuchin met with Kevin Warsh on Thursday to discuss his potential nomination as the next Federal Reserve chairman.”
‘Keep One Eye On Left Field’: Here Are The Most Important Q4 Market Themes
“As always, keep one eye on left field for the “unknown unknown” that could shift the market’s thinking.”
What, No Nukes?
There’s always tomorrow.
Transparency: The Dark Side
Ok, who’s ready to take another look behind the “fourth wall?”
‘Tell That To Rain Man’
“Either way, you gotta be super smart to run a country and sell vol. buddy, okay? It’s not easy.”
What The Heck Is Goin’ On?
“The truth of the matter is that the market doesn’t know how to interpret the Fed.”
1 Million.
“It’s not crazy”…
In 2020, It All Goes ‘Horribly Right’
“So hang in there, volatility longs. Only three more years ’til it all goes horribly right!”
Goldman Answers All Of Your Questions About The September Fed Meeting
Q: Will the FOMC hike the funds rate in December?
A: Yes, probably.
La, La, La.
Finally, in case you haven’t had enough of “connecting the dots” today, here’s another exercise for you…
Fed Decision: Highlights, Redline, Dots, Projections, Analysis
“Connect the dots”…
Dollar, Yields Rise While Stocks, Gold Dip On ‘Hawkish’ Fed
The Fed still sees another hike in 2017, perhaps proving that they are in fact leaning in the direction of looking through subdued inflation in the interest of safeguarding financial stability.Â
Apocalypse Now (Again).
Well for those who had their doom bunkers all prepped and ready, there’s “good” news on Tuesday – the apocalypse is back on.
‘We Fear Gold, Bonds, And Stock Prices May All Suffer A Sudden Drop’
“With the Fed’s balance sheet poised to contract and financial conditions set to tighten either steadily or abruptly, we fear gold, fixed income, and equity asset prices may suffer a sudden drop.”
Waving Goodbye To Our $4.5 Trillion Friend…
Nothing profound, just a retrospective as we wave goodbye to our $4.5 trillion friend…
Janet. Fed Preview
Good luck out there – your fate rests on the shoulders of a diminutive economist with a pixie cut…
How To Trade The Fed’s Big Announcement And Why There Won’t Be A ‘Tantrum’
Given the well-choreographed and gradual adjustment, we expect that asset markets will avoid another ‘taper tantrum.'”
Have You Heard The One About Janet Yellen And The Hurricanes?
So when it looked like the last, lonely U.S. reflationist was about to throw in the towel, it felt like everyone was suddenly scrambling around to explain why yields were too low – maybe in an attempt to appease the market Gods who are thought to dislike crowded trades.
This Is The ‘Trickiest’ Thing For Today’s Macro Traders
As Bloomberg’s Cameron Crise notes, this is “a particularly acute issue for currency and bond traders,” but given the fact that the fate of the risk rally depends in no small part on whether policymakers exhibit an “appropriate” level of dovishness as they attempt to normalize, one could well argue that it’s even more “acute” for equity investors, especially considering the fact that the retail variety isn’t usually very informed and is thus subject to being unhedged and blindsided.
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