“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.”
Category: fed
‘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.
History Will Judge ‘Donald Trump’s Fed’
“History’s verdict on presidents rests more than they might wish on the competence of the Fed during their time in the White House. When it comes to those other Fed appointments, the president would be smart to reflect on what made Fischer such a good choice and strive, for his own sake as well as everybody else’s, to choose as wisely.”Â
The Trump Eclipse Bottom
“I couldn’t agree more. I think Trump staring at the Solar eclipse was the bottom for his Presidency. After that, it’s all uphill. Seriously, there is so little expected of him, he is bound to outperform.”
Ok, So What Now?
Just one more day of this before the weekend, when we’ll all get to put up the plywood and hide in the basement as Irma turns Florida into Atlantis and Kim turns Tokyo into Dresden…
Stanley Fischer Resigns As Fed Vice-Chair
FED VICE CHAIRMAN FISCHER RESIGNS, EFFECTIVE MID-OCTOBER
Holiday Road.
“Well, that’s nothing to be proud of, Rusty…. 50 yaaaards.”
One Trader Explains Why Jackson Hole Was A Whole Bunch Of Nothing
“But there was a far smarter reason why Jackson Hole reverted back to an academic exercise and post-GFC policy retrospective.”
Damned Data – Full Week Ahead Preview
Ok, so the overarching narrative for this week shouldn’t be materially different from last week
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