I doubt it, but as Trump would say, “we’ll see what happens”…
That didn’t go so well.
Well needless to say, this was not a particularly inspiring week.
Long euro may be a crowded trade, but by God it’s worked out pretty well over the past couple of days.
Meanwhile, across the pond…
“To some extent the market’s resilience is justified; in other cases, however, it looks like a case of when rather than if potential shocks get priced in.”
It’s Russell reshuffle day, which means equities will likely be jarred out of any summer lull, if only for aContinue Reading
“In our opinion, this is not dangerous market complacency but a reflection of an abnormally tranquil macro environment, with a benign economic outlook, very supportive financial conditions, and lower political risks”…
Generally speaking, it was a quiet overnight session as traders look forward to a light calendar in the days aheadContinue Reading
“But the ECB is more than just a “passive acquirer” of assets, in our view. We think they are taking an active role in bond buying to manage the fallout from policy uncertainty (and prevent a tightening in credit conditions that would ensue if they didn’t).”
It’s Tuesday, and they’re voting in South Korea. There’s an annoying power vacuum over there at a precarious time. Here’sContinue Reading
Ok, so it’s Monday and France didn’t elect a fascist. So we’ve got that going for us. That said it looksContinue Reading
“The Euro went up a bit, down a bit and ended pretty much where it was last week. It faces two short-term challenges”…
“We are smarter than the Americans, true, but they have set the bar very low, no?”
Like father, like daughter. Crushed.