Maybe you heard and maybe you didn’t, but Goldman’s got themselves some trade ideas for 2018 they want to tell you about, ok?
Category: inflation
Clean Up Your Damn Junk: Full Week Ahead Preview
“This is the big one, Elizabeth!”
It’s The Oil, Stupid.
“There is no puzzle.”
Booms Don’t Die Of Old Age, They Are ‘Murdered’ By The Fed
“So when you ask what the big risk is, the answer is”…
Albert Edwards: You Are Going To Be ‘Mighty Pissed’ When Your Wealth ‘Evaporates Before Your Very Eyes’
“The risk is that the market is hugely vulnerable if it hears a distant bark, let alone feels its bite.”
The End Of Money.
What’s implicit there is that if the dynamics that “saved” the fiat regime were to reverse course, well then the untethered system could face an existential crisis.
Super Mario: Full Week Ahead Preview
As usual, the docket is full and the risks are multiplying.
CPI Misses, Dollar, Yields Fall
CPI rose 0.5% vs est. 0.6%
Ex. food, energy up 0.1% vs est. 0.2%
Close Your Eyes And Buy.
Don’t worry about the orange man.
Today’s ‘Amazon Effect’ Is Not As Large As Yesteryear’s ‘Walmart Effect’ – Yet
So that’s “not nothing” (so to speak), but guess what? It’s not on par with the Walmart effect…
What, No Nukes?
There’s always tomorrow.
La, La, La.
Finally, in case you haven’t had enough of “connecting the dots” today, here’s another exercise for you…
CPI Beats, Dollar, Yields Jump
CPI rose 0.4% vs est. 0.3%
Forecast range from up 0.2% to up 0.4% from 76 estimates
Ex. food, energy up 0.2% vs est. 0.2%
CPI y/y rose 1.9% vs est. 1.8%
The Most Important Paper Of The Next Decade
“Higher real rates, inflation and wage growth to pick up, and inequality going down. This is the opposite conclusion that almost all economists are subscribing to.”
No ‘Apocalypse Now’, But Maybe Later – Full Week Ahead Preview
This week’s market-moving events are likely to be unscheduled. Remember, Irma is still a catastrophic natural disaster even if it didn’t quite turn into a scene out of a bad Jake Gyllenhaal movie. And as the above mentioned Ben Purvis notes, “Kim Jong Un [could decide] to inject himself into the conversation again,” at any time.
(Still) Hakuna Matata?
Perhaps the most amusing thing about it all is that it’s become so ubiquitous and reliable that it can now be summarized succinctly in the form of a bullet point (and apparently “bulletproof”) investment thesis…
Deflation Is Here And The Ice Age Cometh: Albert Edwards Is Back
“I was too optimistic!”
Incomes Flatline, Spending Barely Grows, PCE Manages Not To Be Catastrophe
Well, this could have been better.
A Midsummer Night’s Dream: European Inflation Hangs In There As Euro Imperils Stock Rally
“That could be interpreted as meaning that euro gains are excessive compared to the economic improvement in the region.”
‘It Can’t Be Helped’: Japanese Inflation Refuses To Rise Despite Bajillions In Money Printing
“The BOJ has done what it can with monetary policy. It can’t be helped.”
Gradually And Then Suddenly
“But, hey, we’re hitting our numbers just fine as it stands and, if you hadn’t noticed, our stock price hit a new high yesterday. Why mess up a good thing?”
Albert Edwards And 1 ‘Quite Amazing’ Chart
“This is quite amazing given where we are in the global economic cycle.”
This ‘Party’ Has To End Eventually – But ‘Eventually’ Isn’t Today
“…market participants are understandably worried about how they will be weaned off the current highly-liquid environment.”
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