Category: irma

10Y dollar Dow ECB euro FX gold irma kim jong-un loonie north korea S&P 500 USDCNY yen

‘The Clocks Stopped At 1:17’…

Ok, get ready.

For now, the fiscal-chaos-can has been kicked, Harvey is behind us, and North Korea’s latest nuclear test has come and gone.

But dead ahead is Irma’s landfall in Florida, North Korea’s “founding day” (which by most accounts will be “celebrated” with an ICBM launch), and of course, more gridlock in D.C. We are, figuratively and literally, in the eye of the storm on Friday.

10Y CTA DACA debt ceiling deflation dollar Dow ECB euro europe FX gold harvey irma north korea S&P 500 south korea yen yuan

Death By A Thousand Cuts.

The bottom line is that between another powerful hurricane approaching the U.S. mainland, U.S. markets catching up with their global counterparts in terms of pricing in North Korea after the long weekend, the DACA decision which portends more bickering in Washington, and the looming debt ceiling debate (with the specter of a technical default showing up in today’s decidedly poor 4-week bill auction), it was death by a thousand cuts.