“At what point does the stark disconnect between Wall Street and Main Street become a political embarrassment”?
Category: Markets
Nomura’s Charlie McElligott: There’s A ‘Remarkable,’ ‘Tectonic’ Shift Occurring In US Equities
“This is obviously what the market is debating right now in real-time”.
At 41 Million, US Jobs Lost To Virus Nearly Equal Population Of Spain
There was one bright spot in the report…
Boiling Points, Rubber Stamps And Expelled Students
“We have all along rejected a cold war mentality”.
‘It’s Toast’: China Trade Deal Seen Dead Amid Hong Kong Melee. Uighur Bill Goes To Trump’s Desk
“…a critical flaw of the deal emerges”.
Bazookas Galore, Irrelevant Court Rulings, And What’s Next After Europe’s ‘Essential Day’
“We must go quickly and adopt this ambitious agreement”.
Hong Kong, Huawei Dramatics Play Spoiler To Otherwise Bullish Narrative
“Facts on the ground”.
234 Trillion Yen. That’s A Real Number, Apparently.
“Mind-spinning”.
‘Largest Political Shift On The Continent In 30 Years’: €750 Billion EU Rescue Fund, Joint Debt To Become Reality
€500 billion will be in the form of grants.
Euphoria Now. But Three Fiscal Cliffs Loom Large
Hopefully, Mitch McConnell can be convinced.
100,000, Phoenix From The Ashes, And The China Sanctions Threat
“…ahead of schedule.”
Robinhood, Mega-Cap Mania, And Peak Perpetual Motion
“I am certain of the denouement, but it is possible its date is vastly longer than my career”.
Why A Massive Debt-To-Equity Swap May Be Coming
“…equity markets are set to experience a wave of capital raisings”.
‘Bearish Thoughts’ Will Be ‘Punished’
Onward and upward for risk.
What $600 Billion In AUM Sees For The Post-COVID World, And Why One Bank Thinks Full MMT Is Unlikely
“What are the likely structural shifts post-pandemic?”
World Trade Shrank Most Since GFC In March, Just Ahead Of Virus Lockdowns
March’s monthly decline means world trade shrank for three months straight headed into pandemic protocol.
Reopening Optimism Trumps All Other Considerations As Equities Climb Wall Of Worry
“…it does not take much analytical skill to predict a much stronger slump in the second quarter”.
‘The Air Remains Thick With Caution’: Emerging Markets Stare Down Crises In Brazil, Hong Kong
“We’ll see an HBO special about it ten or 15 years from now”.
Why Morgan Stanley Sees ‘The Return Of Inflation’ After Coronavirus Crisis
“The forces which will bring about inflation are aligning”.
Gary Cohn: Congress Needs To Be Ready To Spend $3-5 Trillion ‘At Any Given Moment’ In Crises
“We now have the knowledge that at any given moment in time, our Congress is going to need to spend $3-5 trillion”.
Protests, Tear Gas Return In Hong Kong. China Accuses US Of ‘Endangering World Peace’
Wang also cautioned that anyone who expects Beijing to pay “reparations” for the virus is “daydreaming”.
‘The Stakes Keep Getting Higher’: US-China Cold War Likely To Continue Regardless Of Who’s President
An “increasingly unstable and uncertain” world.
The Only Debate That Matters.
The long version.
Goodbye, Hertz. Don’t Come Back.
“…when you turn off the revenues, it’s a very tough business”.
High Tension, Holiday Drift.
Besides the US reopening story, the only narrative that’s likely to matter going forward is…
$7 Trillion And Signs Of Addiction.
As ever, the whole thing is a bit of a paradox.
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