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Category: Markets

Bazooka Stimulus, Buying Time And Virus Utilitarians

March 28, 2020March 28, 2020

“I want to take actions that will provide a concentrated, short-term boost in demand”.

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7 Comments on Bazooka Stimulus, Buying Time And Virus Utilitarians

Where’s The Floor?

March 27, 2020March 28, 2020

“The scale of the policy panic is astonishing.”

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12 Comments on Where’s The Floor?

Good News, Bad News And Wasted Time

March 27, 2020March 27, 2020

“Always a mess.”

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2 Comments on Good News, Bad News And Wasted Time

Have We Seen The Worst Of The Dollar Delirium? Asking For The Entire World

March 27, 2020March 27, 2020

One more time: It’s much safer out there when the dollar isn’t going vertical.

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1 Comment on Have We Seen The Worst Of The Dollar Delirium? Asking For The Entire World

Bond Bubble Bursts In ‘Stunning’ Outflow Deluge. BofA Bull & Bear Indicator Hits 0.0

March 27, 2020March 27, 2020

“The liquidation vortex”…

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5 Comments on Bond Bubble Bursts In ‘Stunning’ Outflow Deluge. BofA Bull & Bear Indicator Hits 0.0

Bazookas Of The North And Tough Indians.

March 27, 2020March 27, 2020

Canada slashes rates to the lower bound, launches QE. India moves to dodge collapse.

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2 Comments on Bazookas Of The North And Tough Indians.

Is It Over Yet?

March 27, 2020March 27, 2020

“We’d just as soon it could be over”.

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2 Comments on Is It Over Yet?

Profits At China’s Industrial Firms Plunge A Laughable 38.3% Thanks To Annoying Virus

March 26, 2020

More smoldering wreckage.

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3 Comments on Profits At China’s Industrial Firms Plunge A Laughable 38.33 Thanks To Annoying Virus

$586 Billion In Five Business Days: Fed’s Balance Sheet Balloons To $5.25 Trillion

March 26, 2020March 27, 2020

Unlimited Fed buying versus a deadly, highly contagious respiratory infection. Pick a winner.

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5 Comments on $586 Billion In Five Business Days: Fed’s Balance Sheet Balloons To $5.25 Trillion

‘Nuclear’ Stimulus Bombs, No Entry To China And The Dow’s New ‘Bull Market’

March 26, 2020March 26, 2020

“It’s not even a bazooka”, Jones went on to say. “It’s more like a nuclear bomb”.

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4 Comments on ‘Nuclear’ Stimulus Bombs, No Entry To China And The Dow’s New ‘Bull Market’

Nomura’s McElligott Talks Flow Catalysts As VaR Shock Fades, Markets Eye Stimulus, Recession

March 26, 2020

“…despite everybody knowing this is just the beginning of a horrific few months of data to come.”

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2 Comments on Nomura’s McElligott Talks Flow Catalysts As VaR Shock Fades, Markets Eye Stimulus, Recession

Record Surge In Jobless Claims Suggests Unemployment Rate Rose More This Week Than Any Monthly Gain In US History

March 26, 2020March 26, 2020

“[That] would raise the unemployment rate by more than half, by 2 percentage points from 3.5% to 5.5%, moving back to 2015 levels in just one week”.

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13 Comments on Record Surge In Jobless Claims Suggests Unemployment Rate Rose More This Week Than Any Monthly Gain In US History

Jerome Powell To NBC: ‘We’re Not Going To Run Out Of Ammunition. That Doesn’t Happen.’

March 26, 2020

“Essentially, the answer to your question is ‘no'”. 

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9 Comments on Jerome Powell To NBC: ‘We’re Not Going To Run Out Of Ammunition. That Doesn’t Happen.’

Mario Draghi: This Is A ‘Biblical’ Crisis. It’s ‘War’. Scrap The Rules, Cancel The Debt, Lend To Everyone Right Now.

March 26, 2020March 26, 2020

“Much higher public debt levels will become a permanent feature and will be accompanied by private debt cancellation.”

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3 Comments on Mario Draghi: This Is A ‘Biblical’ Crisis. It’s ‘War’. Scrap The Rules, Cancel The Debt, Lend To Everyone Right Now.

Just ‘Trying To Go Up’.

March 26, 2020March 26, 2020

“Markets are all over the place at the moment – and currently trying to go up”.

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Leave a Comment on Just ‘Trying To Go Up’.

China’s $941 Billion Wealth Fund Cut Risk Parity Assets In Half Days Before Rout Worsened: Report

March 25, 2020March 26, 2020

Good timing.

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3 Comments on China’s $941 Billion Wealth Fund Cut Risk Parity Assets In Half Days Before Rout Worsened: Report

Stephanie Kelton: This Is The Lesson Of The $2 Trillion Virus Stimulus Bill….

March 25, 2020March 26, 2020

“The reality is that there is almost always enough slack in the economy to allow for an expansion of federal spending (or tax cuts) without offsets”.

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10 Comments on Stephanie Kelton: This Is The Lesson Of The $2 Trillion Virus Stimulus Bill….

Out Of Adjectives.

March 25, 2020March 25, 2020

Crazy times, historic moves.

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6 Comments on Out Of Adjectives.

Ben Bernanke: Virus Recession More Like Big ‘Snowstorm’ Than Great Depression

March 25, 2020March 25, 2020

“This is a very different animal”.

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6 Comments on Ben Bernanke: Virus Recession More Like Big ‘Snowstorm’ Than Great Depression

Coming Unemployment Crisis Plunges America’s Newly Jobless Into ‘Kafkaesque’ Nightmare

March 25, 2020March 25, 2020

“We’ve never seen anything like it”.

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4 Comments on Coming Unemployment Crisis Plunges America’s Newly Jobless Into ‘Kafkaesque’ Nightmare

$2 Trillion.

March 25, 2020March 25, 2020

“Absolutely, absolutely, absolutely”.

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4 Comments on $2 Trillion.

Marko Kolanovic Offers Hope In Coronavirus Fight With Analysis Of Kinsa Smart Thermometer Data

March 24, 2020March 26, 2020

“…the response evolves initially from under-reaction, then overreaction and then converges closer to an optimal response.”

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Find Me A Sharpie, PTJ.

March 24, 2020March 24, 2020

“I think Easter Sunday — you’ll have packed churches all over our country”.

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18 Comments on Find Me A Sharpie, PTJ.

Nomura’s McElligott: The Fed Is Now ‘Chief Risk-Taker And CIO’ (And Other Fun Market Notables)

March 24, 2020March 24, 2020

So much to backstop, so little time.

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4 Comments on Nomura’s McElligott: The Fed Is Now ‘Chief Risk-Taker And CIO’ (And Other Fun Market Notables)

Here’s What It Looks Like When Everyone Frontruns Jay Powell’s ETF Buying…

March 24, 2020

A $1 billion one-day flow bonanza.

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2 Comments on Here’s What It Looks Like When Everyone Frontruns Jay Powell’s ETF Buying…

PMIs Show US Economy ‘Decimated’ In March. Kudlow Says Trump May Reopen America Within Weeks

March 24, 2020March 24, 2020

“…that doesn’t mean we’re going to walk away from advice of health experts”.

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1 Comment on PMIs Show US Economy ‘Decimated’ In March. Kudlow Says Trump May Reopen America Within Weeks

European Economy Suffers Catastrophic Hit From Virus Measures, March Data Shows

March 24, 2020March 24, 2020

“…far exceeding that seen even at the height of the global financial crisis.”

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Leave a Comment on European Economy Suffers Catastrophic Hit From Virus Measures, March Data Shows

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