Now, in 2020, it’s not clear where we are, besides on the border of lost credibility.
Category: Markets
Zoltan Pozsar Takes On COVID-19: ‘Use The Swap Lines, An Uncapped Repo Facility And QE’
“Dollar funding is always the orphaned child of crises”.
Pop Your Collar, The Black Swan Is Here.
Things didn’t go according to plan.
Steve Mnuchin Says ‘There’s No Reason’ To Halt The Stock Market (And 10-Year Yields Make History)
“…the markets are working properly.”
Coronavirus Selloff Resembles Lehman In One Key Respect. Will The Emergency Fed Cut Change That?
Is your parachute working?
Fed Delivers Emergency 50 Basis Point Rate Cut Amid Virus Scare, Oversubscribed Repos
“Whatever it takes”, I suppose.
Nomura’s McElligott Explains The Market’s ‘Embedded Short’, Looks Ahead
And yet, through it all…
RBA Cuts Rates, BoJ Shows Resolve As Central Banks Take Aim At Virus
It’s at least possible market participants will view the RBA’s cut as too little, and the BoJ’s liquidity ops as meaningless.
One Strategist Is ‘Taking Profits As Soon As Possible’ After Best Surge Since 2009
Everyone bought the G-7 teleconference “rumor”. Will they sell the news?
A (Dove’s) Wing And A Prayer.
Either way…
Recession Ahoy?
Printing presses vs. pandemics.
ISM Manufacturing Hangs Tough, But Virus Concerns Are Pervasive
“Coronavirus continues to be front and center as a major supply chain risk to our company.”
The Cat’s Out Of The Bag.
Traders have questions.
Here Is The OECD’s Full Assessment Of The Threat From The Coronavirus
Including the “domino scenario”.
A Doomed Cavalry Charge? Rates Rage On Wild Central Bank Easing Speculation
Now these are some “great expectations”.
New York Gets The Virus, Buttigieg Quits Race, Caixin Crumbles In Monday News Deluge
Welcome to the new week. Enjoy your stay.
‘Defining Moment’ For Markets As BoJ Kicks Off Central Bank Response After Dire Weekend News Flow
“Be prepared and dust off the crisis playbook”.
Sometimes, The Entire Edifice Simply Implodes
“Which investors drove this selloff?” Another market “whodunnit”.
Mideast Stocks Plunge After $80 Billion Wipeout, As Virus Panic, Crude Collapse Weigh
Needless to say, oil’s worst week since the crisis didn’t help.
‘So, It Was Right Not To Buy The Dip’: Traders Warily Eye New Week As US Reports First COVID-19 Death
“…spilt milk, under the bridge”.
China’s February PMIs Are Out. They Are Awful.
Just as the audience still gets a thrill from clichéd plot devices in horror movies…
Getting Involved.
In the space of just seven trading days, US equities went from bubble to bust.Â
All Bets Are Off.
“Unimaginable violence” and emergency intervention…
Something’s Gotta Give: Bonds Most Overbought Since LTCM, Consumer Sentiment At Cycle Peak
“Not to put too fine a point on it, but”…
Libor Collapses Most Since 2008
“And yet, hanging over it all is the only question that really matters”…
You must be logged in to post a comment.