Another “who you gonna believe?” moment.
Category: Markets
‘The Brighter News Needs To Be Caveated’: Decent US PMIs Mask Average Economy
Good. But not “great” (“again” or otherwise).
Nomura’s McElligott Explains The ‘QE-Like Stasis’ Of An ‘Everything Works’ Market
So, is there any risk? Well, yes.
Lots Of Beta, But No Alpha Makes Jack A Dull Boy
A familiar tale, but one worth (briefly) retelling…
Will 2020 Be The Year ‘Politicians’ Implied Vol’ Finally Overwhelms Central Banks?
“…there have been periods during which volatility has returned, but central banks have largely succeeded in beating back the turmoil”.
Mind-Boggling Local Government Debt Dynamics Should Probably Worry China Watchers In 2020
Much like China’s labyrinthine shadow banking complex, this is a laughably (and notoriously) convoluted setup.
The Bull That Just Wouldn’t Die
But, you know what they say about the “best laid plans of mice and men”…
Trade Deal ‘Narrower-Than-Expected’, May Limit Yield Rise In ’19, Goldman Says
“This is a narrower deal than we were expecting”.
China Announces Some Details Of Nine-Chapter ‘Phase One’ Trade Deal With Trump
The phase one deal contains nine chapters.
High Drama, As Fresh Trade Doubts Emerge Amid ‘Radio Silence’, Dispute Over Farm Buys
“This is a delicate situation”.
‘It’s Turning Into A Merry Christmas’: Global Rally Gains Momentum As Macro Risks Recede
It’s Trump’s rally to lose…
China Deal ‘In Principle’ Turbocharges Stocks, Sends Bonds Tumbling
High drama, as General Trump engages in all-day brinksmanship before signing off on the deal.
Christine Lagarde Is A ‘Wise Owl’, Isn’t Sure Who (Or What) You Are.
A decent debut, complete with a memorable quote.
China Deal All But Done. Trump Says ‘VERY’ Close, Dow Jones Tips Tariff Rollbacks
“They want it and so do we!”
Aramco Touches A ‘Princely’ $2 Trillion Valuation, But Skeptics Abound
Ultimately, there’s no escaping the fact that the behemoth is a money printing machine.
Lagarde Era Begins At ECB
Stepping out of the shadow.
Fed Stands Pat In First Unanimous Decision Since May; Dots Show Policy On Hold Through 2020
“…policy is appropriate”.
‘Perspective Is Not A Static Concept’: Kocic Delivers 2020 Vol. Outlook And It Is Quite Something
“A consequence of our reaction to the underlying informational overload”.
Limit-Up Debut For Saudi Aramco Gets Crown Prince Closer To ‘Magic’ $2 Trillion Mark
A laughably overwrought ceremony at the Fairmont in Riyadh featured green lasers…
The Case For Gold, According To Goldman
From central banks to MMT and back again.
Nomura’s McElligott On A Possible ‘Impulse Gap Higher’
“The market has [a lot of] protection which will get sold”.
December Tariffs Seen Delayed, But Mercurial Trump Is Wildcard
It’s worth noting that there is no real “consensus†(per se) on what a delay without an interim deal would mean for markets.
Last Week, One Bank Found ‘The Most Depressing Chart Ever!’ Here’s A Followup
The problem: You’ve got to be willing to “take on liquidity risk”.
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