“Greenspan actually believed that all those analysts making these high and higher LT eps forecasts independently couldn’t be wrong”.
Category: Markets
Investors Who RSVP’d For World War III Now Ditching Gold, Yen
Who needs insurance when the shooting war is called off and the trade war is on hold?
Inflation Comes In Cool, Underscoring Fed Patience
The narrative persists.
Nomura’s McElligott: ‘It’s Getting Hot’, But ‘Perpetually Easy’ Fin Conditions ‘Keeps Train Rolling’
The proximate cause is no secret.
Skeptics Flag ‘Simply Ludicrous’ Stock Valuations, ‘Unprecedented’ Divergence Amid Central Bank Support
…depending on how hard the Fed wants to punch, that is a fight that is difficult to win.
Don’t Call It A Bubble: Nasdaq Floats Off Into Stratosphere As ‘Other 1 Percenters’ Conjure 1999 Parallel
When it rains bullish catalysts it pours, but under the hood, questions linger around the reflation narrative.
In ‘Dramatic Shift’, US Credit Investors No Longer Fear Recession
In other words, there’s a sense in which recession fears really aren’t “elevated” anymore.
JPMorgan Asks: Is This The January 2018 Melt-Up All Over Again?
…it’s not hard to create scary-looking visuals.
‘Boris Bounce’ In Jeopardy As BOE Doves, Dour Data Trigger Pound Pain
Remember, the UK still needs to negotiate a post-divorce trade deal with the EU by the end of the year.
Big Week Starts With Key Assets Looking To Retrace 2019’s Trade War Moves
As Trump would say: “We’ll see what happens”.
The Earnings Recession Is Finally Here. Apparently, That Just Means Buy Stocks
We’ve been over this before
Reflation Trade Faded In 2020’s Opening Days As Reversal Strategy Is ‘Bang-On’
Maybe the “slow-flation” trade isn’t a “relic” after all.
‘Mind The Lesson From 2008’ As Private Asset AUM Booms Despite Hedge Fund Underperformance
“While warehousing more illiquidity risk is not a problem for long-term investors in normal times”…
Repo Apocalypse Was Averted. Now What?
“It is too early to break out the ‘mission accomplished’ banner”.
Powell In 2014: The Dot Plot Is A Lot Like Chernobyl
“Plain English”.
Nomura’s McElligott: ‘It Would Take An Enormous Macro Shock’ To Tip Systematic Dominoes
“This VERY ‘Long Gamma’ dynamic continues to act as a market shock-absorber”.
As Stocks Power To Nosebleed Levels, Even Jeremy Siegel Is Worried
Spoiler alert: It’s been a “momentum-driven market” for a long, long time, Jeremy.
97% Of CFOs Say US Economy Is Headed For Downturn, 77% Say Stocks Overvalued
If some of this sounds overtly negative to you, don’t worry…
The Case For The Fed Cutting Rates Back To Zero
“…you cannot fight a recession with only one or two rate cuts”.
Remember The Trade Deal? China RSVPs For Trump’s ‘Phase One’ Party
Gao said he has no additional information to offer about the terms of the deal.
It’s A Stampede! Fading War Fears Trigger Global Running Of The Bulls
“…everything really is awesome”.
China Inflation Sticks Near Seven-Year High, PPI Deflation Eases
Better at the margins, it appears.
Iran ‘Stands Down’, Bulls Stand Up In Epic Reversal On Wall Street
Better than 80% of S&P 500 stocks are perched above their 200-day moving average.
For Saudi Aramco, Threat Of Retribution Overshadows Oil Spike In Iran Drama
“Not good, not good”.
Markets Whipsawed As Ghost Of Qassem Soleimani ‘Goes Bump In The Night’
“Be careful about bullishness at the close of the US trading”.
Markets Upended By Iran Strikes. Trump Says ‘All Is Well’
Some have suggested this is really nothing more than a “token” response from Tehran.
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