Recapping key talking points….
Category: Markets
Up, Up And Away: Holiday Melt-Up Proceeds Apace
In these ebullient times, let us not forget the proverbial reason for the season.
China’s Industrial Profits Stage Sharp Rebound After Worst Plunge On Record
This should allay some fears – and we emphasize “some”.
Chupacabra.
Of Bigfoot, Bat Boy and other tall tales.
Blue-Chip Corporate Bonds Just Had The Best Year In A Decade. Now What About 2020?
“There’s only one game in town”, but is it a good game?
2019 Was The 9th Smoothest Year In History For US Equities (By One Measure, At Least)
And while we’re at it, let’s talk about gold.
As Tewoo Default Fires Up Doomsday Crowd, China To Roll Out SOE Reform
“World-class companies”.
From Turkey To China To Japan, Global Equities Buoyant In Holiday-Thinned Trade
Everywhere you turn, something’s higher.
As Defaults Soar, China Promises World’s Second-Largest Bond Market Won’t Be Nightmare For Creditors
It’s impossible to fathom what a true default cycle might look like in China.
Yen, Pound See Wild Swings Amid Lack Of Adult Supervision
“Nobody is trading now”.
A Year On, Markets No Longer Haunted By Ghost Of 2018 Christmas Massacre
And a partridge in a pear tree.
Potpourri! 9% Premiums, Weak Business Investment And Undersubscribed Repos
Here are some notables that may fly under the radar.
Vanguard Says Equity Volatility ‘Unsustainably Low’, 50% Odds Of Correction In 2020
Caution is warranted, according to the mammoth collector of assets.
China Shares Dive, Are Not Amused With ‘Big Fund’ Selling Of Semi Stakes
“The overall market sentiment remains strong”.
Questioning ‘Life Above 2%’ And Pondering The ‘Long-Dated Rates Catastrophe Option’
A large, sustained bond selloff isn’t likely, but…
Bonds Dictated The Action In 2019. They May Hold The Keys In 2020 Too
“…equities soon needed yields to rise to be able to do the same”.
Melt-Up Or Euphoria? A Rose By Any Other Name…
And yet, it doesn’t have to end now.
Nomura’s Charlie McElligott Delivers 2020 Macro Outlook: ‘My View Is Much More Realistic’
“As a contrarian, consensual group-think views into the year-ahead are often exaggerated”.
Carry On. There Are Stocks To Buy.
Lacking impediments, global stocks summit ever higher peaks.
Don’t Be So ‘Sensitive’: How Much Will The Data Matter For Markets In 2020?
“Data dependent”, so to speak.
This 2s10s Curve Is Still Inverted…
And has been for the better part of two years.
What To Know About The Biggest Chinese Liquidity Injection Since January
It’s worth taking a few minutes to understand the specifics.
Riksbank ‘Sadomonetarists’ Exit Negative Rates To Fanfare
Cue Paul Krugman.
Stanley Druckenmiller: ‘This Crazy President Saying We Need Negative Rates Is Most Anti-Capitalist Idea Ever’
“This administration, with wondering about where the hell the next bomb is coming from”…
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