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Category: Markets

Bonds Dictated The Action In 2019. They May Hold The Keys In 2020 Too

December 21, 2019December 21, 2019

“…equities soon needed yields to rise to be able to do the same”.

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Melt-Up Or Euphoria? A Rose By Any Other Name…

December 20, 2019December 21, 2019

And yet, it doesn’t have to end now.

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6 Comments on Melt-Up Or Euphoria? A Rose By Any Other Name…

Nomura’s Charlie McElligott Delivers 2020 Macro Outlook: ‘My View Is Much More Realistic’

December 20, 2019December 20, 2019

“As a contrarian, consensual group-think views into the year-ahead are often exaggerated”.

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Carry On. There Are Stocks To Buy.

December 20, 2019December 20, 2019

Lacking impediments, global stocks summit ever higher peaks.

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2 Comments on Carry On. There Are Stocks To Buy.

Don’t Be So ‘Sensitive’: How Much Will The Data Matter For Markets In 2020?

December 19, 2019

“Data dependent”, so to speak.

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3 Comments on Don’t Be So ‘Sensitive’: How Much Will The Data Matter For Markets In 2020?

This 2s10s Curve Is Still Inverted…

December 19, 2019December 19, 2019

And has been for the better part of two years.

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What To Know About The Biggest Chinese Liquidity Injection Since January

December 19, 2019December 19, 2019

It’s worth taking a few minutes to understand the specifics.

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Hacks, Brexit, Boris And Carney Replacement Search Make For Fun Times At BOE

December 19, 2019

In flux…

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Riksbank ‘Sadomonetarists’ Exit Negative Rates To Fanfare

December 19, 2019December 19, 2019

Cue Paul Krugman.

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Stanley Druckenmiller: ‘This Crazy President Saying We Need Negative Rates Is Most Anti-Capitalist Idea Ever’

December 18, 2019May 12, 2020

“This administration, with wondering about where the hell the next bomb is coming from”…

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1 Comment on Stanley Druckenmiller: ‘This Crazy President Saying We Need Negative Rates Is Most Anti-Capitalist Idea Ever’

Stanley Druckenmiller Delivers 2020 Outlook. Here Are Some Charts And Brief Color

December 18, 2019May 12, 2020

“I’m 66, I might be dead by the time it happens”.

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3 Comments on Stanley Druckenmiller Delivers 2020 Outlook. Here Are Some Charts And Brief Color

Here’s What Usually Happens After The S&P Has A Blockbuster Year

December 18, 2019

“Objects in motion”…

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1 Comment on Here’s What Usually Happens After The S&P Has A Blockbuster Year

Markets Adrift As Traders Search For Catalysts Amid Trade Lull

December 18, 2019December 18, 2019

Expect details around the trade deal to remain scant in the near-term.

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Special Delivery! FedEx Drives Up, Drops Off Box Of God-Awful Numbers. Drives Off.

December 17, 2019

It’s bad. It’s so bad.

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‘A Dramatic Turnaround’: BofA’s December Fund Manager Survey ‘Confirms The Bulls Are Back’

December 17, 2019December 17, 2019

More “FOMO” feeling as recession risk is rapidly priced out.

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Do You Know What Would Be, Like, ‘Sooo Great’ For The Economy? Donald Trump Does.

December 17, 2019December 17, 2019

“Zoom!”

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Albert Edwards Adds Sellside Bond Yield Forecasts To Benjamin Franklin’s Short List Of Life Certainties

December 17, 2019December 17, 2019

“…the symptoms of a congenital condition so deeply ingrained it will never change”.

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So, The Pound Is Plunging. Turns Out A Crash-Out Brexit Is Still In Play

December 17, 2019

Just another day in geopolitical hell.

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2 Comments on So, The Pound Is Plunging. Turns Out A Crash-Out Brexit Is Still In Play

Get The Swords, Saudi Aramco Falls For First Time Since IPO

December 17, 2019

It’s an “exceptional company”.

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‘Run-Bull, Run’

December 16, 2019December 17, 2019

“Our policy machinery is going full speed ahead”.

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S&P 500 Vs. NIPA: The Great Profit Debate

December 16, 2019December 16, 2019

Another “who you gonna believe?” moment.

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‘The Brighter News Needs To Be Caveated’: Decent US PMIs Mask Average Economy

December 16, 2019

Good. But not “great” (“again” or otherwise).

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Nomura’s McElligott Explains The ‘QE-Like Stasis’ Of An ‘Everything Works’ Market

December 16, 2019December 16, 2019

So, is there any risk? Well, yes.

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2 Comments on Nomura’s McElligott Explains The ‘QE-Like Stasis’ Of An ‘Everything Works’ Market

Lots Of Beta, But No Alpha Makes Jack A Dull Boy

December 15, 2019December 16, 2019

A familiar tale, but one worth (briefly) retelling…

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Will 2020 Be The Year ‘Politicians’ Implied Vol’ Finally Overwhelms Central Banks?

December 15, 2019December 15, 2019

“…there have been periods during which volatility has returned, but central banks have largely succeeded in beating back the turmoil”.

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Mind-Boggling Local Government Debt Dynamics Should Probably Worry China Watchers In 2020

December 15, 2019December 15, 2019

Much like China’s labyrinthine shadow banking complex, this is a laughably (and notoriously) convoluted setup.

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Here Are The ‘5 Common Questions’ Goldman Received On Their 2020 Outlook For US Stocks

December 14, 2019

What if?

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