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Category: Markets

The Bull That Just Wouldn’t Die

December 14, 2019November 3, 2020

But, you know what they say about the “best laid plans of mice and men”…

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3 Comments on The Bull That Just Wouldn’t Die

Trade Deal ‘Narrower-Than-Expected’, May Limit Yield Rise In ’19, Goldman Says

December 13, 2019December 14, 2019

“This is a narrower deal than we were expecting”.

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‘Tariff Man’ Flops: China Gets Relief, US Gets Influx Of Chinese Catfish

December 13, 2019December 13, 2019

Kryptonite.

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3 Comments on ‘Tariff Man’ Flops: China Gets Relief, US Gets Influx Of Chinese Catfish

China Announces Some Details Of Nine-Chapter ‘Phase One’ Trade Deal With Trump

December 13, 2019December 14, 2019

The phase one deal contains nine chapters.

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3 Comments on China Announces Some Details Of Nine-Chapter ‘Phase One’ Trade Deal With Trump

High Drama, As Fresh Trade Doubts Emerge Amid ‘Radio Silence’, Dispute Over Farm Buys

December 13, 2019December 13, 2019

“This is a delicate situation”.

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‘It’s Turning Into A Merry Christmas’: Global Rally Gains Momentum As Macro Risks Recede

December 13, 2019December 13, 2019

It’s Trump’s rally to lose…

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4 Comments on ‘It’s Turning Into A Merry Christmas’: Global Rally Gains Momentum As Macro Risks Recede

Macro Clouds Lift As Brexit Path Clears, Trade Deal Coalesces, Lagarde Settles In

December 12, 2019December 14, 2019

The fog is lifting…

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Fed Unveils $365 Billion In Term Repos, Other ‘Bells And Whistles’ To Smooth Year-End

December 12, 2019December 12, 2019

“A safety valve”.

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China Deal ‘In Principle’ Turbocharges Stocks, Sends Bonds Tumbling

December 12, 2019December 12, 2019

High drama, as General Trump engages in all-day brinksmanship before signing off on the deal.

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1 Comment on China Deal ‘In Principle’ Turbocharges Stocks, Sends Bonds Tumbling

Christine Lagarde Is A ‘Wise Owl’, Isn’t Sure Who (Or What) You Are.

December 12, 2019December 14, 2019

A decent debut, complete with a memorable quote.

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2 Comments on Christine Lagarde Is A ‘Wise Owl’, Isn’t Sure Who (Or What) You Are.

China Deal All But Done. Trump Says ‘VERY’ Close, Dow Jones Tips Tariff Rollbacks

December 12, 2019December 12, 2019

“They want it and so do we!”

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6 Comments on China Deal All But Done. Trump Says ‘VERY’ Close, Dow Jones Tips Tariff Rollbacks

Aramco Touches A ‘Princely’ $2 Trillion Valuation, But Skeptics Abound

December 12, 2019

Ultimately, there’s no escaping the fact that the behemoth is a money printing machine.

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Lagarde Era Begins At ECB

December 12, 2019December 14, 2019

Stepping out of the shadow.

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Fed Stands Pat In First Unanimous Decision Since May; Dots Show Policy On Hold Through 2020

December 11, 2019December 11, 2019

“…policy is appropriate”.

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1 Comment on Fed Stands Pat In First Unanimous Decision Since May; Dots Show Policy On Hold Through 2020

‘Perspective Is Not A Static Concept’: Kocic Delivers 2020 Vol. Outlook And It Is Quite Something

December 11, 2019December 12, 2019

“A consequence of our reaction to the underlying informational overload”.

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Limit-Up Debut For Saudi Aramco Gets Crown Prince Closer To ‘Magic’ $2 Trillion Mark

December 11, 2019December 11, 2019

A laughably overwrought ceremony at the Fairmont in Riyadh featured green lasers…

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1 Comment on Limit-Up Debut For Saudi Aramco Gets Crown Prince Closer To ‘Magic’ $2 Trillion Mark

The Case For Gold, According To Goldman

December 10, 2019December 10, 2019

From central banks to MMT and back again.

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1 Comment on The Case For Gold, According To Goldman

Nomura’s McElligott On A Possible ‘Impulse Gap Higher’

December 10, 2019

“The market has [a lot of] protection which will get sold”.

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December Tariffs Seen Delayed, But Mercurial Trump Is Wildcard

December 10, 2019December 10, 2019

It’s worth noting that there is no real “consensus” (per se) on what a delay without an interim deal would mean for markets.

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2 Comments on December Tariffs Seen Delayed, But Mercurial Trump Is Wildcard

Last Week, One Bank Found ‘The Most Depressing Chart Ever!’ Here’s A Followup

December 9, 2019

The problem: You’ve got to be willing to “take on liquidity risk”.

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Marko Kolanovic Delivers 2020 Outlook, Sees Higher Stocks, Better Macro

December 9, 2019December 9, 2019

“At the depth of the market selloff last December, we set a controversial S&P 500 price target of 3,100 for 2019”.

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What Are The Odds Of A Bear Market? Goldman Drills Down

December 9, 2019December 9, 2019

The good, the bad, the bearish and the bullish.

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Make It 3 Out Of 3 On Oversubscribed Repos Covering Year-End Turn

December 9, 2019December 9, 2019

One almost gets the sense that people will be disappointed if there aren’t any fireworks.

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Monday ‘Green Shoots’ As Germany, Japan Deliver Upside Surprises On Key Data

December 9, 2019December 9, 2019

Still, nobody should get too excited.

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World’s Biggest Auto Market Extends Historic Slump As China Car Sales Fall 17 Months Out Of 18

December 9, 2019December 9, 2019

To call this “unprecedented” would be to grossly understate the case.

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FX Trading Is ‘Increasingly Complex And Fragmented’, And Volatility Is Near Record Lows. What Could Go Wrong?

December 8, 2019

“The current market configuration has emerged largely during a prolonged period of low volatility”.

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No Pain On Wall Street, Main Street? No Gain In Quest To End Trade War, History Shows

December 8, 2019December 9, 2019

It would be both correct and incorrect to say the week ahead will be all about trade.

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