“Price movements over this summer once again clearly emphasized the spot/gamma/realized vol dynamics”.
Category: Markets
‘Why, Just Out Of Curiosity?’: Watch Trump Ask Mnuchin To Explain Canceling China’s Farm Visits
All you can do is shake your head.Â
Bullard Talks Up Standing Repo Facility To Fix Funding Squeeze, Says Negative Rates Are Unhealthy
“You probably would not have to use it most of the time”.
Trio Of Economists Say Trump’s Twitter Account ‘Poses Significant Threat To Central Bank Independence’
This is “strong evidence”.
The US Economy Is Good, Bad And Ugly
The US economy has peaked and nonfarm payroll growth is set to slide, says possibly spurious conjecture.
‘Markets Were Not Effectively Distributing Liquidity’: John Williams ‘Explains’ Repo Chaos, Paves Way For QE-Lite
“This episode reminds us all of the importance of having well- functioning markets”.
Another Growth Scare? From France To South Korea To Down Under, Fresh Data Paints Dour Picture
We’re not out of the dark woods yet.
Nomura’s McElligott Talks ‘Unshackled’ US Equities Amid ‘QE-Lite’ Anticipation
Mind the post-crisis “muscle memory” for the majority of equities investors.
‘Simply Awful’ German Factory Slump Spills Over, As Economy Careens Towards Recession
“All the uncertainty is paralyzing order books”.
Trump Not Yet Facing Enough Political Pressure To Strike Trade Deal With China, Goldman Says
The trade war is unpopular, but…
‘It’s Troubling When The Unthinkable Becomes Routine’: BIS Warns Monetary Policy ‘Needs A Helping Hand’
“Markets oscillated. Trade tensions pushed them down; monetary policy propelled them up.”
China’s Cancelation Of Montana Farm Tour Had ‘Nothing To Do With Trade Talks’: Report
Good news, apparently.
Asset Prices Say US ‘Less Than A Month’ Away From The End Of Cycle, Model Shows
The end is nigh for the US, according to one bank.
Trump Races To Milk India For Nut, Dairy Concessions In Quest For Trade Deal With ‘Howdy Modi’
Another “limited” agreement, apparently.
‘A Whatever It Takes Signal’: Fed’s ‘Big Bazooka Of Liquidity’, Sets Up ‘QE-Lite’ In October
After a remarkable week, all eyes turn to October.
Chinese Officials Decide They Don’t Need Montana Tour, Would Rather Just Go Back Home
Something is amiss, apparently.
Fed Admits Return Of Funding Stress Likely, Announces More Repos, Term Ops
The Fed appears to be waking up to the reality of the situation.
Germany’s Sacred ‘Black Zero’ Survives Climate Plan, As Fiscal Stimulus Hopes Still Remote
Maybe an outright, broad-based downturn would be more compelling.
Eric Rosengren: Rate Cuts Risk ‘Further Inflating The Prices Of Risky Assets’
“Lowering rates to address uncertainty is not costless”.
‘Moreover, The Yield Curve Is Inverted’: Jim Bullard Explains Why He Wanted A Big League Rate Cut
“The following considerations factored into my decision”.
China Cuts One-Year Loan Prime Rate, But Holds Fire On Repo Rates
Curb your enthusiasm.
Fed Risks Stop Outs, ‘Disorderly Unwinds’ In Slow Response To Funding Squeeze, One Bank Warns
Some analysts and market participants are not amused.
Xi’s Media Man, Trump’s China Muse Frustrate Markets With Aggressive Trade Banter
“The tariffs could go to 50% or 100%”.
Fate Of The Universe Now Hinges On Germany, $683 Billion In AUM Says
Loosen the damn purse strings.
OECD Calls For ‘Urgent’ Action As Growth Outlook Slashed To Weakest Since Crisis
The trade war is “jeopardizing our economic future”.
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