“These expectations are likely to diminish the impact on spending from a quarter-point rate cut”.
Category: Markets
ECB Hawks Go Hunting, Say Draghi May Have Made ‘A Mistake’ With New Easing
“There are increasing signs of scarcity of low-risk assets [and] distorted pricing”.
Janet Yellen: Trump’s Call For Negative Rates To Refinance America’s Debt ‘Long Rejected’
But “no one wants to be Japan”.
Christine Lagarde Inherits ‘Unprecedented’ ECB Split After QE ‘Revolt’
Dissenters in our midst.
Jeff Gundlach Is ‘On Recession Watch’, Sees 75% Chance Of Downturn Before Election
“We’re getting closer but we’re not there yet”.
If You’re Looking For Inflation, Health Insurance Costs Are Rising Faster Than Ever
Also, core prices are up and wages are rising, putting the Fed in a box.
Trump Said To Consider ‘Limited’ Trade Deal With China, White House Denies Report
Decelerating domestic economy may be kryptonite for “Tariff man”.
Draghi Sees Scope For New QE To Last ‘Quite A Long Time’ As ECB Slashes All Inflation Forecasts
“QE-Infinity” is real – with a caveat.
Trump Lashes Out At Mario Draghi Again, Says ‘Bonehead’ Powell ‘Just Sits And Sits’
“They are trying, and succeeding, in depreciating the Euro”.
ECB Cuts Rates, Restarts Open-Ended QE, Announces Tiering, Enhances Forward Guidance
Draghi comes through with multi-faceted easing package – will it be enough?
Turkey’s Captive Central Bank Delivers Another Large Rate Cut For Erdogan
It still won’t be enough for the autocrat, though.
Trump Delays Tariffs On $250 Billion In Chinese Goods Citing China’s Anniversary Celebrations
Incrementally positive – until the next escalation.
Here’s The Important Subtext Of Marko Kolanovic’s Latest Market Outlook
“Uncertainty has erased confidence built over a decade”.
‘Even Short-Lived Rotations Could Be Powerful’: Goldman Weighs In On Momentum Massacre, Factor Turmoil
“The triggers in the short run could be geopolitical”.
German Economy To Enter Recession This Quarter As Trump ‘Poisons’ Investment: IfW
“The German economy is facing one of the weakest years since the financial crisis”.
Trump Demands Negative Rates, Calls Jay Powell, Fed ‘Boneheads’ In Wild Screed
“The USA should always be paying the the lowest rate”.
It’s ‘August In Reverse’ As Bond Selloff Worsens
This comes with the obligatory caveat that a single tweet could send everyone scurrying to safety, pushing yields back lower.
Marko Kolanovic Weighs In On This Week’s Dramatic Factor Rotations, Delivers Near-Term Market Outlook
“By just looking at the price of the S&P 500 one cannot see the true state of equity markets”.
US, China Discussing Text Of Trade Agreement, Beijing May Buy Farm Goods: Report
Take it all with a grain – or maybe a whole shaker – of salt.
Nomura’s McElligott On Monday Momentum Massacre: ‘One Of The More Stunning Trades In Modern Market History’
“And yet HILARIOUSLY, Joe Schmoe retail investor looking at simple Index returns wouldn’t have had ANY idea of the calamity occurring”.
Liquidity Is Improving In Stressed Markets, Goldman Says – But Don’t Let Down Your Guard
“Markets dominated by computers have different characteristics than those run by people”.
The Ride Of The Valkyries: SocGen’s Juckes Has Visions Of ‘Bond Vigilante Gun-Ships’
Don’t get too excited – it’s a correction, “not a turn in the trend”.
What Happens If The Nascent Bond Selloff Has Legs?
Don’t burst my bubble.
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