No respite.
Category: Markets
Trump Says ‘China Called Last Night’. China Says ‘Hasn’t Heard Of Such A Thing’
“I can tell you clearly that I haven’t heard of such a thing”.
Mnuchin, Kudlow Tell Cable News Trump Has Authority To Order American Companies To Leave China
“What can’t you order if you use the word ’emergency'”?
Offshore Yuan Dives To Record, Dollar-Yen Breaches Flash Crash Lows Amid Trade Woes
It starts in FX land.
Trade ‘Déjà Vu’ May Send 10-Year US Yields To All-Time Lows, Goldman Says
The bond rally may have new life.
Mideast Stocks Plunge As Trade Woes, Regional Conflict Bite
Let’s hope this isn’t a preview of what to expect on Monday.
In Twilight Zone Markets, Bonds Are Stocks And Liabilities Are Assets
“This has been no ordinary episode of reaching for yield by investors”, BofA’s Barnaby Martin
Fed Cutting Rates To Zero ‘Eminently Plausible’ After Friday’s Events, One Bank Says
If Powell’s speech rationalized a path to the lower bound, the tariff escalations “provided a shove in that direction”.
On Wall Street, A Summer Meltdown
… stunned traders, disillusioned investors and indifferent algos looked haplessly to one another for answers.Â
Spare A Thought For The Bank Of Japan On Friday
Haruhiko Kuroda has a yen problem and it just got materially worse.
‘Is That Even Legal?’ Analysts, Traders Incredulous As Friday Conflagration Engulfs Markets
“The market should have realized” this was coming.
‘The Fed Did NOTHING!’ Trump Loses Mind On Twitter After Powell Speech, China Tariffs
“My only question is, who is our bigger enemy, Jay Powell or Chairman Xi”?
Powell Emphasizes Global Slowdown, Geopolitical Turmoil In Crucial Jackson Hole Speech
“The three weeks since our July FOMC meeting have been eventful”.
Nomura’s Charlie McElligott On China Tariffs: ‘September Selloff Window May Be Pulled Forward’
“The pieces were already aligning”.
China Escalation Piles Pressure On Powell To Blunt Impact Of Latest Trade Tiff
Maybe it’s all part of the administration’s “master plan”, but we doubt it.
China Strikes Back With Tariffs On $75 Billion In US Goods
Trade wars are “good and easy to win”.
Trump Needlessly Fans Recession Flames With New Tweets Alleging Economic Conspiracy
“I always find a way to win”!
Goldman Delivers Last Minute Market Musings Ahead Of Powell In Jackson Hole
“We have not changed that baseline view”.
China To Unveil Retaliatory Tariffs On US Goods, Global Times Promises ‘Pain’
“China has ammunition”.
Markets Brace As Fed Hawks Raise Stakes In Jackson Hole
Surely he wouldn’t risk it – or would he?
A Grinning Patrick Harker Thinks Trump’s Germany Tweets Are Pretty Funny, Sees No Need For Rate Cuts
“I went along with it to get back to neutral”.
The Bubble Isn’t Government Bonds, It’s Corporate Debt And Stocks, Albert Edwards Insists
“I really start to scratch my head”.
Trump Tells Fed To ‘Fight Or Go Home’. Esther George Still Isn’t Listening .
Esther ain’t budging.
Albert Edwards: This Isn’t A ‘Bond Bubble’, It’s ‘The Next Phase Of The Ice Age’
For Edwards, there is nothing surprising about any of this.
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