Art of the walk-back.
Category: Markets
Nomura’s McElligott: Early Summer Melt-Up ‘Most Likely Scenario’ Despite ‘Spectacular’ Global PMI Destruction
The same old “force-in” narrative underpins the bull thesis.Â
Mainland Surge.
Monday’s knee-jerk euphoria comes with all the usual caveats.Â
Risk-On, But For How Long? The Data Is Dour
Ultimately, the data continues to come in soft.
A Global Affair: Full Week Ahead Preview
Everything is in play.
Trump On Stocks: ‘People Want This Thinking’ (Points To Own Brain)
“It’s unbelievable the sort of twilight zone that we’re living in”.
Winners, Losers And The Future Of The Trade War Post-G20
“…any deal, if any, will likely be weaker than the 150-page ‘grand deal’”.
‘He’s Rolling In A Trojan Horse’: Trump’s Huawei Relent Draws Jeers From Schumer, Rubio, Kyle Bass
“Trump might be rolling it into our gates”.
Putin, MBS Agree To Extend Oil Output Cuts, Making OPEC+ Meeting A Formality
And so, that’s that, it would seem.
Ceasefire 2.0: Trade Talks ‘Right Back On Track’ After Trump, Xi Have ‘Excellent’ G20 Meeting
“As good as it was going to be”.
Make PMIs Contractionary Again!
As ever, the perverse silver lining is…
As Trump Said Unlikely To Lift Huawei Ban, Kudlow Cries ‘Fake News, Just For The Heck Of It’ – Or Something
“Look, let’s see what happens”.
Albert Edwards: ‘By Hook Or By Crook, Jerome Powell Will Be Out’ If There’s A Recession
“If this is what President Trump is like now, imagine if I am right”…
Market-Implied Odds Of Trade Resolution Collapsed From 80% To 7% Last Month. Here’s Where They Are Now
Enjoy any truce while it lasts.
Chips, Crude And Today’s ‘Pain Trade’
A few quick points.
How Micron Beat Trump’s Huawei Ban
“Life, uh…Â finds a way”.
US Sets Low Bar For Trump-Xi G20 Meeting, Official Says
At least low bars are easy to clear.
When Is A Dove Not A Dove? Bullard, Powell Tuesday Tag Team Fails To Inspire
“We are human and we make mistakes”.
Visualizing The ‘Market Zeitgeist’
Eye candy for the congregation.
Are China’s Banks Next? WaPo ‘Death Penalty’ Report Rocks Chinese Financial Shares
“The ruling means Attorney General Barr or Treasury Secretary Mnuchin can terminate the bank’s ability to process US dollar transactions”.
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