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Category: Markets

JPMorgan Disappoints: FICC Fail Drives First Profit Miss In 15 Quarters

January 15, 2019January 15, 2019

“Challenging market conditions.”

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5 Comments on JPMorgan Disappoints: FICC Fail Drives First Profit Miss In 15 Quarters

Surprise: China Tips More Stimulus As Economy Falters

January 15, 2019January 15, 2019

We’ll see what the half-life on this is.

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3 Comments on Surprise: China Tips More Stimulus As Economy Falters

Need Another Excuse To Short The Dollar? CTAs’ Extrapolated Longs Will Do!

January 14, 2019

Now if only Trump would let the government open…

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3 Comments on Need Another Excuse To Short The Dollar? CTAs’ Extrapolated Longs Will Do!

Ok, Sure! I’ll Take A Look At That Fed MBS Runoff Vs. S&P Returns Note…

January 14, 2019January 14, 2019

Let’s do some math-ing.

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1 Comment on Ok, Sure! I’ll Take A Look At That Fed MBS Runoff Vs. S&P Returns Note…

Nomura’s McElligott Weighs In On China, Stocks And Reflation Skepticism

January 14, 2019

Predictably, markets start the new week torn.

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1 Comment on Nomura’s McElligott Weighs In On China, Stocks And Reflation Skepticism

World Reacts To China’s December Trade Fumble

January 14, 2019January 14, 2019

This will likely get worse before it gets better.

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1 Comment on World Reacts To China’s December Trade Fumble

China’s December Trade Data Is, Well, Not Great…

January 13, 2019January 13, 2019

“Juuust a bit outside.” 

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1 Comment on China’s December Trade Data Is, Well, Not Great…

Politics As Usual: Full Week Ahead Preview

January 13, 2019October 24, 2021

Risk on, but for how long?

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oil4 Comments on Politics As Usual: Full Week Ahead Preview

‘Noise’: One Bank’s Take On US Politics In 2019

January 13, 2019January 13, 2019

The political landscape stateside is a bit fraught right now – maybe you noticed.

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3 Comments on ‘Noise’: One Bank’s Take On US Politics In 2019

Damned If They Do, Damned If They Don’t: Fed May Be Boxed In On Balance Sheet

January 12, 2019October 24, 2021

A lot to ponder.

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7 Comments on Damned If They Do, Damned If They Don’t: Fed May Be Boxed In On Balance Sheet

Trump’s Shutdown Is Now Longest In US History – Are We ‘Great Again’ Yet?

January 12, 2019January 18, 2019

Make shutdowns long again.

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5 Comments on Trump’s Shutdown Is Now Longest In US History – Are We ‘Great Again’ Yet?

Goldman Warns On S&P Earnings Downside From Deteriorating Macro Outlook

January 11, 2019

The coming “litmus test”.

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Increasingly, The Market Believes The ‘State Of Exception’ Has Become Permanent

January 11, 2019

A new status quo.

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6 Comments on Increasingly, The Market Believes The ‘State Of Exception’ Has Become Permanent

Dissecting The ‘Incredible’ Junk Rally And The Case For A 24-Pound Bucket Of Mac-&-Cheese

January 11, 2019

Frantic rallies, tactical bounces and out of stock emergency hedges.

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3 Comments on Dissecting The ‘Incredible’ Junk Rally And The Case For A 24-Pound Bucket Of Mac-&-Cheese

Of Dollars And Yuan.

January 11, 2019January 11, 2019

What kind of dollar weakness are you, anyway?

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Going ‘Ex Liquidity’ And A Macabre Celebration At TINA’s Funeral

January 10, 2019

“…cash ’embarrassed’ so many asset classes in 2018.”

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1 Comment on Going ‘Ex Liquidity’ And A Macabre Celebration At TINA’s Funeral

‘Retail Flush’, Two Ways

January 10, 2019

This is the vaunted “wealth effect” – only in reverse.

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3 Comments on ‘Retail Flush’, Two Ways

It’s All Fun And Games Until Someone Asks About The Balance Sheet

January 10, 2019January 10, 2019

Powell gave the market an inch, and now it wants a mile. 

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3 Comments on It’s All Fun And Games Until Someone Asks About The Balance Sheet

Shiny Doorstops Great Again! Goldman Lifts Gold Price Target

January 10, 2019January 10, 2019

“Worth its weight in”…

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6 Comments on Shiny Doorstops Great Again! Goldman Lifts Gold Price Target

Albert Edwards Says It’s Too Late For Fed To Save Stocks, While One Strategist Delivers Curve Causality Counterpoint

January 10, 2019January 10, 2019

“If we are indeed nearing the point where the Fed stops tightening (both QT and Fed Funds), should this offer investors confidence”?

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4 Comments on Albert Edwards Says It’s Too Late For Fed To Save Stocks, While One Strategist Delivers Curve Causality Counterpoint

What Caused The Q4 Stock Market Crash? Let’s Ask The News Team!

January 9, 2019October 24, 2021

Quantifying the contribution of various factors to the selloff via a news-based event-study approach.

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2 Comments on What Caused The Q4 Stock Market Crash? Let’s Ask The News Team!

Why One Trader Became A Fed-Watcher

January 9, 2019January 9, 2019

“Predicting Powell’s moves in the upcoming quarters will mean more than trying to come up with a fair value for financial assets.”

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6 Comments on Why One Trader Became A Fed-Watcher

Nomura’s McElligott Outlines The Gap Higher ‘Force-In’ As Risk ‘Foams At The Mouth’

January 9, 2019January 9, 2019

Don’t fade the risk rally just yet.

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oil1 Comment on Nomura’s McElligott Outlines The Gap Higher ‘Force-In’ As Risk ‘Foams At The Mouth’

December Minutes Betray A ‘Patient’ Fed That May Hold Off On More Hikes

January 9, 2019January 9, 2019

Patience is a virtue.

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4 Comments on December Minutes Betray A ‘Patient’ Fed That May Hold Off On More Hikes

US Releases Official Nothingburger Statement On China Trade Talks

January 9, 2019

If Trump wants to rescue markets, he’s going to have to do better than this.

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1 Comment on US Releases Official Nothingburger Statement On China Trade Talks

‘V’ Is For ‘V-Shaped’

January 9, 2019January 9, 2019

Waiting on “a message”.

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6 Comments on ‘V’ Is For ‘V-Shaped’

Irony: Trump, Fearing Stock Selloff, Anxious To Strike Quick Trade Deal With China

January 8, 2019October 24, 2021

Poetic justice.

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7 Comments on Irony: Trump, Fearing Stock Selloff, Anxious To Strike Quick Trade Deal With China

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