DACA Schoen: Full Week Ahead Preview

All eyes on (geo)politics. And Canada. Of course.


Cities Upon Hills And Castles In The Sky.

Thank God it’s Friday.

Chinese Checkers.

Headlines aplenty.

Thanks A Lot: Full Week Ahead Preview

Holiday road.


“…or what counts as ‘fireworks.'”

The Great Flood

Although I can’t imagine why…

As Peso Slides, Mexico Reminds Trump: ‘We’re Not Paying For That Wall Under Any Circumstances’

On the bright side…

Friday Humor (“Trump’d”)


Daily Kickstart (Japan Battles Bond Markets, Mexico/Turkey Battle FX Traders, May Meets W/Trump)

As is rapidly becoming custom, we start with FX markets, where the USDJPY rose again, recapturing a 115 handle following the BoJ’s 10th bond buying operation of the month. If we hit 116, the dollar rally could gather some momentum “as the market seems to be short vol above that level,” one European trader told…

Why I Fully Support Trump’s Border Wall

I’ve gotten a lot of mail lately regarding my perceived aversion to Donald Trump’s agenda and while I initially brushed off the criticism, I had an epiphany last night.
Yes indeed, I had a “come to Jesus” moment and as of Wednesday afternoon I fully support this “big, beautiful” wall. Let me tell you why…

How Is The Market Pricing A NAFTA Rethink?

I’d say it’s probably fair to suspect that when it comes to renegotiating NAFTA (“the worst trade deal ever,” according to Donald Trump) Mexico is likely to get the short end of the proverbial stick. After all, it’s not Canadian immigrants who are “rapists” and who are “bringing drugs,” and it’s not Canadians who cost…

Gun To Your Head, Which Do You Go Long: Mexican Peso Or Turkish Lira?

“Choose wisely”…

Mexico To Buy Twitter?

“Instead of spending its precious reserves to defend the peso, Mexico should just buy Twitter Inc. — at a cost of about $12 billion — and immediately shut it down.” They’ve got the money so what the hell, right?

Daily Kickstart (Dollar Doldrums)

Oh how the mighty (greenback) has fallen. The consensus trade of 2017 is having a rough go of it following Wednesday’s Trump presser which offered little (if anything) in the way of details around the President-elect’s fiscal stimulus plans. Of course that was easy to see coming – all anyone cared about was Russian hacking and…

Daily Kickstart (Dear Mexico, We’re Sorry About All This)

I think I can probably sum up Wednesday with one sentence and one chart…