‘Billions And Billions And Billions’: ECB, BoJ, And Your Full Week Ahead Preview

If you didn’t get your fill of hand-wringing over DM central banks last week, then you’re in luck…

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Jobs Report, Chilled Urine, And Kashkari’s Rib Roast: Full Week Ahead Preview

If you were following along last week, then you already know what to look for in the week ahead. After the hawkish procession in Sintra, Portugal, which catalyzed an impressive euro rally and led directly to sharply higher DM rates, it’s now all about how markets attempt to price the beginning of the end for accommodative…

Nikkei Tops 20,000 On Batshit Crazy BoJ Balance Sheet; Global Stocks Rise Ahead Of Jobs

Well, the Nikkei crossed 20,000 for the first time since 2015 overnight. And really, why shouldn’t it? After all… lol.. Bank of Japan’s Total Assets Likely Surpassed 500t Yen: Nikkei — Walter White (@heisenbergrpt) June 1, 2017 The move was of course also helped by the dollar (i.e. a weaker yen), which got a lift…

“A Pretty Eclectic Collection Of Unrelated Developments”

SocGen’s Kit Juckes probably summed up the overnight session best: Overnight currency drivers have been a pretty eclectic collection of unrelated developments. That sounds like it could be an ill-advised sequel to “A Series Of Unfortunate Events“: “A Pretty Eclectic Collection Of Unrelated Developments.” First there’s the kiwi which collapsed. That comes courtesy of the…

Kuroda Shrugs, Twitter Lampoons Sweden, Deutsche Crumbles: Welcome To Thursday

Ok, so as detailed earlier this morning, the first thing you should note about the overnight session was the action in the loonie and peso following Donald Trump’s decision to avoid ripping apart NAFTA (for the time being). You can read the full story on that with some additional color from FX trader Mark Cudmore…

Visual Proof That Central Banks Killed Active Management

“I’ve gone to great lengths to try and disabuse retail of that notion, and not because I want to make people feel stupid. But rather because I want investors to understand that if central banks pull back and markets are allowed to trade in a two-way manner again, suddenly everyone is going to realize they weren’t the gurus they thought they were.”