“Between the March 2009 bottom and the January 2018 peak, of course, they were essentially buying the dips—-about 50 of them with material dimension. The short-run narrative constantly changed—low interest rates, escape velocity ahead, synchronous global reflation, Goldilocks once more—-but the mechanic was always the same.”
Category: S&P 500
Keep. It. Together.
K.I.T.
No Tapestries For This Market.
“Dear me, the man is dense, is he not? This is a castle isn’t it? There are tapestries here?”
‘Dragon Energy’.
That’s one “very cool” holding pattern.
Here’s Why There May Be Rainy Days Ahead For A Popular Hedge Fund Strategy
“The strategy almost looks foolproof on paper.  Yet like most things in the markets, nothing lasts forever.”
Two Reasons To Doubt The Narrative On Yields And Stocks
…have you run out of ways to communicate that you think the hysteria might be overdone while simultaneously ensuring that in your zeal to make fun of everyone else, you hedge your language enough that in the event the locusts actually do come, you can retain some credibility?Â
Pins And Needles.
Mood.
Terrible Tuesday.
That didn’t go so well.
It’s Time To Talk About Petrodollar Flows
If you do the math there, that means that in the space of just two years, there was a ~$400 billion decline in reserve accumulation from oil exporters. That’s “QT” – depending of course on what they’re accumulating.
Revisiting The Hierarchy Of Vulnerability (Again)
The bottom line (or at least from where I’m sitting), is this…
Let’s Talk About ‘Extreme’ Moves And Volatility Spillover Some More, Ok?
And so the debate continues.
Bad Things Come In 3s.
This was just the kind of day that makes you dread the rest of the week.
Are We Living In A Self-Regulating System?
I don’t know, fuck it.
Around The World In 1,200 Words: Full Week Ahead Preview
As usual, lots on the docket.
More Buybacks For The Rich – And More Ding Dongs For The Rest Of You
And Ho Hos. Don’t forget the Ho Hos.
Strategery.
Aaaand that’s the week, folks.
David Stockman: ‘There Has Been No Acceleration Of Main Street Under Trump’
“In effect, the Donald is taking credit for the doings of the plain old business cycle, and at the worst possible time.”
A Bit Of Confusion.
Well, that was interesting.
Trader: ‘Don’t Hold Out For Peak P/E’
“Yet, like all good things, it eventually ended.”
Breaking The Bank.
Beleaguered banks, commodities on the come up, golf, the usual…
When You Lose Jeremy: Siegel Says ‘These Gains You’re Talking About’ Might Be Unrealistic
“…I just don’t think they’re going to be realized.”
Truly Fine Gentlemen.
In good hands.
‘A Taste Of The High (Vol.) Life’, Courtesy Of Goldman
Again, please: “We’re not in Kansas anymore.”
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