We’ve been saying since January that investors were showing signs of fading the reflation narrative
Category: Uncategorized
Here’s How To Play The Retail “Big Short” (Hint: It’s Not CMBX)
The rise of online competition and a steady decline in foot traffic and earnings seem to presage a veritable apocalypse for brick and mortar. And no, that’s not hyperbole. This is an existential crisis.
Barclays Channels Morpheus, Mows Down Tesla “Blue Pill” Case With Machine Guns
“Red-pilling the Tesla bull case.”
One Strategist Compared Hedge Funds To Passive Index Funds: “The Results Were Breathtaking”
“Hedge funds’ returns have started to track the SPX more closely. As that happens, their ability to outperform has collapsed. This makes intuitive sense; there’s no way you can beat an index when you’re paying 2 and 20 on an investment vehicle that largely replicates the return of the index!”
ADP Beats; Yields, Dollar Jump
ADP RESEARCH INSTITUTE SAYS U.S. ADDED 263,000 JOBS IN MARCH
Key Calls (Wednesday): Upgrades, Downgrades & Initiations
Are your stocks on the list?
Car-mageddon: Your Complete Guide To A Bursting American Auto Bubble
“There are a number of negative implications from what we’re observing, including rising negative equity in new car loans, lengthening ownership cycles, tightening credit, and potential for deteriorating mix/pricing (And we see risk of continued deterioration as used vehicle prices remain under pressure, and new vehicle inventories remain elevated).”
Trump Just Turned Over Your Browser History To Verizon & Comcast
“The change will allow broadband internet service suppliers, such as cable and telecommunications companies, to track and sell a customer’s online information with greater ease.”
Mad Dash To Safety?
“Dollar-yen undercut by a drop in 10-year Treasury yields and a decline in U.S. stocks, suggesting some haven-related flows.”
10Y Yield Falls To Lowest Since February
Escalating quickly over here…
JPMorgan Reveals How Much Cash You’d Need If Everything Went To Sh*t Tomorrow
“On the expense side, this is equivalent to spending fluctuations of roughly $1,300 for middle-income households, about the same as adding or subtracting a mortgage or rent payment in any given month.”
“U-Turn Ok”: Oil Bulls’ Feet Get Colder For 5th Straight Week
Assuming you haven’t been living the life of a hermit for the past five or
For The 17th Time In 5 Years, Trump Goes Nuts On “Sleepy Eyes” Chuck Todd
It’s Saturday, which means it’s time for a crazy Trump Twitter tirade…
“Hope Versus Reality”: Goldman Illustrates The Trump Trade Fade
“This week the market struggled to readjust its expectations for US government policy following the move away from health care reform. Client conversations make clear that investors fall into two camps: The first group worries that the failure to “repeal and replace†the Affordable Care Act is a sign that other items on the policy agenda are less likely to be enacted than they had hoped. Others are encouraged about the shift in focus to tax reform as the new top priority for the administration.”
What Caused The Q1 Rally And Why It Can Continue: Deutsche Bank Explains
So in Q1, you did some dip buying, didn’t you? Just admit it. I mean
“I’m At A Loss For Words”: Diplomats Instructed “Not To Make Eye-Contact” With Rex Tillerson
“On many days, he blocks out several hours on his schedule as “reading time,†when he is cloistered in his office poring over the memos he prefers ahead of in-person meetings.”
Presenting Your Ultimate Visual Guide To A Long Ass Brexit
To be sure, we’ve all had a long time to prepare for Brexit. So long, in fact, that I no longer have to put the word Brexit in scare quotes. Thanks to the infinite wisdom of Nigel Farage (and a whole bunch of people who, based on Google Trends, didn’t have any idea what the EU was before they voted to leave it), Brexit is now a real proper noun.
Seeing Is No Longer Believing
These days, “seeing” is no longer “believing.”
F*ck This, Is It Saturday Yet? Markets Weary After Trying Month
Well, I suppose the overarching narrative here for retail investors is pretty goddamn simple: buy
It Would Be Great If You’d Start Using Your Credit Card… Or Would It?
“Whatever the reason, it’s probably a good bet that consumer spending will remain underwhelming until Americans feel more comfortable using their credit cards again. And while that will provide a boost to both activity and bond yields it will also, ironically enough, set the stage for the next recession.”
Snapchat Investors Discover Mark Zuckerberg Has Monopoly On “Monetizable Fun Places To Spend Time”
“Snap is a ‘platform for the imagination’; fun place to spend time, which can be monetized.”
Dear Donald Trump: Explain This Chart
“There is another worry on the horizon”…
Goldman Says Buy Snapchat, Warns “Clearly, This Has A High Risk Profile”
More risk, more reward?
“Is There A Problem We’re Not Seeing?” – China’s Banking System Reaches “Tipping Point”
“The market is nervous about the impact. Everyone is wondering, ‘could there be a problem we’re not seeing?’, or ‘will there be some punishment that forces an institution to dump assets? Then banks get cautious and stop offering loans.â€
Heisenberg Effect Strikes Again As Coffee Demand Soars Most Since 2014
As the Heisenberg crowd is acutely aware, I almost died in late November. Quite literally.
“Hope”: Health Bill Failure Isn’t Death Knell For Trump Trade, One Bank Says
We’ve said it before and we’ll say it again: one-way bets and crowded trades are
Are Carl Icahn, Howard Marks, And Heisenberg All Wrong About ETFs?
If there has ever been a moment where we’re tempted to apply the “famous last
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