A Disputed Election And An ‘Institutionalized Powell Put’
A few weeks back, I documented the extent to which Wall Street is preparing for
A few weeks back, I documented the extent to which Wall Street is preparing for
The dollar slumped to a fresh two-year low and the vaunted “stay at home” trade
There was talk Wednesday of a “trimmed down” stimulus plan in Washington, where Democrats and
Are 60:40 and risk parity funds “doomed”? It’s a question worth considering in a world
US tech stocks are the most crowded trade on the planet. And it’s not even
Gold, tech, and Chinese stocks.
“…trade policy should be less disruptive and the volume of nonsense tweets will be substantially reduced”.
To be sure, we had ample warning.
Of course, the list of things that could go wrong is obviously quite long. But you already know that.
“Everyone’s really, really excited”.
“The narrative of Main Street weakness versus Wall Street asset inflation is misleading”.
“I don’t know where that got started on Wall Street”.
“I am certain of the denouement, but it is possible its date is vastly longer than my career”.
Besides the US reopening story, the only narrative that’s likely to matter going forward is…
“…we would need to see an unprecedented marriage where both monetary and fiscal policy align in a magnitude not previously experienced”.
Who needs the real thing, anyway?
These are modern markets. You must learn to speak the language.
The plan is expected to cost billions of dollars.
“I had to wear a hat everywhere I went.”
They told us to “look through” it. And so, we did.
“An EM crisis is not an abstract possibility – it is the current reality”.
“…if the amount of ‘oxygen’ is insufficient, some parts of the economy will suffer irreparable damage.”
“Black & white memories”.
“The outbreak could have been contained at its source with very little death.”
“Unhindered by moral hazard”…
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