‘Jamie Dimon’ And ‘Liquidity’ In The Same Headline? Yes Please!
A clickbait godsend for the financial media.
A clickbait godsend for the financial media.
Think: China. It’s always China.
“The pain trade is still up.”
… it effectively sounded the death knell on normalization.
Ok, let’s run through this, because parsing it is obligatory.
Is this dovish enough for you?
Cementing the global dovish pivot.
“The global expansion is continuing to lose steam, and faster than anticipated a few months ago.”
What could go wrong?
Is the die cast?
Good news!
Don’t worry, China will save us.
Suffice to say the dovish pivot from global central banks appears to have wings
That goes for markets and society more generally.
The risks are myriad – the dangers clear and present.
Curb your enthusiasm?
And that’s pretty much where the good news stops.
Remember, “hawkish” is a highly relative term – especially in light of recent events.
Stalemates, everywhere.
The mood has soured.
“… a realized turn for the worse.”
This was not digested particularly well.
There was some fresh fodder for the “global slowdown” narrative on Wednesday.
“What does all this mean?”
Trade still makes the world go round, sorry Mr. President.
So much for the glass half-full take.
Same story: stark juxtaposition between crashing data and the end of APP.
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