‘Working Fine Right Now’
(Updates with comments from Pelosi, Schumer, Meadows, Mnuchin after latest negotiations) In an attempt to
(Updates with comments from Pelosi, Schumer, Meadows, Mnuchin after latest negotiations) In an attempt to
It’s “fingers crossed” time. Fingers crossed that an egregious downside miss on ADP employment doesn’t
Same story, different day was the mantra for the dollar and gold — or at
There’s a generalized sense of angst hanging in the thick summer air, but nobody knows
Markets were somewhat muddled to start the new week as investors ponder more evidence of
Every major currency on the planet rose against the US dollar in July, which is
Friday picked up where Thursday left off — with a spate of wildly bad macro
“Massive slump” — that’s how Germany’s Federal Statistical Office described the worst quarterly performance on
In “Exceptionalism Lost”, I placed recent US dollar weakness in the context of America’s failure
An object in motion tends to stay in motion, which is why the dollar continued
The US is poised to fall behind as the world looks to recover from the
You might be inclined to call Monday’s headlines “inauspicious” given they were dominated early by
“She’ll make her initial appearance in court later today”, US officials told reporters Friday, after
“The speech was just a notch below calling for regime change — and at the
At least the PMIs beat — is what the optimists can say on Friday, as
Underpinning the rally in risk assets from the panic lows seen during the worst days
“Days like yesterday express the challenge for managers right now, as the ‘everything duration’ trade
We’re living in “1999-lite”, according to one bank’s popular weekly flows update. It’s all about
A scan of the headlines on Friday reveals exactly what you’d expect. China doesn’t want
“The entire professional investor universe is, in my mind, basically a momentum trader themselves”.
It’s going to be a while before things get back to any semblance of normal.
Is bank underperformance “a signal of no economic hope” and something “sinister”?
Gold, tech, and Chinese stocks.
“…trade policy should be less disruptive and the volume of nonsense tweets will be substantially reduced”.
2020 is not a year during which you can write off indeterminacy using that old adage: “There’s always uncertainty”.
…a perfect super spreader event, I might add.
On that happy note, the third quarter (and second half) of 2020 is underway.Â
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