All’s Well That Ends In An Epic Mideast Death Match.
Tension is running high on Monday…
Search Results for: lira
This Is Where The Next EM Crisis Will Start
“Fragile Five” and “an alternative version of monetary policy reality.”
‘Do Something!’
And that, folks, is the week.
Roasted Turkey: Of Gold Traders, Runaway Inflation And Angry Autocrats Named Erdogan
“…when Erdogan met with Biden a year ago, he claimed bizarrely that Preet Bharara was a Gulenist tool.”
Fireworks.
“…or what counts as ‘fireworks.'”
Trader: ‘You Don’t Always Get Something For Nothing’
“Traders like to blame all the world’s ills on central bank behavior and then scream when markets act like markets. Or their machines act like robots.”
Bears Crying Wolf And China As Machiavelli (Revisited)
“When asked their worst trades this year, they mostly cited buying volatility, credit protection, or equity puts.”
Risks Aplenty.
And now, back to your regularly scheduled programming…
Stocks, Bonds Plunge In Turkey As Spat With U.S. Spills Over
Late Sunday evening we explained how Turkish autocrat and genocidal goblin, Recep Tayyip Erdogan, has engineered a diplomatic crisis with the U.S. by effectively taking hostages and demanding the extradition of arch nemesis Fethullah Gulen in exchange for their release. Well…
‘Believe Me.’
What could go wrong?
‘Keep One Eye On Left Field’: Here Are The Most Important Q4 Market Themes
“As always, keep one eye on left field for the “unknown unknown” that could shift the market’s thinking.”
Powder Keg Alert: Kurdish Referendum In Focus As Erdogan Threatens Oil Flows, Military Strike
“Our military is not (at the border) for nothing. We could arrive suddenly one night.”
Turkish Delight: Trading ‘The Great British Selloff’
…do note that there’s a wild card here.
Is Anyone Worried About Emerging Market Stocks Sitting At 3-Year Highs?
…this is another one of those scenarios where everyone seems to be pretty damn sure that nothing can go wrong.Â
Global Stocks Are Happy. Gold Is Sad. China! I Found Some Inflation In Norway.
Well, I’d say “it’s quiet out there,” but that’s cliché. So how about this: “ain’t
Yen, Pound Nosedive, BoJ Reminds You Who’s In Charge Here
Right, so first thing Thursday morning we noted that 10Y JGB yields had risen to
An Emerging Problem?
“There are just too many goddamn headwinds”…
‘Chain Reaction’ Strikes: Stocks Dive As Sudden Bund Selloff Triggers Bond Bloodbath
“The magnitude of the sell-off is excessive”…
“Traditionally Presidential” Assad Gets Face On New Syria Bank Note
Because while there’s no “presidential” precedent for Trump’s tweets, there is indeed “presidential” precedent for gassing one’s own people. Just ask Saddam Hussein.
“Turkish Delight”: This Hasn’t Happened Since October 2013
Now I don’t know why, but a whole lot of people have gotten it in
It’s “Make-Or-Break Time” And We Could See “A Painful Cleanout”
“During the past five years, May has been the worst month, on average, for EM FX. I remain a structural long-term bull on emerging markets, but the next month could see a painful cleanout of complacent positioning.”
“A Small Spark” Could Trigger An EM Correction, But For Now: “No Bears Allowed”
“Despite the 16 weeks of inflows into EM debt, positioning is not that extreme, as investors have been reducing risk in last few days ahead of binary events. Market participants agree that valuations are stretched but carry seems to be the only game in town.”
SocGen’s Kit Juckes Is “Back From The Alps”: Here’s His Quick Pocket Guide To An Uncertain Market
The tough thing about a market dominated by geopolitical concerns is that geopolitics is country- or at least region-specific. There’s nuance, idiosyncrasies, thousands of years of history peculiar to this country or that, religious undercurrents, etc., etc. You have to take all of that into account when trying to make sense of markets in the context of multiple geopolitical powder kegs.
Here’s What To Expect For Turkish Assets Following The Great Sultan Rally
Monday is “write your own Turkish lira jokes” day…
Fortune Cookie Say: “Good Econ Data!” The Sultan Returns. Welcome To Monday.
Boom! It’s Monday. Let’s hit the ground running.
Turkey Caption Contest: Erdogan Is “Confident” You’ll Make “The Expected Decision”
“I believe in my nation’s democratic common sense.â€
Fate Of Turkey’s Stock Market Is In The Hands Of An Algo Named “The Dude”
Local traders started referring to the mystery investor, whose identity was never revealed, as “the Dude.â€
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