Nomura’s Charlie McElligott Explains Why Stocks Can’t Seem To ‘Really Sell Off’
Obviously, the macro narrative is a train wreck, but…
Obviously, the macro narrative is a train wreck, but…
“Shouting our mouths off.”
Erdogan will now loot “legal reserves” to plug budget holes.
“…at least optically.”
Barring something (else) out of left field, the week ahead will be dominated by trade jitters.
… call for desperate measures.
If you didn’t see this coming, you have nobody to blame but yourself.
On the “bright” side…
“For what it’s worth”…
Powell back on the hot seat.
“Policy has gone off the rails.”
“What would be a big mistake”…
By now, you know the narrative – or at least you should.
“[We are] under attack by Western media outlets”.
“…something unusual has occurred among the American electorate.”
Let’s just call this what it is.
“…there are many downside risks.”
All you can do is laugh.
Bonds, borders and balderdash.
Bullet dodge?
Now quick, somebody blame Fethullah Gülen.
Don’t expect Trump to sit idly by for much longer.
“…but every high in our indicator is lower, notwithstanding these massive stimulus packages.”
“The global expansion is continuing to lose steam, and faster than anticipated a few months ago.”
And the hits just keep on comin’.
“The administration’s response… makes a mockery of the United States’ commitment to human rights.”
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