‘Sad Nonsense’: A ‘Whodunit?’ Guide To Tuesday’s Wall Street Mayhem
Line up the usual suspects.
Line up the usual suspects.
Searching for the elusive “pot of gold.”
This is fine…
Right up until Wednesday at lunchtime, there was a lot of fear out there.
“…if the Fed indeed stops tightening after the December hike, Solomon will be spot on.”
“I believe a cut of 1.4 million bpd is more reasonable than above it or below it.”
“Very powerful” easing indeed.
Fragility and a lack of policy breathing room.
“Since WWII, the number of mass killings (defined as an idiosyncratic, not state-sanctioned, killing spree with multiple victims) has been growing exponentially at a rate of 5% every year. This means that every 20 years or so, the number of mass killings triples (1.0520Â = 3).”
Of ironies and paradoxes.
As good as it gets.
Is this enough to make Tuesday’s rally sustainable?
Selloffs following record highs should probably be viewed as some semblance of cathartic, but that’s not the way people think about things in the post-crisis world.
“Either this is the people’s budget or it’s not worth it.”
In one text, Yarasavage said she was in touch with “Brett’s guy,†and also with “Brett,†himself.
“It should be fine”…
“Are central bank balance sheets really shrinking at all?”
“The main risk to our pro-cyclical and non-US tilt is a spiraling escalation of the trade war, political tail risks in Washington, and failure of the Fed to recognize those potential developments.”
Wilbur needs you to understand that everything is under control.
Back to the “melt-up”.
“The changes, the inflections that are made happen unemotionally and happen with significant leverage behind them.”
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