Make Yield Curves Inverted Again! As 3M-10Y Goes Negative, Trump Assails Fed
But hey, look at the bright side…
But hey, look at the bright side…
The president was busy being not busy on Saturday.
“Believe me, I tried. Don’t think I didn’t try.”
Don’t expect Trump to sit idly by for much longer.
“That is just not true.”
“The art of the ‘let’s hurry up and get this done'”.
“… said every equities PM ever.”
“… it sets up a dangerous dynamic where ‘late-comers’ are forced-in.””
Spoiler alert: who knows!
“Too many pundits look at provocative headlines and chalk up MMT as socialism-disguised-as-economic-theory that needs to be quickly squashed.”
“No, I do not.”
“Your all time favorite President” is going to lose his mind.
Around the cross asset universe in 1,000 words.
“That’s a brand name”.
Powell and Clarida must have been really disappointed they weren’t greeted with Filet-O-Fishes and pizza
Being Jerome Powell is a pretty thankless job.Â
“…our advice, consistent with our portfolio positions, is to continue to own as little U.S. equity as career risk allows.”
“The author does not believe markets will come back to the ‘good’ Trump story anytime soon.”
Predictably, markets start the new week torn.
“It’s the most insulting thing I’ve ever been asked.”
“If we are indeed nearing the point where the Fed stops tightening (both QT and Fed Funds), should this offer investors confidence”?
Quantifying the contribution of various factors to the selloff via a news-based event-study approach.
Remember: anything is better than Larry Kudlow’s “models”.
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