“Successful trading depends on a delicate balancing act between confidence and fear. If you stray off the path, it’s best to take a few minutes to get your bearings before rushing headlong again.”
“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.”
“When asked their worst trades this year, they mostly cited buying volatility, credit protection, or equity puts.”
And now, back to your regularly scheduled programming…
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…
This of course stems directly from Erdogan’s ongoing efforts to bring arch nemesis Fethullah Gulen to “justice.” Pretty much anything that goes wrong for Erdogan gets blamed one of two things: 1) a Kurdish conspiracy, 2) a Gulen-linked conspiracy. This latest spat with Washington is no exception.Â
“There’s real danger but at the same time, the central figures are so laughable that it’s difficult to accept it as reality”…
Best of luck in Q4 and here’s hoping there’s a Q1 2018.
There will be blood.
…do note that there’s a wild card here.
The saving grace for America is that Trump is anything but.Â
Just when you thought it couldn’t possibly get any more absurd…
…when you combine that batshit crazy scenario with the new report on automaker collusion and a surging euro, what do you get? Well, you get the worst day for German equities this year.
Well, it looks like the “fake news media” isn’t so “fake” after all. Because those
America is now officially a Third World dictatorship.
Well, the won is at four-month low against the dollar on Thursday because, well, because
“The implications are far reaching, with scarcely a country in the region not at risk of being drawn in.”
“In our opinion, this is not dangerous market complacency but a reflection of an abnormally tranquil macro environment, with a benign economic outlook, very supportive financial conditions, and lower political risks”…
Donald Trump has finally done it. He’s united the nation – in a coordinated effort
“Flows into EM assets persists despite this sort of news that you’d think would have the opposite impact.”
Turkish President — and man who thinks democracy is really, really fucking overrated — Recep Tayyip Erdoğan has heard all the folk song Karaoke that he cares to hear, which is why on Friday, he banned singing.
“We assume the BoJ’s current ETF holdings stand around Â¥15.7tn ($144bn), i.e. approximately 75% of the total assets in Japanese equity ETFs.”
Needless to say, geopolitical risk should be “top of mind” for anyone who fancies themselves a serious
“Air Sultan”…
“The weekend news – softer industrial production, Capex and retail sales in China, higher oil prices as Saudi Arabia and Russia agree that output cuts should be extended through Q1 2018, a North Korean ballistic missile test – sees us start in mild risk-friendly tone.”
Now I don’t know why, but a whole lot of people have gotten it in
“Whether this gets executed is a different story”…
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