‘As A Late Summer Storm’
“Albert would welcome permanent risk off”, SocGen’s Kit Juckes wrote on Friday morning. “I’d just
“Albert would welcome permanent risk off”, SocGen’s Kit Juckes wrote on Friday morning. “I’d just
If you thought the Nasdaq 100’s 30% premium to its 200-day moving average was egregious,
August payrolls, due Friday, could mark the last of the “easy” jobs reports, and thereby
I’ve committed gallons of digital ink to the noble cause of documenting the scope of,
Well, we did it. We created an equity bubble during a global depression brought on
Over the past several months, the rally in the euro quite clearly suggested market participants
“We intend for this package of tariff reductions to mark just the beginning of a
It was only “right” that the week should end with another day of outperformance for
It took a while, but participants in BofA’s closely-watched Global Fund Manager survey finally acquiesced.
“Now I can’t stop humming Ride Of The Valkyries, while imagining bond vigilante helicopter gun-ships laying
Who’s concerned about inflation on the heels of the biggest global demand shock in at
There’s been no shortage of attention paid this week to the S&P 500’s apparently imminent
It’s “not nothin’”, so to speak, but it’s not a long-term solution. That was the
“The only time to worry about stocks is when US equity fund flows turn positive”,
No, Donny, these men are nihilists. There’s nothing to be afraid of. —Walter Sobchak “Nothing matters but liquidity”, BofA’s Michael
As should be abundantly clear to anyone who took time over the weekend to read
Earnings season isn’t turning out as dire as expected. That statement is both true and
Every major currency on the planet rose against the US dollar in July, which is
Are there limits to central banks’ capacity to “administer” asset prices and otherwise engineer benign
So far, 2020 has been defined by a pair of “big market themes” that keep
“She’ll make her initial appearance in court later today”, US officials told reporters Friday, after
“Investors [are] united in the belief of eternal repression of interest rates and, more recently,
We’re living in “1999-lite”, according to one bank’s popular weekly flows update. It’s all about
Meanwhile, from the “worth mentioning” files… The tax deadline appears to have prompted one of
US tech stocks are the most crowded trade on the planet. And it’s not even
Cash on the sidelines — there’s plenty of it. That’s one takeaway from the July
“…why would anyone expect markets to connect with macro?”
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