Getting Involved.
In the space of just seven trading days, US equities went from bubble to bust.Â
In the space of just seven trading days, US equities went from bubble to bust.Â
“It’s such a shame.”
“We’re in touch with the Fed people all the time”.Â
“Afflictions”.
The issue isn’t her unorthodox views. The problem is that her views are subject to change virtually overnight.
“One might, perhaps, see the recent price-action of the Tesla as supportive of this idea.”
A helpful reminder at a delicate juncture.
Who’s excited for mainland Chinese markets to reopen?
Quite a bit to digest, but perhaps not much to move markets other than at the very front-end.
On the off chance the world doesn’t end this month or next…
A little trepidation.
“What difference does it make?”
“Let me give you my interpretation of what’s happening”.
After nearly four decades, the bond bull refuses to roll over.
Policy is “appropriate”. Unless there’s a world war.
“Improvement” may be such a relative term right now as to be nearly meaningless.Â
A lack of news makes positioning-inspired dollar drop the story du jour.
2020 represents a unique challenge thanks to Trump’s public criticism of monetary policy.Â
Don’t fight the fiscal?
But, and there’s always a “but”…
“…what’s interesting about both dates is that they coincided with the end of a protracted bull market”.
And a partridge in a pear tree.
All obligatory caveats aside…
“…equities soon needed yields to rise to be able to do the same”.
Also, inflation expectations dropped to a record low.
“Data dependent”, so to speak.
“Objects in motion”…
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