It’s Falling Apart: Reflation Trade Shrivels Up And Dies As Markets Sour On Risk
Well, the dollar is under pressure on Monday, just as we said it would be
Well, the dollar is under pressure on Monday, just as we said it would be
Earlier, we talked a bit about Donald Trump’s waning political capital and the extent to
A couple of weeks ago, Citi’s Matt King discussed what is perhaps the best reason
Earlier today, we noted that the correlation between implied vol and equities is breaking down
It kind of feels like everyone is ready to get this week on the books.
We need to know the extent to which the Schatz spread to 2Y French govies is an indication of investors trying to price redenomination risk around a prospective Marine Le Pen win. That is, we need to understand how closely we should be watching the German curve as a barometer of political risk.
“Don’t be fooled by the the holiday-shortened trading week in the US. Next week promises to give investors plenty to watch, including the Greek bailout, minutes of the Federal Reserve’s last meeting, Bank of England governor Mark Carney’s testimony, retail earnings and Warren Buffett’s annual letter.”
He doesn’t have a long, white beard. He doesn’t wear a robe or a pointy
If you were looking for clarity with regard to President Donald Trump’s policies or for any kind
“Investing is macro and macro is geopolitics. If you don’t get that, you’re going to be perpetually behind the curve going forward.
“It seems a weird time to suddenly turn bearish, but I’m overwhelmed by a large sense of concern as I gaze across markets.”
The pound gets pounded while the RMB remains volatile. The offshore yuan posted its largest two-day decline since last summer.
Thanks Bill, for your tacit endorsement…
In other words, we’re talking about securities secured by very unsecure loans.
Whither the yuan…
There are a lot of things you can say about Heisenberg, but one thing you
At long last, the holidays are over. I like the peace and quiet as much
Whether or not we, as a society, can overcome the temptation to surrender our future to a succession of demagogues remains to be seen. And indeed we may be but one tragedy away from seeing the momentum turn irreversibly in favor of politicians who seek to capitalize on fear and intolerance.
I’m inclined to believe that those of us who fancy ourselves black swan watchers are
“There are few places to hide for bond investors in this environment”…
In all my many years observing and analyzing markets, I don’t know that I’ve ever
European and Asian bourses are mixed on Thursday amid thin holiday trading following Wall Street’s
It makes total sense to take some money off the table. We’ve priced in no
A couple of days ago, I noted that there were rumors of a cease fire
Do you believe in miracles? Apparently somebody does, which is why we’re seeing record after
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