Hellz Yeah! European Stocks Explode, US Set To Rally As Market Celebrates Macron
The final tally was Macron 23.75%, Le Pen 21.53% and to say markets are relieved
The final tally was Macron 23.75%, Le Pen 21.53% and to say markets are relieved
“US equity underperformance has been rare in recent years, but year-to-date, US equities have underperformed global equities by around 0.7% in USD terms. We reiterate our underweight stance, and view the challenges for US equities in a global context as the following”…
Everywhere you look it’s the same story: the “Trump trade” is fading. And fast. But there’s an exception that seems to be flying under the radar…
“One question we’ve pondered is whether the best post-election trade is in bond-land or FX”…
Well needless to say, Donald Trump’s comments in the Wall Street Journal (which hit at
TRUMP TELLS WSJ UNDECIDED ON RE-NOMINATING YELLEN: CNBC
So the thing about “hedge” funds is that generally speaking, they’re supposed to provide a
So here’s an interesting observation that may or may not approximate reality but is nevertheless
“This week the market struggled to readjust its expectations for US government policy following the move away from health care reform. Client conversations make clear that investors fall into two camps: The first group worries that the failure to “repeal and replace†the Affordable Care Act is a sign that other items on the policy agenda are less likely to be enacted than they had hoped. Others are encouraged about the shift in focus to tax reform as the new top priority for the administration.”
We’ve talked so much in these pages about why cross-asset correlations matter that our (digital) pens are dry and our (virtual) voices are hoarse. On Thursday, Bloomberg proves they know this is “kind of a big deal.”
“If the market doesn’t go some way to validating that view today, then I’ll be spending tomorrow analyzing what I got wrong or what bullish driver I underestimated.”
“We’ve come too far, there’s too much to lose!”
Ultimately, what the media prints and, in turn, what people read shapes investor psychology. It’s probably fair to say that plastering “Dow Hits 20,000” all over the front pages of national newspapers helped accelerate inflows into popular retail equity vehicles like SPY earlier this year.
“Since the early days of his campaign, the president has developed a pattern: Make an outrageous claim. Dig in as the criticism rolls. And wait until, eventually, something emerges that can be spun as vindication of the earlier claim.”
Well, it’s Friday and this week has been just as interesting as last week. Today
“This means that any relief rally will be used as an opportunity for longs to take profit, not a catalyst to build positions further.”
It’s do or die for the reflation narrative.
Investors “needed a good reason to take profit, and here it is.”
It’s been no secret that the bid for equities in 2017 has been largely attributable
Thank God for four months of sobriety because the old Heisenberg would have been at the bottom of a good bottle of scotch right now…
A tug-of-war is developing between two competing narratives on US Treasurys. On one side are
I’ve seen the chart shown below floating around today and I imagine you have too,
It would be a stretch to say he “did a good job.” It felt like we were watching a man who had been told, in no uncertain terms, that this was most assuredly not the time to play presidential Mad Libs.
Think back to last month. I know that’s really f*cking hard because with Trump in
Are you looking to trade around Tuesday night’s big event? Sure you are.
Tonight’s the night – as they say. Donald Trump will deliver his highly anticipated speech
Well, we start in FX land on Monday morning and as has become the norm
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