‘We Have To Be A Little Wary’: Jobs Report Marred By Revisions, Overshadowed By Virus
“Markets appear sanguine, but at the very least”…
Jobs Report Blows Through Expectations As Labor Market Heats Up Anew
This topped even the most optimistic estimates.
Germany, Which Runs A Surplus And Can Borrow For Free, Posts Worst Industrial Production Plunge Since Crisis
The YoY print was, in a word, terrible.
Palpable Angst, ‘Deep Regret And Condolences’ As Virus Fears Return
Xi, meanwhile, has a public relations problem on his hands.
The Best-Laid Plans Of Mice, Men And Monetarists
It is (past) time for a fiscal solution.
The Macro Case For Buying Stocks After This Week’s Surge Is Very Weak Indeed
A deeply-ingrained Pavlovian instinct…
Albert Edwards: The Ice Age Is Nearing The End (Because Helicopter Money Is Coming)
After surviving an earthquake and narrowly dodging a tsunami…
‘Horror Show’: Germany Posts Worst Factory Orders Drop In A Decade
There’s no way to spin this.
Incredible Global Rally Continues, As Tariff Non-News Resonates In Risk-On Environment
Go higher and never stop.
Eye-Popping.
New virus numbers, surging stocks, tumbling Tesla and a VP on the ropes.
Mitt Romney Votes To Convict Trump. Senate Acquits On Both Charges
So, acquittal it is.
The Daisy Chain, ‘Crash-Up’, Equity Slingshot Setup Is Back In Play: McElligott
This makes the market especially “vulnerable” to good news.
Trump’s Economic Narrative Gets Another Boost From Ridiculous ADP Blowout
The best number since May of 2015.
Macro Tourist Shorts Tesla, Explains What He Thinks Drove Crazy Rally
“The fever has finally broken.”
‘Sooner The Better’: Central Banks Hand Out Antivirals In Southeast Asia
“Adjustments” are needed.
‘Extreme Bullishness’: Risk Assets Vaccinated
Of course, it’s far too early to sound the all-clear.
America Is (Still) Serious About ‘President’ Pete Buttigieg
What would a general election look like that pits Mayor Pete against a would-be third world strongman?
To The Moon.
It’s quite an amazing thing.
‘Monstrous’ Bond Rally Could Reverse Near-Term, Nomura’s McElligott Says. Here’s Why…
Spoiler alert: His longer-term outlook is unchanged. Near-term action will be “just another swing in the pendulum”.
Macro Tourist Sighs: We’ve Had A Near-War And A Pandemic Scare. I’m No Longer Looking For A Sentiment Correction
“I’m not advocating getting long on the assumption the bubble gets larger. But, I’m no longer trying to fade the strength.”
What Collapsing Oil Prices Are Saying About The Impact Of The Coronavirus
An “urgent” assessment.
Risk Appetite Returns To Global Markets As PBoC Spotted With Bazooka
Whatever it takes.
3 Things: ‘Ok, Google’, Coronavirus Cases Hit 20,000, FOMO Or Bust
An exceedingly rare, buyable dip? Or maybe not so much, given the whole pandemic thing…
What Role Did CTAs Play In Recent Price Action? A Quick Comment
Take it for what it’s worth.
Meanwhile, In Turkey…
Inflation jump drives real rates further into negative territory, while Erdogan “neutralizes” nearly three-dozen of Assad’s troops.
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