Closely-Watched Fund Manager Survey Is All Bonds, Tariffs And Recession Risk In August
“[The] onus is on the Fed, ECB and PBoC to restore animal spirits”.
As Manic Market Moves Metastasize, Mind The Liquidity Drought
A recipe for “fun”.Â
Jay ‘Behind-The-Curve’ Powell, And Why The Fed May Have To Start ‘Outright QE’
For the embattled Fed chair, no rest for the weary.
‘Everyone Should Be Calm!’: Trump Soothes Nerves By Teasing Imminent Chinese Military Invasion Of Hong Kong
“I hope nobody gets killed”.
Nomura’s McElligott Explains What Tariff News ‘Very Clearly’ Means For US Stocks
“…this re-pricing lower in the VIX complex should drive powerful second-order impacts”.
US, China Engineer Massive Yuan Rally, Stock Surge, But Fed Outlook Still Cloudy
The cross-asset reaction to the latest tariff news was quite dramatic.
Trump Folds, Delays Tariff Hike On Key Consumer Goods Until December
“Certain products are being removed from the tariff list”.
Trump: China’s Currency Devaluation A ‘Gift’ To America, Farmers Better Off On Welfare
“…the administration is essentially providing welfare checks to affected farmers”.
Fed’s Job Gets Even Harder As Core Inflation Comes In Hot
For the second month in a row.
‘Goldilocks’ Has Left The Building – Again
Bad news is just bad. And cross-asset returns since the latest tariff escalation reflect as much.
Confidence In German Economy Flat Out Collapses In Dastardly ZEW Print
“A significant deterioration in the outlook”.
Hong Kong Goes From Bad To Worse As Property Shares Dive Into Bear Market Amid Airport Upheaval
It is just a matter of time.
A Canary Dies In The Coal Mine As Singapore Says Economy May Flatline
If it’s foreboding economic indicators you’re looking for…
A Tale Of Two Century Bonds
What a time to be alive.
Monday, Bloody Monday On Wall Street Amid Argentina Crisis, Relentless Safe-Haven Bid
Risk-off from start to finish.
Germany’s ‘Black Zero’ Fiscal Policy Called ‘Voodoo’ As Economy Screams For Stimulus
“We have a policy, that is not in question”.
2 Simple Reasons Why US Assets Are Now More Vulnerable To Volatility In China’s Currency
This was always the risk.
Trump ‘Public Charge’ Rule Penalizes Immigrants For Using Food Stamps, Weaponizes Poverty
Another win for Stephen Miller and his overtly controversial agenda.
In Argentina: Total Meltdown
“All the pollsters have failed”.
With Risk Assets On Razor Edge, One Strategist Sees Potential Near-Term Catalyst
‘Bleeds’ and ‘sling-shots’.
Hong Kong Turmoil Hits Fragile Sentiment As Flights Canceled, China Cites ‘Terrorism’
“[Protesters] exhibited sings of terrorism”.
China’s Credit Growth Comes Up Woefully Short, Raising Concerns At Critical Juncture
All in all, this isn’t great news.
Goldman No Longer Sees Trade Deal Before 2020 Election, But It’s Not All Bad News
It’s a “fool me once” type of thing.
4 Reasons Why One Bank Thinks A ‘Quick, Major Comeback’ For Stocks Is Unlikely
Maybe later, but not now.
Tail Risks, FX Vol. And Tangled Christmas Lights
But here’s the paradox…
Black Swans Crash Summer Dog Days For War-Weary Markets
Or, at least, gray rhinos.
If Central Banks Fail, Here’s What One Bank’s Clients Will Be Buying
What do you buy if “quantitative failure” comes calling?
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