A Couple Of Thoughts On The Fed’s Growth Outlook
Here are my off-the-cuff thoughts on that as sent around to a couple of people this morning (and again, these are just my musings and should be treated as such).
Trader: ‘Too Many Asset Classes Feel Both Stretched And Crowded’
“The rubber band is stretched, but keeps getting pulled back farther and farther.”
‘Long FAANG’ Is The Most ‘Crowded Trade’ (Again): Fair Warning
Oh, good.Â
The new edition of BofAML’s Global Fund Manager survey is out, which means we get a fresh look at what folks told Michael Hartnett about the “most crowded trades”.
Bring An Umbrella: Here’s How To Hedge 3 Near-Term Risks
So there you go. Bring an umbrella.
David Stockman: ‘There Isn’t A Snowball’s Chance In Hell That A Yield Shock Can Be Averted’
“For the past 30 years fiscal deficits have been a big financial nothingburger because the Fed and other central banks gutted their sting.”
‘It’s A Big Deal, And He Knows It’: Zuckerberg To Speak As Analysts Ponder ‘Delete Facebook’ End Game
“The coverage, like the stock drop, is brutal”…
New Cambridge Analytica Video: ‘We Did All The Research, All The Data’ To Get Trump Elected
“UH OH, it is British TV O’ Clock again!”
Face The Music.
In terms of news flow on Tuesday, everything took a backseat to Facebook and the worsening Cambridge Analytica scandal, which is spiraling rapidly out of control.
Nomura Unveils The ‘4 Triggers’ That Will ‘Burst The Data Bubble’
Whether that’s a good or bad thing for society is an open question and largely depends on how regulatory action is justified and who it is that’s doing the regulating.
Farmer Trump Celebrates National Agriculture Day, Says Farmers ‘Tamed The Continent’
Give me a goddamn break.
Some Hedge Fund Folks Are Probably Hoping The Facebook Situation Doesn’t Get Worse
I’ll tell you what, if this Facebook debacle continues to spiral out of control, it’s going to be interesting to read some of the fund letters…
FTC Probing Facebook, Shares Dive
FACEBOOK EXTENDS LOSS TO 2.3% ON REPORT OF FTC PROBE
Crazed Investors Panic-Sell Nasdaq ETF Days After Panic-Buying Same ETF
Boy, you morons are a fickle bunch, I’ll tell you what.
G-20 Thinks Maybe Your Cryptocurrencies Aren’t ‘Money’ And That Means It’s Tax Time!
Cryptos “lack the traits of sovereign currencies,” the draft says.Â
David Stockman: Trump ‘Embodies A Trifecta Of Fiscal Impulses That Amounts To Pure Madness’
“Then again, you haven’t seen nothin’ yet.”
Tech ‘Triple-Whammy’: Beware A Domino Effect
Here we are a day on from some Facebook-induced market mayhem and it looks like everyone is in wait-and-see mode. Who can blame them?
Cambridge Analytica Does Not Use Entrapment, Bribes Or ‘Honey-Traps’, Ok?!
“In which we learn about how CA helps candidates around the world, like by bribing their opponents and sending them hookers.”
Goldman Delivers Ominous Message: ‘Markets Themselves’ May Pose The Greatest Risk
“But we see several reasons to worry that ‘markets themselves’ are becoming a bigger source of market risk than fundamentals.”
Mind The Scale, Chicken Little
“I simply want to point out that neither one of these graphs are anywhere near as bearish as the Chicken Littles claim.”
Train Wreck.
Monday was a train wreck from start to finish.
‘Enough!’ A Disgusted Cramer Tells A British Nobleman He’s Selling Facebook
“I don’t want to get up in the morning'” and see a bad headline every day.”
Do Not Show Donald Trump This Poll
Lots of “tremendous” news in here.
Facebook Could Face ‘Trillions’ In Fines: Is This The Beginning Of The End?
Ok, I’ll say it: this is fucking bad. Really bad.
Meet Yi Gang, The New Head Of The PBOC
So as you’ve probably heard, The People’s Republic Of Xi appointed their first new central bank governor in 15 years overnight in Yi Gang.
Tech Shares Look Like They Want To Collapse As Facebook Jitters Weigh
It looks like this might turn into something of a shitshow for Facebook over the next several days and that will of course weigh on tech and the broader market more generally if the losses worsen.Â
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