As The World Turns: Full Week Ahead Preview
Or “burns” – whichever.
Or “burns” – whichever.
Donald Trump is not an authoritarian, ok?
You *are* a patriot aren’t you?
“If we go out of business, it’s tough to look at my kids and the 550 farm families that look us into the eye and our 1,400 employees.”
Donald Trump is mad at cars.
“Escalating global trade tensions bring a risk of demand destruction across commodity markets.”
“Speaking with forked tailpipe”.
They were a “great group of people”. I’ll never forget them. Good old what’s their name.
“At their core, most macro models are central banking models and macro managers are carry investors. They willingly tied themselves to success in predicting bank actions, and in so doing had a wonderful stretch of good returns and low correlations with stocks.”
Just buy the dip, Jerry. Everyone’s buying the dip.
“But, alas, the ‘foolish or incompetent people’ skewered in the Donald’s 7:22 AM tweet are not some defunct Commerce Department or USTR officials from bygone times.”
…one question worth asking going forward is what happens when these two distinct types of risk-off events collide?
“While there can be no denying that stock markets often take the escalator up and the elevator down, this generalization is far from a law of nature.”
“Since the rules of arithmetic apparently have not yet been “disrupted”, AMZN’s implied multiple on operating free cash flow has erupted from an already frisky 39X to a completely absurd 120X.”
To be clear, you don’t ever want to count out the dip-buyers. But…
“The Donald seems to think that the 37% gain in the stock market between election day and the January 26th high was all about him, and in one sense that’s true. Donald Trump is all about delusional and so are the casino punters.”
I forgot about the burgeoning “flying urban tax market”…
“…they’ve simply deleted the entire industrial economy from the dashboard.”
“Last week’s twin 1,000 point plunges on the Dow were not errors.”
“We have crossed the fiscal Rubicon.”
“No one is excited.”
“It’s really a godsend to them.â€
Pride, Mr. President, goeth before destruction, and an haughty spirit before a fall.
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