‘Reckless And Outrageous’
“You will ride eternal”, reckless, gold leaf, and outrageous…
Passive Should Never Laugh At Active
“When I see a passive manager making fun of a fundamental investor, I am perplexed. The passive manager’s very existence relies on fundamental investors keeping markets efficient.”
Trey Gowdy And Devin Nunes Really, (Really!) Want You To Focus More On Uranium And Hillary And Less On Trump
Nope. Nothing suspicious about the timing here. Nothing at all.
‘The Automatic Flow That Poses The Most Immediate Risk Is VIX ETPs’: Goldman Takes On The ‘Doom Loop’
When the proverbial shit hits the fan, don’t blame risk parity and the trend followers. Rather, point the finger at the Target manager next door.
‘If You See A Vol. Spike, Try To Kill It, Ok? It’s Not A Pet.’
“It has been over 50 years since realized vol was as low as this year’s 7%. 2006’s 10% was the lowest SPX volatility of the lull between the dot com selloff and the financial crisis. The lowest annual SPX realized vol years on record are 1964 and 1965 with 5.3% and 6.8%, respectively.”
‘But What If’?
“Wherever you come out on what will happen later this week, the shift is that all four banks will be on hold or hawkish. No one is talking about cuts. And that’s an appropriate change.”
Powell, Taylor, Krusty And Why Trump Should Just Name Trump Fed Chair
“Eliminate the middle man.”
Trump Freaks Out, Says Bob Corker ‘Couldn’t Get Elected Dog Catcher’
“Someone missed their shift this morning.”
9-Year-Old Child Sends Trump $3: ‘How’s He Gonna Eat Or Drink?’
“How’s he gonna eat or drink?”
Krugman Rips Trump, John Kelly, John Taylor: ‘See? I Made A Joke!’
“But we are living in the age of Trumpal infallibility: We are ruled by men who never admit error, never apologize and, crucially, never learn from their mistakes. Needless to say, men who think admitting error makes you look weak just keep making bigger mistakes; delusions of infallibility eventually lead to disaster, and one can only hope that the disasters ahead don’t bring catastrophe for all of us.”
Key Calls (Tuesday): Upgrades, Downgrades & Initiations
You need an upgrade.
‘This Has Never Happened Before’ And ‘Because You’re The Smartest Audience On TV’ CNBC Will Regale You
“One other amazing streak may take place at Monday’s close”…
Watch For A ‘Deep Dive’ In The Euro
Whither the common currency…
Univ. Of Florida President: Taxpayers Just Spent The Equivalent Of 100 Tuitions To Subsidize Hate Speech
“At UF, which had nearly 1,000 state and local law-enforcement officers on campus on Thursday, the tab exceeded $600,000, the equivalent of nearly 100 students’ annual tuition. In effect, taxpayers heavily subsidized racist speech rather than education or research.”
Should Have Just Gotten Drunk.
Anyone home out there?
Myeshia Johnson: Wilson’s Account Of The Trump Call Was 100% Correct – The President Was On Speakerphone
Our message to Trump, which we imagine will fall on deaf ears, would be this: just stop Mr. President – for the love of God, just stop.
‘A Taylor Away From Losing A Year Of Carry In 15 Minutes’
“Say what you want about the guy, but if Trump has an area of expertise, it’s cheap credit. To think he will follow through with his campaign promise to return the Federal Reserve to an era of discipline is naive.”
‘It’s Enron In The Making’: Prince Alwaleed Says Bitcoin ‘Is Just Going To’ Up And ‘Implode One Day’
“I just don’t believe in this Bitcoin thing, I think – I think – it’s just going to implode one day.”
One Trader Would Appreciate It If You’d Pull Your Head Out Of Your Ass On Monday
“Show a little spirit and giddy up.”
‘That Is Wrong’: McCain Clowns Trump For Dodging Vietnam With ‘Bone Spur’ Excuse
“That is wrong. That is wrong.”
‘Friday Felt Like A Climax To Us’: Most Bullish Analyst On The Street Sees Pullback
But there’s good news too…
Key Calls (Monday): Upgrades, Downgrades & Initiations
You need an upgrade.
Frederica Wilson: ‘I Remain Livid That Trump Dismissed This Local Hero’s Sacrifice’
“The president can refute my account, but family members who were in the car support it.”
Super Mario: Full Week Ahead Preview
As usual, the docket is full and the risks are multiplying.
Yen Falls After Japanese Election As Nikkei Eyes Record Winning Streak
Now we’ll see if this is enough to propel the Nikkei to a 15th consecutive winning session.
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