Key Calls (Thursday): Upgrades, Downgrades & Initiations
You need an upgrade.
‘The Risk Remains Large’: Updating The VIX ETP ‘Doom Loop’
“With VIX futures several points below their historical average, a several point move would not be a tail scenario.”
‘He Hates Trump’: Aides Wanted Tillerson To Resign Today For Calling Their Boss A Moron
“In a perfect world†he would have quit right then and there, another said.
How We Got Here – For Dummies.
“The further on we get from the crisis while still operating in a regime characterized by crisis-era policies, the more difficult it becomes for investors to remember a time”…
Bubbles, Bubbles, Everywhere…
“Bubbles, bubbles, every where, Nor any one to pop.”
‘Volatility Would Return With A Vengeance’: Kocic Warns On Warsh And The Rebuilding Of The Fourth Wall
“However, giving up transparency and sticking unconditionally to policy rules, i.e. rebuilding the fourth wall, carries with it enormous risks.”
‘White, Still’: The Myth Of The White Eclipse
“Many of the unfair ‘opportunity hoarding’ mechanisms used by the upper middle class have racist origins – exclusionary zoning, legacy preferences, for instance – and now serve to entrench class positions, as well as racial gaps.”
There Are No Atheists In Foxholes
“Here is my new prediction.”
Geopolitical Rubber (Bullet) Hits The Road: Catalonia Shocks Market
Or is this just another bump in that familiar road to new highs for global equities?Â
Duke Professor: Trump Is A Textbook Racist – Literally
“As a professor who researches and teaches courses on the health effects of race, racism and inequality, I can assure you that the president’s defenders are wrong. Trump is a racist.”
Tillerson: Trump Is ‘A Moron’
Tillerson stunned a handful of senior administration officials when he called the president a “moron†after a tense two-hour long meeting in a secure room at the Pentagon called “The Tank,” according to three officials who were present or briefed on the incident.
Who’s Ready To Send Chinese Stocks Screaming Higher?!
That said, being aware is infinitely better than being oblivious.
If Only Stephen Paddock Had Shouted ‘Allahu Akbar!’
“No, no, no. Then we know what we’d be doing. We’d be scheduling immediate hearings in Congress about the worst domestic terrorism event since 9/11. Then Donald Trump would be tweeting every hour “I told you so,†as he does minutes after every terror attack in Europe, precisely to immediately politicize them.”
Key Calls (Wednesday): Upgrades, Downgrades & Initiations
You need an upgrade.
Goldman Puts A Number On It: Here’s How Much The S&P Rises If Tax Reform Gets Done
“These estimates contain considerable uncertainty.”
Trump Has Shortlist For Fed, Yellen Not Expected To Get The Nod
“Now what do you got? Anarchy. You got anarchy.”
BlackRock Won’t Touch Bitcoin, But They’ll Gladly Sell You An ETF Nightmare
“…to all the Bitcoin fans and crypto-crazies out there, I’ve got good news: I’m siding with you on this one.”
Ctrl-Alt-‘Up’.
Another day, another…
‘Pigs Just Might Fly’ In A World Where Spreads Are This Out Of Touch With Leverage
“However, by 2008’s final quarter, corporate debt reached 523% of internal funds and the high-yield EDF soared to 10.33%. At the same time, a mild recession was turning into a global calamity.”
Blankfein: Goldman Isn’t ‘Endorsing Bitcoin’ – Until They Decide How Profitable It Will Be
“Still thinking about #Bitcoin.”
Gandalf Sighting! Kolanovic Describes The Next Crisis, Warns Of ‘Backlash Against Central Banks’
And what does Kolanovic think the next crisis will look like? Well, “the next crisis’s main feature will be severe liquidity disruptions resulting from market developments since the last crisis,” he says.
Here Is The Source Of The Next Crash
“But I wonder if Ray Dalio’s retirement was equally smart. Could he have timed it perfectly? Did he retire like Michael Jordon after sinking the jump shot in the dying seconds to win the series?”
Trump ‘Hates’ To Tell Puerto Rico, But They’ve Thrown ‘A Thing Called Budget Out Of Whack’
“What is your death count?”
‘Your Guess Is As Good As Mine’: One Trader Tells You How Friday Is Going To Go
“Still, like it or not, traders will scream about, and trade on, misses or beats of statistically meaningless amounts to a number whose meaning will only be really known in hindsight.”
2 ‘Remarkable’ S&P Stats
Meanwhile, from the file marked “evidence that the equity euphoria is completely out of control”…
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