10Y Yields Are Back Above 3% And Oil Is Surging – What Happens Next?
10Y yields rose above 3% again overnight, so I guess Jamie Dimon is getting closer to being “right” all the time.
Jamie Dimon Understands That His Future President Self May Have To Deal With A Recession And/Or Higher Yields
“Someone asked me once, what’s the odds of a recession? I said it’s 100 percent. But the question is when.”
Hold My Beer While I Poke This Hornet’s Nest.
Well, he did it.
It’s Official: Trump Exits Iran Nuclear Deal, Accuses Tehran Of ‘Nuclear Blackmail’
TRUMP SAYS U.S. WILL EXIT THE IRAN NUCLEAR DEAL
Argentina Looks To IMF For $30B Credit Line Amid Run On Currency
Anyone want to try and predict what comes next here?
Trump Will Withdraw From Iran Deal, Let Sanctions Go Ahead, Crude Whipsawed
Draw your own conclusions.
Goldman Says Overweight Cash As Ray Dalio’s ‘Pretty Stupid’ Cash Holders Still Looking ‘Pretty Smart’
There is suddenly an alternative.
Italian Ice: Who Wants To Have A Snap Election In July?!
Draghi probably could have done without this.
Here’s What’s At Stake In Trump’s Tuesday Announcement On The Iran Nuclear Deal
“The ratings will be tremendous.”
Problems Are Emerging.
Who said EM meltdown?
Pushing Against The Big Wave
“And if the money velocity stops declining, and god forbid, even increases, what will happen to the mountain of monetary stimulus that has been administered over the past decade?”
BofA Analyst Who Predicted Demise Of Armchair Vol. Sellers Has A ‘Notoriously Good’ Leading Indicator He Needs You To Look At
You’ll either listen to Michael Hartnett, or you’ll end up like Seth.
Who’s Doing The Selling In Emerging Markets? It’s The ‘Smart’ Money, Stupid.
Trade accordingly.
Or actually don’t – because if the above is right and you sell, then you’ll end up exacerbating the situation
The ‘Enemy Of Interest Rates’ Is Not Holding The Turkish Central Bank Hostage, Why Would You Say That?
But hell, I don’t know. Maybe I’m just a scheming “Gulenist tool” like Preet Bharara.
More Good News Out Of Eurozone Economy And By ‘Good’, I Mean ‘Bad’
You know that “global slowdown” narrative that seems to be gradually supplanting the “synchronous global growth” meme that dominated in 2017? Yeah, so that was reinforced a bit on Monday.
And Now, Back To Your Regularly Scheduled Minefield Sprint: Full Week Ahead Preview
So yeah, cue the mascot minefield meme.
What Is The Probability Of ‘Something Bad’ Happening? Of Geopolitics And Policy Gamblers
Fault lines, 90th percentile risks and the probability of stepping on a land mine.
Should You Buy The Banks Like, Right Now? Yes! No. I Don’t Know, Maybe!
Clients just want to know when the damn recession is coming, ok?
There May Be Someone At The White House With More Contempt For A Colleague Than John Kelly Has For His Boss
If Betsy hates grizzly bears, she probably hates “mad dogs” even more.
Elon Musk Says Tesla Short Squeeze Will Be Bigger Than VW’s Then Says He Will Become Willy Wonka
I don’t know, maybe there’s a strategy here, but if there is, it is not readily discernible.Â
‘The Snapback When It Comes Can Be Vicious’: Albert Edwards Thinks Credit ‘Isn’t Getting The Message’ (Yet)
“And another straw in the wind may be the performance of a newly issued junk bond of a company called WeWork who have invented an entirely new, nonsense valuation metric – ‘community-based EBITDA’!”
Trump Delivers Insane Speech On Kanye West, Alien Criminals, Savage Gangs, Guns, Blood And ‘Knives, Knives, Knives’
“Trump explained that England, which banned guns, is very stabby, and there’s blood all over the floors of the hospitals of Knifecrime Island.”
It’s ‘Grotesque’! Of Buybacks And Leverage
“…it’s not like you have to dig deep to find a problem.”
‘Don’t Panic’ And The ‘Last Man Standing’
Douglas Adams time.
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