Goldman’s ’25 Ideas For Earnings Season’ & Why Index Moves No Longer Matter
Listen, if you haven’t been able to capitalize on a universe of compelling event-driven opportunities in US equities, then that’s your problem.
It’s certainly not the fault of Goldman’s John Marshall and Katherine Fogertey.
‘Sold To You!’, Loonie Bulls
“The Loonie is streaking higher like a Canuck on a breakaway, and suddenly, all the Canadian Dollar bears are strangely silent.”
One Trader’s Advice To Yellen: Get Your Motherfuckin’ ‘Roll’ On…
“I’d settle for here’s what were going to do because it’s the right thing to do. And we’ll deal with what comes if necessary, that’s how we roll.”
Are We Now Ok With Encouraging Foreign Dictators To Hack Domestic Opponent’s Emails?
“The problem with dwelling too much on the covert forms of collaboration, which we have come to call “collusion,†is that doing so risks letting Trump at least a little bit off the hook for what is not meaningfully disputed: that the president publicly, knowingly, and repeatedly (if only tacitly) collaborated with a foreign power’s intelligence effort to interfere in the presidential election of the country he now leads.”
Oil Careens Lower In Hilarious Post-Data Nosedive
Algos, crisis of confidence, incessant data parsing for something negative, or folks “questioning their religion”?
Mr. Trump, Your Son Is ‘Collusioney’ As Hell
“Smoking guns don’t need to be nearly this hot to capture Washington’s attention”…
‘Loon’-Acy: USDCAD Dives As Bank Of Canada Hikes Rates
Canada Raises Rate to 0.75%, Says CPI Softness Is Temporary
BOC: “current outlook warrants today’s withdrawal of some of the monetary policy stimulus in the economy”
‘All In’: Don’t Look At These 4 Charts
With the “raise cash” calls rolling in, and with DM central banks poised to upset all kinds of applecarts (including the bacchanal, drunken orgies hosted by the vol. sellers and carry traders), we cast a wary eye at the following charts and ask…
Yields, Dollar Fall As Yellen Seen Timid
“I see roughly equal odds that the U.S. economy’s performance will be somewhat stronger or somewhat less strong than we currently project.”
‘Lock In Gains And Raise Cash,’ BofAML Says. There’s Just One Problem…
“We recommend that investors lock in some gains in the stock market, re-balance to under-owned sectors and hold above-average cash.”
Did China Just Rescue Their ‘Nasdaq’ By Buying A Bunch Of Tech Stocks Trading At 40X?
“Arresting” the slide…
Kuroda Vs. The World: BoJ Moves On The 5Y As YCC ‘Mission Creep’ Looms
Dammit no one is really talking about this, but it’s definitely notable. On both Monday
Key Calls (Wednesday): Upgrades, Downgrades & Initiations
You need an upgrade.
‘Questioning Your Religion’: Crude Surges On API Data, Underscoring Manic Market
“If output doesn’t rise as much as previously anticipated, then it’s time for the bears to start questioning their religion again.”
It’s No Longer Possible That This Is A ‘Nothingburger’
“What we can say now is that this is one of the three most damaging presidential scandals of the modern era.”
‘House Of ‘Tards’: Gold, Yen Bid As Investors Seek Safety After Trump Jr. Snitches On Self
If you were looking for an interesting set up heading into Yellen’s testimony on Capitol
‘The Risk Of Impeachment Is Now Higher’: One Bank Weighs In On Trump Jr. E-Mails
“Do these most recent developments, which suggest that key Trump advisers, including his son Donald Trump Jr. and son-in-law Jared Kushner met with a Russian lawyer (who had previously lobbied in Washington against the 2012 Magnitsky sanctions act), change the potential for impeachment?”
Donald Trump Jr., Like A Nice Piece Of Laminate Flooring, Is ‘High Quality’
No such luck for Donald Trump Jr.
‘Beware Global Tapering’: Behold The ‘Safe Bond Supply Shock’
What effect will Fed balance sheet normalization have on Treasury yields? That’s quickly becoming something
Trump Jr. Tweeted E-Mails Because NY Times Had Him Red-Handed
Well, it looks like the “fake news media” isn’t so “fake” after all. Because those
Stocks Fall, VIX Spikes As Trump Jr. Tweets E-Mail Chain
As Bloomberg notes, markets are on edge “amid headlines that Donald Trump Jr. was told in an email that Russia wanted to aid Trump campaign.”
Look! More FX Shenanigans In China
If you’ve been following along over the past two months, you know China is engaged
Danger, Will Robinson! Emerging Market Bond Funds See Slowest Inflows In 23 Weeks
On Monday, we spent quite a bit of time talking about EM debt funds and
Goldman Commodities Mea Culpa: ‘We Didn’t Understand The Fundamental Rules Of Investing’
“…more importantly, the fundamental rules of commodity investing have been underappreciated both by us and by market participants.”
‘The Question At This Point’ Is Who’s Going To Jail
“From now on, ignore the conventional wisdom about how the Russia scandal is not “resonating†with President Trump’s still-loyal base. The question at this point is what strikes a chord with special counsel Robert S. Mueller III — and what kind of legal jeopardy Trump’s closest associates, including his eldest son and son-in-law, might eventually face.”
One Trader Won’t Tell About The Aliens In His Basement, But He’ll Talk About Price Sensitivity
“Rather, as we ponder the notion of a global regime change in monetary policy, and rates more broadly, it’s a big mistake not to consider that at some point issuers will be fighting to tap into a far more selectively inclined investor base.”
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