Goldman: About That “Top” Long Dollar Trade – Fuck It.
Those who, like me, are in the maddening habit of tracking markets on a minute-by-minute
Guest Post: “Giddy Up – Sometimes Trades Are This Simple”
“Be careful assuming that elections are bad news for a nation’s currency. In this case, it is the exact opposite.”
Trump Calls Erdogan: Man Who Rigged Vote Congratulates Man Who Rigged Vote
The powers that be in Europe (those would be the same folks the Marine Le
Trader: “The Word Of The Month Is Going To Be ‘Frazzled'”
” The problem is, market pricing notwithstanding, nerves remain frayed. And markets may find that short-term volatility, in both directions, remains higher than is comfortable for most people.”
French Fries: “Everyone Is Petrified”
Everyone is petrified. The challenge for each of the four candidates is to seek new votes without alienating their base. French voters are like fish, like eels — very slippery.
Hey! I Know May Stole The Show But Don’t Forget Iron Ore Is Collapsing
It was a sharp move lower in iron ore that weighed on risk sentiment overnight as futures dropped 3.7%, following a nearly 2% move lower on Monday.
Theresa May Calls Snap Election In UK After Getting Sick Of “Game-Playing”
“It should be really bad but the most striking thing is, it isn’t really bad. She will have a glass of wine on a Friday night and go to bed perfectly relaxed because there is simply no effective opposition.’’
Yesterday, “The Direction Of Choice Was Down,” But Today “The Future Is Bright”
“Hyped tail risks keep failing to materialize as we overcome multiple hurdles.”
Key Calls (Tuesday): Upgrades, Downgrades & Initiations
Are your stocks on the list?
Visual Proof That Central Banks Killed Active Management
“I’ve gone to great lengths to try and disabuse retail of that notion, and not because I want to make people feel stupid. But rather because I want investors to understand that if central banks pull back and markets are allowed to trade in a two-way manner again, suddenly everyone is going to realize they weren’t the gurus they thought they were.”
Monday Night Humor: A FLOTUS Reminder
A friendly nudge…
Dude, Relax: Stanley Fischer Doesn’t See Any Risk Of Another Taper Tantrum
Well, I’m by no means sure that anyone cares on a lazy, post-holiday-weekend Monday, but
The March Deflation Mystery Is Solved. Hint: “Can You Hear Me Now?”
Let me preface this by saying that I have no idea how much weight to
Listen Up! Dollar Pares Losses On Mnuchin FT Ramble
MNUCHIN STILL EXPECTS THE TAX SYSTEM TO BE REFORMED IN ’17: FT
MNUCHIN: MAY BE WAYS TO RAISE $1TN W/OUT BORDER ADJUSTMENT: FT
Goldman: Your Favorite Stock ETF May Be Creating A Gross Misallocation Of Capital
At the risk of turning Monday into “Heisenberg’s anti-ETF crusade” day, I’m going to show
Alex Jones In Court: It’s Not Real, I’m “Playing A Character”
Here’s something that, on the surface, doesn’t seem like it’s worth highlighting. In fact however,
Guest Post: The Next Market Crash Will Be Facilitated By ETF’s
“While I am a big fan of ETF’s, I worry when I see enormous growth in a security or theme and always think about unintended consequences of that growth. I hope I am wrong on my hypothesis, but I’ve experienced many crashes and the underlying mechanics of investor panic generally do not change.”
SocGen’s Kit Juckes Is “Back From The Alps”: Here’s His Quick Pocket Guide To An Uncertain Market
The tough thing about a market dominated by geopolitical concerns is that geopolitics is country- or at least region-specific. There’s nuance, idiosyncrasies, thousands of years of history peculiar to this country or that, religious undercurrents, etc., etc. You have to take all of that into account when trying to make sense of markets in the context of multiple geopolitical powder kegs.
Here’s What To Expect For Turkish Assets Following The Great Sultan Rally
Monday is “write your own Turkish lira jokes” day…
As US Insurers Sue Saudis For 9-11, The Iran Boogeyman Makes A WSJ Cameo
Oh, lord. Here we go. One of the biggest lies force fed to Western audiences
Fortune Cookie Say: “Good Econ Data!” The Sultan Returns. Welcome To Monday.
Boom! It’s Monday. Let’s hit the ground running.
Trader: “Down Should Be The Direction Of Choice For US Stocks”
“Despite a Fed rate hike, a confluence of geopolitical risks, a correction in commodity prices, high profile policy setbacks in the U.S., the failure of most 2017 consensus trades and disappointing hard economic data, U.S. equities are not finding the path lower an easy one.”
Key Calls (Monday): Upgrades, Downgrades & Initiations
Are your stocks on the list?
All Aboard The Geopolitics Train! “Thoughts For The Week Ahead”
All aboard the geopolitical risk train! It took one Brexit, one Trump, a close call
Yields Fall Sharply In Delayed Reaction To Friday’s Abysmal CPI Print
As expected, 10Y yields are falling on Sunday evening in a delayed reaction to Friday’s
Lira Leaps More Than 2% Following Erdogan’s Big Referendum Win
The outcome removes prevailing uncertainty in Turkish politics, “at least in the short-term,†says Rabobank’s Piotr Matys who sees scope for the lira to rally to 3.5561 against the dollar, and then 3.40 as “the next potential short-term targetâ€
Here’s The Most Important Thing You Missed On Friday
“Credit supply restraint isn’t showing up in the numbers,” said George Magnus, an associate at the University of Oxford China Centre and former senior adviser for UBS Group AG. “Credit creation is still running way too fast.”
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