Albert Edwards Really Wants To Bitch At Janet Yellen, But He’s Going To Talk About Copper Instead
Last week, everyone’s favorite bear Albert Edwards tried to warn us. But did we listen?
Entire World Scrambles To Figure Out Why The Hell The Dollar Isn’t Stronger On Thursday
So what gives? Well, probably not a lot. It could just be everyone is taking a breather. But, in a testament to Nassim Taleb’s “narrative fallacy” argument, we have an overwhelming tendency to ascribe “causes” where there are none.
Key Calls (Thursday): Upgrades, Downgrades & Initiations
Are your stocks on the list?
Holy Sh*t Chart Of The Day
This may be “familiar behavior for the credit market”, but I can’t help but flag this as a pretty alarming indicator regarding the credit risk surrounding the upcoming French elections.
Epic Wednesday Humor (Lord Of The Rings Edition)
“In the place of a Dark Lord you would have a Queen!”…
Correlation Doesn’t Equal Causation Which Is Fine Because That Was Never The Point
The problem – or at least one of the problems – seems to be that whenever some people hear “correlation”, they Marty McFly it right back to high school science class and regurgitate the old “correlation doesn’t equal causation” line and then subsequently tune out as if they’ve dropped the mic on me.
“Market Crash” Places Distant 3rd To Populism In Bank Risk Survey
Once again I say: “Thanks populism”…
Trump Is Damned If He’s Right, Damned If He’s Wrong
On Wednesday, Trump took it up another notch. In the wake of Michael Flynn’s unceremonious ouster, the President expanded his conspiracy theory to include the intelligence community…
Chart Check (A First)
Misplaced optimism?
One Trader Warns On Market Myopia: “I’ll Make The Money, You Manage The Risk”
Ok, it’s just getting comical now. Everyone is saying what I’ve been saying for months
Yuuuge Inflation Print Sends Dollar, March Odds, Yields Soaring
Going into the week it was all about two things: Yellen on Capitol Hill and
America Or Japan: Who’s More Creditworthy?
Survey says!…
Does Anyone Still Give A Sh*t About China Risk?
We’ve come a long way (I guess) since the days when China risk was in the driver’s seat in terms of financial conditions and it’s a good thing, because the Fed has enough on its plate without having to worry about whether a wayward PBoC will short circuit the FOMC’s plans to normalize policy.
Key Calls (Wednesday): Upgrades, Downgrades & Initiations
Are your stocks on the list?
“Bigly”: Reflation Is Back As Dollar Rises, Global Stocks Rally, Oil Eyes EIA Data
Apparently, reports of the reflation meme’s demise were greatly exaggerated. It wasn’t too long ago
The Mystery Of The Short Short VIX Trade
I’ve talked a ton about volatility (or, more appropriately, an acute lack therefore) in these
“Legal Hell”: The Complete Idiot’s Guide To Trump’s Attack On The Judiciary
It doesn’t surprise me that so many “so-called” voters (that’s a joke) are so profoundly ignorant
That Was “Easily The Most Hawkish” Yellen We’ve Ever Seen
“Yellen’s remarks in Senate testimony were the trigger point for a market that may have been short dollars, a trader in London said, while Amherst Pierpont’s Stephen Stanley described them as ‘easily the most hawkish message’ that she has delivered as Fed chair.”
Tuesday Humor (Meet The President)
A special day for America’s youth…
“Genuinely Scary Moments Are Ahead,” One Trader Warns
“Theoretically, Europe is set to avoid each of this year’s political pitfalls — but the scares will be genuine. The euro will continue to slide in line with the rising long- term risk-premium around the region, while the bond markets flare-ups will be acute ahead of specific dates.”
Tuesday Humor (“It’s Magic”)
Here’s what gets us to Dow 100,000…
Goldman: Trump Threatens Europe With Strongman “Bilateral World Order”
So you know, the percentage of the European population that’s still sane (and that’s an ever dwindling number apparently) would have really appreciated it if Trump would have just been satisfied with the damage he’s already done rather than piling it on by dispatching Peter Navarro to weigh in on the legitimacy of the common currency.
Algos Go Nuts As Word “Hike” Makes Appearance On Capitol Hill
The machines were ready…
Chart Check (One Word And One Word Only)
Earlier on Tuesday, I brought you some excerpts from Goldman’s corporate “Beige Book.” Essentially, the
Here’s What Corporate America Is Most Concerned About
Do you want to know what corporate America cares about? Sure you do. After all, you’re
Janet Yellen Has A Valentine For You
As noted earlier this morning, Valentine’s Day is all about Janet Yellen on Capitol Hill. Although
Yellen Yellin’ On Capitol Hill, Dollar Slumps, Toshiba Turmoils, China PPI, German GDP: Enough Said
Ok, so there was actually quite a bit going on overnight, but needless to say,
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