Heisenberg Effect Strikes Again As Coffee Demand Soars Most Since 2014
As the Heisenberg crowd is acutely aware, I almost died in late November. Quite literally.
One Bank Warns: The “Dark Side” Has Reappeared Just As “The Force” Looks Weak
“The dark side – protectionism – reappeared at the G20, just when the force – hope of a bold US fiscal plan – is looking weaker. This has hurt risk sentiment a bit, helping bonds find their feet. We see that as temporary profit taking on crowded trades, rather than a fullblown reversal.”
On This Measure, Stocks Are The Second Most Expensive In History
If you, like me, have argued that stocks probably won’t rise much further because investors can’t
GOP Accidentally Runs Ad Celebrating Obamacare Repeal During NCAA Game
“Thank lawmakers for replacing Obamacare”…
Wall Street Journal: “Media Is Right, Don’t Blame Democrats, Republicans Choked”
“And that’s no excuse. Republicans have campaigned for more than seven years on repealing and replacing ObamaCare, and they finally have a President ready to sign it. In the clutch they choked.”
Here’s What Rising Rates Mean For Government, Corporate America, And You
One of the obvious questions as rates begin to rise is this: what happens to government, corporate, and household finances?
Trump’s Message To America: Your Health Care Concerns No Longer Matter To Me
As long as America’s trials and tribulations with regard to health care premiums helped validate one of the campaign promises (“repeal and replace”) that got Trump elected, then great. But the second it became apparent that “repeal and replace” wasn’t going to work…
10Y Treasury Shorts “Aggressively” Cut After Fed Hike, But…
This is important because the latest data is current through Tuesday which means it captures the aftermath of the Fed’s “dovish” hike that sent yields plunging or, more to the point, moved markets against the (very) crowded short Treasury trade.
“Hope”: Health Bill Failure Isn’t Death Knell For Trump Trade, One Bank Says
We’ve said it before and we’ll say it again: one-way bets and crowded trades are
Guess What? The Market Stopped Believing In Tax Reform A Long Time Ago
“Investors have also reduced expectations for the timing and size of tax reform. After outperforming the S&P 500 by 520 bp post-election, our basket of stocks with the highest effective tax rates has given back all of its post-election gains in the last three months.”
Dear America: Why Can’t The Right Seem To Get Its Story Straight?
I don’t know if you’ve noticed, but the alt-Right can’t seem to make up its mind lately…
No More Heroin: Your Visual Guide To The Global Central Bank Exit Plan
A couple of weeks ago, Citi’s Matt King discussed what is perhaps the best reason
Chart Check: “This Should Be Fine”
Yeah, this should work out fine… (Goldman)
How To Exploit The Passive Herd With One Simple Strategy
If you frequent these pages, you’re well acquainted with the concept of passive investing and its rise
One Chart Explains How Much The Health Care Vote Matters For Markets
Ultimately, what the media prints and, in turn, what people read shapes investor psychology. It’s probably fair to say that plastering “Dow Hits 20,000” all over the front pages of national newspapers helped accelerate inflows into popular retail equity vehicles like SPY earlier this year.
“It’s Not Showing In The Data”: Small Business Lending Plunges Despite Trump Bombast
“The story of post-election small business optimism leading to greater investment is not playing out in the data.”
Are Carl Icahn, Howard Marks, And Heisenberg All Wrong About ETFs?
If there has ever been a moment where we’re tempted to apply the “famous last
“The Country Believes Me”: AP Takes Aim At Trump’s “Pattern” Of Lies
“Since the early days of his campaign, the president has developed a pattern: Make an outrageous claim. Dig in as the criticism rolls. And wait until, eventually, something emerges that can be spun as vindication of the earlier claim.”
TGIF: Markets Nervous As Trump Dares Congress To Pass Health Care Bill No One Likes
Well, it’s Friday and this week has been just as interesting as last week. Today
“As Greedy As A Pig”: Investors Pull Most From Bank Funds In A Year
Somehow I doubt this will come as a surprise to anyone, but investors yanked the most money from bank sector funds in more than year over the last week, as the Fed’s “dovish” hike exacerbated fears that popular Trump trades may have run their course.
“Confusion Reigns” In Markets. So Run The Damn Football
“It’s a grinder’s world. When headwinds are raging and confusion is reigning, three yards and a cloud of dust rather than the flea flicker may indeed have a better chance of racking up points.”
Key Calls (Friday): Upgrades, Downgrades & Initiations
Are your stocks on the list?
Eventually It Will Happen. It Always Does. Unless…
Then again, Trump does have an “out”…
Here’s What To Make Of Thursday’s Failed Attempt To “Repeal And Replace” Obamacare
While Donald Trump was busy playing “big boy trucks” on the White House lawn, Congress was busy not voting on his bungled attempt to “repeal and replace” Obamacare.
Peak Cash? Goldman Ponders A Cashless Society And The Benefits For Government
Much has been made over the past several years about the so-called “death of cash”.
Trump Calls It: Says “Very Good Chance” Health Care Bill Passes Moments Before Vote Delayed
But just as Trump predicted “what happened in Sweden” a day after it didn’t happen, we can probably assume that even if the health care bill hasn’t been voted on by the weekend, he’ll tell us on Saturday how great what didn’t happen on Friday was.
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