Treasurys Dump, Dollar Jumps After Econ Data
Boy, that escalated quickly…
Big Bank Earnings Breakdown: Full Summaries Of JPMorgan, Bank of America, Wells Fargo Results
Bank earnings are seen as the first real test for the Trump rally as investors are looking forward to what they hope will be higher margins and a more friendly regulatory regime.
This Chart Tells You All You Need To Know About Hedge Funds
“2 and 20†works fine when things are going well. Not so much when things are going poorly. After all, who wants to pay someone 2% of AUM to lose money or to grossly underperform benchmarks?
Daily Kickstart (“I Had Some Bad Chinese”)
We’re gonna need a weaker yuan. Data out Friday showed China’s exports falling 6.1% y/y
Mexico To Buy Twitter?
“Instead of spending its precious reserves to defend the peso, Mexico should just buy Twitter Inc. — at a cost of about $12 billion — and immediately shut it down.” They’ve got the money so what the hell, right?
“Cash”ing In?
The holder of cash has an effective option to purchase more volatile assets if and
It’s A “Clearly Artificial Regime”: No Love For The PBoC
Last week, we witnessed a truly epic short squeeze in Hong Kong. Soaring deposit rates,
Thursday Humor: Epic Headline Hockey
Fake news?
Think The Great Bond Bull Market Is Dead? Not So Fast
Old bulls, like old habits, die hard.
More Cold Turkey: Is It A Currency Crisis Or Not?
On Wednesday, in a post that was simultaneously tragic and hilarious, I documented Turkey’s unfolding
Thursday Chart Check: How Far Are We From Throwing A “Tantrum”?
Needless to say, there’s been no shortage of speculation this year about yields and where
“It’s Like Living In The Roman Colosseum”: Reaction To Trump Presser Lacks Nuance
“If investors were left disappointed on details relevant to the economy and policies, it’s because no one raised the issues in any substantive way.”
Daily Kickstart (Dollar Doldrums)
Oh how the mighty (greenback) has fallen. The consensus trade of 2017 is having a rough
Visualizing A “Yield Crisis”
Bonds for the capital gains, stocks for the yield…
“Populism Leads To War And Poverty”: Chinese President To Deliver Stark Warning In Historic Visit To Davos
Essentially, Xi sees the US election and the political turmoil in Europe as an opportunity for China to usher in a new era of bipolarity on the way to -perhaps – unipolarity with China as the world’s only superpower.
Trump Event A Yawner – Unless You Own Biotechs
Today’s “main event” turned out to be a bit of a dud. And I don’t
It’s Not All Bad For US Stocks…
We can always count on leverage…
Caption Contest (Vanity)
“Definitely my favorite sin”…
How To Trade Today’s Main Event
“You can cut the anticipation with a knife.”
Wednesday Chart Check (Trump, Brexit, And FX Chaos)
The US election and Brexit have a whole lot in common. Both represent the electorate’s
Daily Kickstart (Dear Mexico, We’re Sorry About All This)
I think I can probably sum up Wednesday with one sentence and one chart…
Tuesday Chart Check (Bitcoin Edition)
Sure, many Chinese citizens are so desperate to move money out of the country that they’re
Two Thirds Of Americans Say Trump Should Stop Tweeting – For Good
“140 characters may not be enough to tell Donald Trump just how much Americans want him to knock off the tweeting.”
Trading Trump’s Coronation
There’s been nothing ambiguous about investors’ collective reaction to the election of Donald Trump. Once
John Kerry Slams Trump’s Twitter Addiction, Warns On “Rise Of Authoritarian Populism”
“Every country in the world better start worrying about authoritarian populism and the absence of substance in our dialogue.”
Liquidity Lapse: Don’t Say You Weren’t Warned
The liquidity picture for corporate cash bonds is looking increasingly ugly.
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