Pimco’s Balls On Markets: “You’re Too Relaxed. Raise Cash Now.”
Balls: “We believe that many market participants today are too relaxed, that medium-term risks are building.”
Guest Post: Are Stock Traders Actually The Pessimists Here?
“Could it be utility stocks smell the coming economic slowdown ahead of the bond market?”
Philadelphia Police Dept. Trolls Trump: “Drive With Covfefe”
Donald Trump has finally done it. He’s united the nation – in a coordinated effort
Just 10 Stocks Account For Half The S&P’s 2017 Gain: “We’ve Reached A Limit”
“At 17pp above the average since 2003, it would be unusual for this outsized 47% contribution to increase even further.”
One Bank Sums Things Up: “Equities Are The Last One Standing”
This is something I hope you already know.
Trader: “We’re Struggling To Understand Why Things Are Even Happening”
“So we function in a world where risk assets keep going up while we couch everything in risk-off terms. It’s not enough that our central bankers think they can play with our heads under the fiction that they are masters of nuance, we do it to ourselves.”
And At 6 Minutes After Midnight, Trump Did Deliver The Orb’s Message: “Covfefe”
There’s a logic to Trump that you can only get if you look at Trump
China Just Murdered The Yuan Bears
The PBoC has spoken and markets, at least for the time being, have listened. Coming
Key Calls (Wednesday): Upgrades, Downgrades & Initiations
Are your stocks on the list?
Here’s This Week’s “Central Bank Chatterbox”
So about two weeks ago, we said that Goldman is super excited about their new “Central
“Trumping Your Life” – The Funniest Thing You’ll Read All Week
“This is the second of five installments I plan to share. If you take this Trump-inspired self-help advice seriously, I believe it will significantly improve your existence.”
Alex Gardega Enjoys Vicariously “Pissing” On “Fearless Girls”
That bull had integrity. That’s your absurd quote of the day and it comes from sculptor
Goldman Has Some ‘Cheap’ Options Advice For You On Tuesday
Right, so earlier today we noted that just a few weeks after everything was supposed
Guest Post: Liberation From Facts – The American Cultural Revolution
“But, at the same time, it is the only developed country where scientific discoveries are not reported, but debated.”
Chart Of The Day: Don’t Fight The PBoC. K. Thx. Bye.
As you’re aware, some folks are talking about the yuan again. And that’s because last
It’s Official: “We Can Lay The Trump Reflation Euphoria To Rest”
“Still, when confronted with a choice of positioning for mean reversion or extremes to get more extreme, given the current level of market uncertainty I’ll choose the first one every time.”
Guest Post: Is China Behind The Huge Spec Long Position In Crude?
“I don’t know about you, but if I were a Central Bank with too many U.S. dollars, I certainly would be selling the fiat currency and buying some real assets. And if you think about it, nothing is a better real asset than crude oil.”
“Lower For Longer”: Goldman Presents “The Shale Productivity Paradox” (Part Deux)
“Even if declines stay elevated, there is not room in our view for the market to handle “full capacity†from shale, OPEC and Top Projects at $55/bbl WTI without inventories moving well above the 5-year average on days of demand basis.”
One Trader Talks Homemade Italian And A “Tag Team Wrestling Exhibition”
“It’s yet another example of how the global narrative increasingly resembles a tag team wrestling exhibition. Or at least a heated he said, she said rumble.”
CNN: Russia May Have “Derogatory Info” On Trump Other Than The Prostitutes Thing
The source said the intercepted communications suggested to US intelligence that Russians believed “they had the ability to influence the administration through the derogatory information.”
“The Honeymoon Period Is Over” – Bullard Ain’t Buyin’ Trump And Other Overnight News
“Washington does have to deliver at some point and I think that is a concern going forward, whether the honeymoon period would end at some point and maybe the reality of American politics would settle in.”
“Between A Rock And A Hard Place” – China’s Latest Yuan Gambit
“Stuck between a rock and a hard place, China is likely to strengthen the yuan in order to lure foreign capital as the liquidity lifeline.”
Key Calls (Tuesday): Upgrades, Downgrades & Initiations
Are your stocks on the list?
Memorial Day Satire: “Garrett Kushner? I Hardly Knew Her”
“He’s someone I would see around the office and who, I guess, was working for me.”
Does It Only Get Steeper From Here?
“Typically, excessive overweight implies subsequent sell off and vice versa. Spec positioning data, both levels and changes, is a contrarian indicator of subsequent rate changes.”
“Doug” Called Elizabeth Spiers A “Loser” – And Then It All Went Wrong For Doug
“But let’s be clear: he was talking about you, Doug.”
Guest Post: Why One Trader Is A “Big Bitcoin Bear”
Via Kevin Muir of “The Macro Tourist” fame We all know Dirty Harry’s viewpoint about
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