Key Calls (Wednesday): Upgrades, Downgrades & Initiations
Are your stocks on the list?
Alex Jones Is Pissed At Yogurt: Chobani Sues InfoWars For Defamation
It just gets worse and worse – and funnier and funnier.
One Day, You’ll Realize Why These Charts Matter
You can file the charts shown above away in the “extremely useful information to have at your disposal” folder and we would be willing to bet you’ll find yourself referring back to them sooner or later.
Want A Reason To “Sell In May”? Here’s One
Remember China? It’s a big country that’s somewhere near Sweden I think. No but seriously,
When Shorting Small-Caps Goes (Horribly) Wrong
Here’s some Tuesday afternoon humor for you. So the latest CFTC positioning data (out last
Were You “Born Yesterday”? Mexico Ain’t Payin’ For That Damn Wall, America
“Let me ask a question of all you small-business owners out there.”
The ECB Is Getting Really Good At Leaking Shit To Reuters
“Some or all the references to prevailing downside risks to the outlook, to the possibility of further rate cuts or to larger asset purchases may be taken out, the sources said.”
“Buyer Beware”: Trading VIX ETPs? You Probably Have No Idea What You’re Doing
“Popular, but often misunderstood”…
One Man’s Kurd Is Another Man’s “Terrorist”: Turkey Bombs US-Allied Forces In Syria, Iraq
Ok, so this is something worth noting as it speaks to the absurdly convoluted nature
Just One Quick Chart
Just a Tuesday quickie.
It’s “Make-Or-Break Time” And We Could See “A Painful Cleanout”
“During the past five years, May has been the worst month, on average, for EM FX. I remain a structural long-term bull on emerging markets, but the next month could see a painful cleanout of complacent positioning.”
Goldman Isn’t Sure How Many Times You’re Going To Ask, But “Yes,” They’re Still Bullish Commodities
Goldman isn’t sure how many times they’re going to have to tell you to be
It’s Tuesday And This Market “Sees No Demons”
“With French political risk significantly reduced (even if there’s still a two-week second round campaign to negotiate), an improving global economy, steadier oil prices, and most of all, range-bound US yields and a lack of fear of rapid Fed tightening, investors see few demons and are off in search of yield.”
Trader: “Ok, So What Do We Do Now?”
“What we’ve had so far this week, I know it’s only Tuesday, has been a repricing without the benefit of meaningful price discovery along the way. Gaps during the Asia-Pacific opening are one thing. Ones followed by flat-lined price action suggest order books emptied followed by “So what do we do now?†And if there isn’t a quick follow-through in momentum, the next question will be “What have we done?â€
Key Calls (Tuesday): Upgrades, Downgrades & Initiations
Are your stocks on the list?
Is Steve Bannon For Real? “When I Knew Him, He Just Wanted To Make A Buck”
“These days, Bannon is a dishevelled presence in the Oval Office, but he cut a different figure in Beverly Hills, where he looked the part of a Hollywood executive—fast-talking, smartly dressed, aggressively fit, carrying himself with what one former colleague described as an “alpha swagger.â€
As Vol “Re-Enters The Doldrums,” Goldman Weighs In
“Around major political events over the past year implied vol has usually spiked close to the event given late positioning, as being long vol has been a negative carry trade. In the week after these events vol has fallen materially as the events have turned out to be less negative for markets than feared.”
Marine Le Pen Isn’t A Nazi – And She’ll Prove It By Stepping Down As FN Leader
“Tonight, I am no longer the president of the National Front. I am the presidential candidate.”
Goldman: Globalization Will Prevail, Macron To Beat Le Pen Handily
“Following the first-round outcome, the Le Pen camp have claimed that the second round of the election will represent a choice between Mr. Macron’s pro-globalisation agenda and their candidates more protectionist stance. Ms. Le Pen proposes the cancellation of existing free-trade agreements and opposes future ones.”
Monday Humor: Connect The Dots
“Muhahaha”
Warning: “Cliches May Be Boring,” But Nature Does “Abhor A Vacuum”
“Given the large number of gaps that have developed over the weekend because of the French election, traders will no doubt wonder how seriously to take the traditional warning.”
“A Small Spark” Could Trigger An EM Correction, But For Now: “No Bears Allowed”
“Despite the 16 weeks of inflows into EM debt, positioning is not that extreme, as investors have been reducing risk in last few days ahead of binary events. Market participants agree that valuations are stretched but carry seems to be the only game in town.”
One Bank Asks: “Who Will Burst This Bubble?”
“We have no political expertise but nonetheless recognise the palpable relief but we also understand the real problem for equities worldwide is one of high valuations, high expectations, yet still lacklustre growth and ever worrying and mounting levels of leverage.”
Jeff Sessions Thinks “Nobody Has A Sense Of Humor Anymore” When It Comes To What’s A State
“Why not just call it the state of Hawaii?”
“Of Sharks And Men”: A Reader Weighs In On The Future Of French Politics
“The blow-out personal performance of Mr Melenchon with almost 20% is very similar to the Le Pen vote in the desperation of broad areas of the country – the rural areas who feel abandoned, the suburbs where law and order are in short supply, the South exposed to poorly integrated immigrants.”
Nikki Haley Isn’t “Looking For A Nuke Fight,” But If That’s What Kim Wants, Well Then…
“What we have said from the beginning and what I’ll continue to say is the United States is not looking for a fight so don’t give us a reason to have one.”
Hellz Yeah! European Stocks Explode, US Set To Rally As Market Celebrates Macron
The final tally was Macron 23.75%, Le Pen 21.53% and to say markets are relieved
You must be logged in to post a comment.