Good News: The Marginal Equity Buyer Is Back (And Bigly)
Is the marginal equity buyer back?
Search Results for: trump stock market
John Dowd: On Behalf Of The President, ‘I Pray Rosenstein Shuts Down Mueller Probe’
I’m sure you can see where this is going.
Dollar Strength Is Hiding In Plain Sight, And One Strategist Says It’s Here To Stay
Sustainable rally or dead cat?
From Russia With Love.
Trade wars, Russians, morons, markets.
R.I.P. Goldilocks
“One of Wall Street’s most misbegotten memes is the Goldilocks Economy notion. They invariably trot her out near the end of a business cycle in order to keep the mullets buying stocks and the Fed heads as anesthetized as possible.”
Toon Time.
C’est la vie.
Hard Rexit.
Let’s see, where do we start with the crazy?
And Now, We Wait.
It says a lot about how uninspiring a given day truly was when the biggest news involves Larry Kudlow.
Where The Risks Are: A Spider Web Of Financial Excess
“Mostly reassuring.”
The Interview.
Well, what can you say about this week?
What Wall Street Is Saying About The ‘Goldilocks’ February Jobs Report
In any event, here is some of the early analyst commentary that will of course continue to trickle in throughout the day from whoever hasn’t already headed out to the bar (which is where I would have been by now on a payrolls Friday were this two years ago).
Jobs Report Beats, Average Hourly Earnings Misses
U.S. Feb. Nonfarm Payrolls Rose 313k
Avg. hourly earnings Y/y 2.6%
One Bank Sees Volatility ‘Spilling All Over The Place’
“…volatility across various asset classes can be at times highly correlated and hence the extraordinary growth of short volatility strategies might create risks.”
Draghi Talks Up Goldilocks, Trims 2019 Inflation Forecast, Ups Near-Term Growth Outlook
Again, those highlighted bits are a clear effort to massage the message – they’re trying to preserve the Goldilocks narrative by telegraphing a still-subdued outlook for inflation while underscoring the near-term upbeat growth picture.
(Trade) War And Peace.
Ok, let’s just step back for a second and take stock of everything that’s happened in the past 72 hours.
New From Epsilon Theory: ‘But What Is It, Really?’
“The name of the thing being sold isn’t always a very good representation of what the thing is, sometimes for innocent reasons, and sometimes because crunchy, raw, unboned, real, dead frog doesn’t sound very appetizing.”
Trade On, Trade Off.
Days like today are always amusing to the extent they bring out the Don Quixote in people.
Not For The Faint-Hearted: Full Week Ahead Preview
This is not going to be for the faint of heart.
As Navarro Ratchets Up Trade Rhetoric, Take A Minute To Meet Mr. ‘Death By China’
Peter Navarro needs no introduction, or maybe he does because as it turns out, a lot of Americans aren’t fully apprised of the extent to which America’s trade policy is now being dictated by a pseudo-academic whose claim to fame is “Death By China”, a documentary that features a Bowie knife with a yuan note wrapped around the handle literally stabbing America in the heart(land).Â
Analysts Can Think Of Worse Things Than A Trade War – Like Say, ‘An Asteroid Hitting The Earth’
So basically, Ben just said that the only thing he can think of off the top of his head that would be worse for financial markets than Trump starting a trade war would be if the plot of “Seeking A Friend For The End Of The World” became reality.
Have Genius, Will Travel.
Well needless to say, this was not a particularly inspiring week.
Moody’s: ‘March Is Off To A Horrible Start, Tariffs Warn Of Even Faster Price Inflation’
“Do not be surprised if a very adverse reaction by financial markets forces the administration to reconsider the tariff proposals.”
The Big Dollar Question: Is This The Turning Point?
So there you go. You can take that to the bank. Or not.
The Wolf Finally Came.
And so we close the book on February.
Morgan Stanley Goes Rogue, Is Bullish On Bonds Because Frankly, Consensus Is ‘Usually Wrong’
“The wisdom of crowds has yet to grace itself on bond yield forecasters.”
All Hail The ‘Xi Put’: Chinese Shares Soar As Xi Decides ‘Forever’ Is Better Than ‘Not Forever’ When It Comes To Ruling
Folks are fired up about the possibility that the Xi “put” will be squarely in place in Chinese markets for the foreseeable future. And by “foreseeable future” I mean…
There Is ‘Only One Scenario’ Where Equities Benefit From Here
Boy, I’ll tell you what: I would absolutely love to rent out a small auditorium, pack it full of economists and analysts, make it an open bar event (so, all you can drink for free), set the conversation topic to “impact of rising rates on stocks”, lock the all the doors and then watch what happens from the safe confines of an observation deck.
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