Trump’s Wiretap Story “Is Less Plausible Than A Zombie Invasion”
“Loopier still is to demand that Congress find the truth when the president could just pick up the phone and instruct the FBI, CIA and DNI to declare on the record whether this ever occurred.”
“Wait For Iiiit….” Crude’s Epic Collapse Is Warning Sign For Another Massively “Consensus” Trade
Ok, now that NFP is out of the way, it’s time for some humor (interspersed,
“This Is Goldilocks Data”: Was The Jobs Number Just Right?
“This is Goldilocks data – just right for Fed to hike, but not enough to accelerate what is already priced in.”
Meanwhile, Over At The Propaganda Ministry: “Great Again,” “Sizzling”, “Jaw-Dropping”, “!”
Count the superlatives…
“WAM!” The “Holy Schatz” Mystery Is Solved
Recall last month’s “holy Schatz!” drama. The front end of the German curve richened materially
February Jobs Report Beats, AHE Misses
U.S. Jobless Rate Falls to 4.7% in Feb., Payrolls Rise 235K
Nonfarm payrolls forecast est. 200k, range 150k-275k from 89 economists surveyed
Nonfarm payrolls, net revisions, added 9k from prior two months
Participation rate 63% vs prior 62.9%
Avg. hourly earnings 0.2% m/m, est. 0.3%, prior 0.2%
“The Future May Depend On It”: Full Jobs Hype Retard
“We all know animal spirits and inflationary expectations are contagious. If they can grow in the U.S. as something manifested more widely than inflated equity prices, it has the potential to spread elsewhere and could ignite a virtuous cycle”
Please Fasten Your Seat Belts, Jobs Report Ahead
So obviously it was a relatively quiet overnight session as the entire world focuses on
This Is The “Linchpin” For The Dollar
“Friday’s U.S. payrolls report might have little bearing on next week’s Federal Reserve decision, after top officials clearly indicated readiness to raise rates March 15. But…”
Key Calls (Friday): Upgrades, Downgrades & Initiations
Are your stocks on the list?
“Fuck The Facts!”: What Donald Trump Learned From Big Tobacco
“Doubt is our product.†Why? Because doubt “is the best means of competing with the ‘body of fact’ that exists in the mind of the general public. It is also the means of establishing a controversy.â€
It’s The Big One! What To Make Of Friday’s All-Important Number
Listen, if you’ve lost the plot line don’t worry because everyone else has too. Just
This Is What It Looks Like When Everyone Starts Selling Their “Junk”
Over the course of the last two days, I’ve suggested that perhaps the junk bond bubble
More Trouble
I don’t know if maybe you noticed, but this is playing out exactly like I
“What You Got Was The Exact Opposite”: Macro Hedge Funds Join The “Dumb” Money
I swear to God I’m starting to think that before this is all over, index
So Yeeahhh… About That Reflation Thing
“While investors may return to the reflation narrative again, it’ll take more than a few political speeches to get them there.”
Wells Fargo Offers To Address Heisenberg’s Concerns – “No Account Numbers” Necessary
They’re just trying to help, dammit.
Albert Edwards: “2008 Is Going To Look Like A Soft-Landing When The Fed Blows This Sucker Sky High”
Ok, so if you’re bearish, a market skeptic, or otherwise prone to cynicism, you know that when SocGen’s Albert f*cking Edwards comes stomping through, you just have to sit your ass down and let the master do his thing…
“Animal Spirits”: An American Tragedy
Not sure this was what Keynes had in mind…
Dammit, Who’s “Sherlock” Here? BofAML Weighs In On A Fed That’s Behind The Curve
“While this has allowed the Fed to have its cake and eat it too at the March meeting, in our view there could be a bigger sign from the markets to the Fed: financial conditions could be at the cusp of signaling that policy is behind the curve.”
“It Means A Financial Crisis” Any Questions?
I really, really hope that I’m not right about France. But the setup is hard to
Oil Erases Entire OPEC Cut Rally: “And Like That, It’s Gone”
Well goddammit I told you so. I don’t how many times I’ve said that oil
Key Calls (Thursday): Upgrades, Downgrades & Initiations
Are your stocks on the list?
“I Think It’s Safe To Say Everyone Will Take A Glass Half-Full Approach”
“I think it’s safe to say that given the current mood among traders, they will be squarely focused on the glass half-full elements rather than grasp at signs for temperance.”
“Please Let There Be A Cute Girl There With Glitter” Or, Your Last Minute ECB Preview
As Bloomberg notes, “while the ECB is unlikely to surprise today, the central bank meeting
After A Rough Start, It’s Been “Smooth” Sailing
“After 62 weeks, the present cycle has had the fewest corrections (six times) relative to other hiking cycles (Chart 3). By contrast, the equity market was turbulent during the 1999-2000 hiking cycle with 14 weekly corrections of at least 1.5% in 52 weeks.”
Did WikiLeaks Just Become Donald Trump’s CIA?
“Perhaps Trump is staying silent because he stands to benefit from WikiLeaks’ latest revelations”…
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