A Truly Taxing Day.
Thursday, bloody Thursday.
Thursday, bloody Thursday.
Are we there yet?
“In environments like the current one, however, economic analysis is more like Monet or Renoir: a healthy dose of perspective is required to fully appreciate the full picture.”
“Stocks were being pushed higher because everything was so FUBAR’d. Central Bank balance sheet expansion was pushing risk assets higher, and for the longest time, everyone wanted to fade it.”
“Here is my new prediction.”
“…they turned on poor Hugh like a pack of rabid dogs.”
“…problems could arise if markets take a look at the U.S. and say “America! Heck yeah!”
But do me a favor: don’t act like the controlling factor here isn’t Pennywise, the geriatric orange clown.
“No, a surprise will most likely look like a Central Bank chief that attempts to put policy back on the previous tighter path.”
“You know what? It’s fine.”
” It’s almost like investors are citizens of some financial Prozac Nation, emotions suppressed and buying all kinds of assets regardless of the perceived risk (or return).”
“Whether it is Gross, Icahn, Gundlach, Jones or Marks, there is no shortage of billionaires warning about the impending stock market crash.”
“The “lust for return†is alive and kicking.”
“…at the turn of the tide.”
“What if Warren Buffett’s Berkshire Hathaway had a 12% annual stop loss, after which it would quit trading until the new calendar year?It turns out that Buffett would have been stopped out in 18 of the 30 years.”
“Disclaimers by Quincy Jones: Quincy Jones is not the issuer or a sponsor or promoter of the Fund; has not passed upon the merits of the Fund or the suitability of the Fund Shares as an investment by any person; and does not offer, sell, or recommend any investment in Fund Shares.”
“But the VIX is low for a reason. Complaining that it doesn’t show the proper level of “fear” is like complaining that you can’t use a corkscrew to change a bicycle tire: it’s trying to use a tool in the wrong way.”
Just when you thought this might be a boring ass Friday, guess who agreed (probably begrudgingly) to sit down for an interview with Bloomberg’s starstruck Erik Schatzker?
“It sure looks to me like there really isn’t anything priced for Trump’s agenda any more.”
“The juxtaposition of rising policy uncertainty vis a vis declining fear in risk assets raises cause for pause.”
On Sunday evening in the tongue-in-cheek-entitled “Investors Dump Stocks For Super-Safe Junk Bonds,” we noted
With the Fed having pulled off what looks like a Goldilocks hike, crushing Treasury shorts
Regular readers will recall that I have continually decried the fact that the central bank-inspired
Everything is not fixed in HY energy just because oil prices are no longer scraping the bottom of the barrel (pun fully intended).
You know, when I read your writing, I’m whisked back 30 years to Hunter S.
You must be logged in to post a comment.