MNUCHIN MASSACRE CHRISTMAS EVE BOTTOM?
Jan.9, 2019, 2PM | #FOMC #Federal Reserve #stocks #Mnuchin
Can’t deny that it’s been a wild few weeks in the financial markets. Although it seems like an eternity, it’s only been ten trading days since U.S. Secretary...
HIGH-YIELD CREDIT SPREAD BLOWOUT
Dec.21, 2018, 8AM | #barcap high yield spread #stocks
There are lots of theories as to why the stock market is selling off so hard. I have my views, but to a large extent, opinions don’t mean much in this environment. It&rs...
IGNORING BREAKEVENS
Dec.19, 2018, 10AM | #FOMC #Federal Reserve
This has been a crazy month and I have a lot to say, but I want to get this post out before the Fed’s announcement, so it will be a short one.
It’s been a long tim...
THERE ARE NO ATHEISTS IN FOXHOLES
Dec.17, 2018, 9AM | #FOMC #Federal Reserve #Stanley Druckenmiller #Kevin Warsh
It seems like a lot of hard-money-hawks were caught off guard by last month’s dovish shift by Powell. I have had more than a couple of conversations with different marke...
THE MILKSHAKE TRADE IS FINISHED
Dec.12, 2018, 3PM | #US dollar #Santiago Capital #Brent Johnson #stocks
Think back to this past summer. The US dollar was rallying hard, having risen from 88 DXY in the spring to 97 as August drew to a close. At the same time, the American stock m...
DON'T IGNORE THE YIELD CURVE
Dec.6, 2018, 3PM | #bonds #yield curve #Powell #Federal Reserve
Over the past few days there’s been lots of chatter about the recent flattening of the yield curve. The rising of short term yields with the opposite move at the longer-...
TRYING TO SAVE THE ECONOMY WITH LOWER OIL
Nov.27, 2018, 10AM | #oil #economy
The other day President Trump tweeted the following:
Contrary to some of his tweets, this one seems to make sense. After all, the price of energy goes into everything. From t...
A HISTORY OF FIRST CUTS
Nov.26, 2018, 2PM | #stocks #Federal Reserve
The market is definitely torn about whether last week the Federal Reserve signaled a pause in their rate-tightening campaign. You know where I stand (they did), so there is li...
FED FINALLY BLINKS
Nov.22, 2018, 10AM | #stocks #Federal Reserve
The other day Stock Board Asset Macro Research’s Alastair Williamson tweeted the following chart with the accompanying comment, “The entire world is burning, and A...
DON'T SHORT THE QT HANGOVER
Nov.19, 2018, 11AM | #stocks #quantitative tightening
I love the ocean which is ironic as I live on a Great Lake more than 1,500 kilometers from the Atlantic. But you put me anywhere near an ocean and I guarantee it - I am jumpin...
