Andreas Steno Larsen has written his macro piece for Nordea.
The message seems to be that in the complex dance with the Fed and the US Treasury (Powell & Mnuchin) there will be a tightening which will cause the steepener trade to falter, by which Larsen seems to …
Nearly everything up, a teeny bit.
Dollar down, similarly. Dollar assets essentially flat.
Independence Day holiday coming up.
The short sellers have made a packet on Wirecard, but are probably not rushing back to short anything else.
$TSLA makes headlines by overtaking Toyota in terms of market cap, if …
Well, it’s a new day, a new quarter and a new half year.
Fairly incredibly, the SPX had the best quarter performance since 1998.
Well, we know what happened in 2000.
Asian equities up, European ones down.
Odd, given that the police in Hong Kong are arresting …
I finally listened to the rest of the Trader Vic interview (see
my weekend post). He is really very interesting.
He talked about how interest on excess reserves suppresses inflation.
(Actually, Warren Mosler sort of reveals this when he talks about his chat with the official from the …
There was a rather dull lecture by Gove over the weekend, the Ditchley Lecture.
I read it, so you don’t have to.
It’s long and a bit rambling.
Bemoans hollowing out of the middle, and the resulting disaffection of those who used to support the left, the …
The Fed is doing it, but not in huge size. Various issuers are being identified on Twitter etc.
as though their appearance on the list would be a buy signal.
Similarly, a list of the ETFs, headed by $LQD, as you’d probably expect.
When the stock and bond market crash comes, and the politicians say “nobody could have seen this coming”, at least Lance Roberts and
will be able to say “we did!”
And, actually, they are not the only ones.
I’m lethargic. My office is at 29C and humid. The markets are lethargic.
At some point new homes in the UK will be fitted with A/C.
Liquidity is terrible, even for $ES_F, the SP 500 mini future, which should be the most liquid equity …