AVFMS's blog
Shuffle Rewind 01-05 Oct " It's Good Enough for Rock N' Roll " (Gilby Clarke, 1997)
Submitted by AVFMS on 10/06/2012 06:47 -0500
Fair enough week. Not sure data fits the performance, but if it's good enough...
05 Oct 2012 – “ Let’s Work Together ” (Canned Heat, 1970)
Submitted by AVFMS on 10/05/2012 11:05 -0500What can be said? Rinse, repeat, rinse, repeat.
Everyone basking into the market truce provided by Super Mario. And taking some easy time off…
Friday afternoon Periphery squeeze barn stomp
04 Oct 2012 – “ So What? ” (Anti-Nowhere League, 1981)
Submitted by AVFMS on 10/04/2012 11:01 -0500On ECB Q&A: Yawn! Can’t always be a rainmaker and light fireworks every month.
Take-aways? None really.
So what?
03 Oct 2012 – “ Hit Me With Your Rhythm Stick ” (Ian Dury & The Blockheads, 1978)
Submitted by AVFMS on 10/03/2012 11:00 -0500Quiero un iPhone para salvar el Mundo! Looks like Spain actually enjoys the sovereign-regions-banks negative loop with no wish to cut the Gordian knot.
No European data tomorrow: Mario D, the floor is all yours, after Mariano D’s bond sales.
02 Oct 2012 – “ Jump, Jive N' Wail ” (Brian Setzer, 1998)
Submitted by AVFMS on 10/02/2012 10:48 -0500Wow! Good equity swings in Europe: Down about 1% to the morning lows, up nearly 2% to noon highs and tanking back over 1.25% into the close.
Core & Soft EGBs rather muted in volatility, closing by and large unchanged, with Periphery bonds running a separate path.
Again that decorrelation.
Jump, Jive & Wail…
01 Oct 2012 – “ Here Comes The Sun ” (The Beatles, 1969)
Submitted by AVFMS on 10/01/2012 10:52 -0500Getting caught in end of day divergence between recovering Bunds / UST and equities readying up a pre-close squeeze out.Note a rather muted, in line, Credit performance.
No real data anywhere tomorrow, so either the good spirits of recovery keep up their heads up – or not…
28 Sep 2012 – “ After The Rain Has Fallen ” (Sting, 1999)
Submitted by AVFMS on 09/28/2012 11:06 -0500Bizarrely, and even after slapping my screens several times to make sure things were working, real opening levels in EGBs very quite simply FLAT. All flat! Haven’t seen that in ages!
Had to slap my screens again tonight, given the tons of “unchanged” data in EGBs. Have decorrelated from equities, as has the USD (closing about unchanged).
27 Sep 2012 – “ The Rain Song ” (Led Zeppelin, 1973)
Submitted by AVFMS on 09/27/2012 11:02 -0500In absence of really negative news, outside the heavier macro / sentiment data, the lukewarm Italian auction and US data, markets remained on a slight tentative rebound.
Will need to await further details and overnight analysis of the Spanish budget. Lots of reforms...
Hmm, and in how much time can all that be passed - if at all???
26 Sep 2012 – “ Bad Rain " (Slash & The Conspirators, 2012)
Submitted by AVFMS on 09/26/2012 11:07 -0500Yes, it did feel kinda rainy already yesterday with “Purple Rain”.
Total Risk Off close today.
Bad Rain. Bad, Bad Rain...
25 Sep 2012 – “ Purple Rain " (Prince, 1984)
Submitted by AVFMS on 09/25/2012 10:51 -0500Another fairly uninspiring day.
In absence of hard data, subject to rumours and sentiment, as well as sudden “squeezes” or “sell-offs”, albeit in very tight ranges.
Mood maybe less rainy then yesterday, but, call me a bear, it doesn’t feel very convincing out there.
24 Sep 2012 – “ Raindrops Keep Fallin’ On My Head " (BJ Thomas, 1969)
Submitted by AVFMS on 09/24/2012 10:46 -0500Uninspiring day. Light ROff, but nothing major.
In absence of hard data, subject to rumours and sentiment.
Rainy.
21 Sep 2012 – “ Turn Them Into Gold " (Ladylike Dragons, 2011)
Submitted by AVFMS on 09/21/2012 11:03 -0500So after 2 hell of positive weeks with fairy dust sprinkled by the CBU (Central Banks United), things seem a little out of breath here.
Post-Central Bank intervention depression, so to speak, as the question on everyone’s mind is “What’s next?
Add to that soured geopolitics that stirred spirits in Asia, MENA and to some extend in regional Spain.
20 Sep 2012 – “ No Fun " (Sex Pistols, 1977)
Submitted by AVFMS on 09/20/2012 10:53 -0500It’s not like anvils are flying low, nor shoes dropping.
No major news, but jittery here.
No fun.
19 Sep 2012 – “ The Thrill Is Gone " (BB King, 1969)
Submitted by AVFMS on 09/19/2012 10:59 -0500Hmmm, if that is all what JPY 10trn can buy…
Where’s the thrill?
18 Sep 2012 – “ Still Got The Blues " (Gary Moore, 1990)
Submitted by AVFMS on 09/18/2012 10:59 -0500Lot of noon / afternoon official chatter on the wires, but eventually nothing highly conclusive.
And oops… I still have the Blues.
