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Global Stocks, Futures Continue Surge On Lingering Rate Hike Euphoria
Submitted by Tyler Durden on 12/17/2015 06:59 -0500- Aussie
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- Gilts
- High Yield
- Housing Starts
- India
- Initial Jobless Claims
- Japan
- Jim Reid
- Monetary Policy
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- Yen
Heading into the Fed's first "dovish" rate hike in nearly a decade, the consensus was two-fold: as a result of relentless telegraphing of the Fed's intentions, the hike is priced in, and it will be a "dovish" hike, with the Fed lowering its forecast for the number of hikes over the next year. Consensus was once again wrong on both accounts: first the rate hike was far more hawkish than most had expected (see previous post), and - judging by the surge in Asian, European stocks and US equity futures - the "market" simply is enamored with such hawkish hikes which will soon soak up trillions in liquidity from the financial system.
The Fed Hike Will Unleash A Monster Dollar Rally Goldman Predicts; Merrill Disagrees
Submitted by Tyler Durden on 12/16/2015 21:27 -0500The "long dollar" trade may be the most crowded ever but that doesn't mean there aren't disagreements where the greenback goes from here, especially after the Fed's historic first rate hike.
Asset Protection? Silver Has Held Its Value For 23 Centuries
Submitted by Tyler Durden on 12/16/2015 19:20 -0500How much do you think your paper currency will be worth 23 centuries from now? Or even 23 years? Or potentially even 23 months?
Sticker Shock: Fed to Hike Rates First Time in NINE Years!
Submitted by ilene on 12/16/2015 16:19 -0500China did everything it could to prevent a collapse and it still happened. How do you think other countries will do?
Futures Surge, Oil Rebounds As Fed Starts Historic Two-Day "Rate Hike" Meeting
Submitted by Tyler Durden on 12/15/2015 06:47 -0500The start of the Fed's most eagerly awaited two-day policy meeting in years has finally arrived with the market expecting Yellen to announce the first 25 bps rate hike in 9 years tomorrow with nearly 80% probability, and so far US equity futures are enjoying a last minute relief rally, while emerging market stocks rose for the first day in ten after the longest losing run since June. Europe's Stoxx 600 Index has also rebounded from a five-day losing streak, the worst in over four months.
Morons At The Precipice
Submitted by Tyler Durden on 12/12/2015 13:25 -0500Seven years of zero rates, massive monetary inflation and incessant market backstopping have desensitized and anesthetized. Rational thought ultimately succumbed to "perpetual money machine" quackery. And now all of this greatly increases vulnerability to destabilizing market dislocations, as senses are restored and nerves awakened. "A lot of this looks like late 2007 or early 2008," warns one manager, but today, market mispricing is systemic and global – virtually all securities classes at home and abroad.
Is The Fed Being Forced To Hike Rates To Defend The Dollar?
Submitted by Tyler Durden on 12/10/2015 11:55 -0500At the moment, the strength of the USD correlates very strongly to equities. When King Dollar is torpedoed like it was yesterday, stocks plummet. So does this mean that a rate hike next week will be tremendously bullish for stocks?
After Vicious Rollercoaster Session, Global Stocks Flat, US Futures Stage Tepid Rebound In Illiquid Chaos
Submitted by Tyler Durden on 12/10/2015 06:53 -0500- Apple
- Aussie
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- Central Banks
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- Continuing Claims
- Copper
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- Equity Markets
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- Glencore
- headlines
- High Yield
- Initial Jobless Claims
- Investment Grade
- Investor Sentiment
- Jim Reid
- Monsanto
- NASDAQ
- Natural Gas
- Nikkei
- None
- Price Action
- Primary Market
- RANSquawk
- recovery
- Trade Deficit
- Turkey
- Volatility
- Wholesale Inventories
- Yen
- Yuan
After yesterday's rollercoaster session in both the S&P and in oil, where initially stocks soared alongside oil, only to promptly tumble as stops were taken out and as the refiners' inventory strategy was exposed after the DOE's latest weekly numbers were released, it has been a quieter session so far, though maybe not for China where stocks jumped at the open only to fizzle and close at the lows in what appears to be ever less intervention by the market manipulating "National Team."
Frontrunning: December 8
Submitted by Tyler Durden on 12/08/2015 07:34 -0500- Argus Research
- B+
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- Carlyle
- CBOE
- China
- Comcast
- Copper
- Credit Suisse
- Crude
- European Central Bank
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- goldman sachs
- Goldman Sachs
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- Securities and Exchange Commission
- SPY
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- Starwood Hotels
- Trichet
- Uranium
- Yen
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- Anti-Trump Effort Launches Super PAC (WSJ)
- Muslims decry Trump's proposal to keep them out of US (AP)
- Debate Heats Up Over No-Fly List, Gun Sales (WSJ)
- OPEC Takes Down Oil Majors as Lower-for-Even-Longer Kicks In (BBG)
- Chinese Companies Are Trapped in IPO Logjam (WSJ)
- Republican Ted Cruz vaults into first place in new Iowa poll (Reuters)
EUR Slides Below 1.08 After Goldman Raises EUR Forecast
Submitted by Tyler Durden on 12/07/2015 07:55 -0500Overnight Goldman "concluded its review" of where the EUR will go in the medium and long-term, when Robin Brooks announced Goldman is now "Scaling Back our Expectation for Euro Downside" specifically saying the firm revises its forecast for EUR/$ to 1.07, 1.05 and 1.00 in 3, 6 and 12 months (from 1.02, 1.00 and 0.95 previously) and lifts its year end-2017 forecast to 0.90 from 0.80. The result of Goldman's increase in its EUR forecast? The EUR promptly tumbled below 1.08
BIS Warns The Fed Rate Hike May Unleash The Biggest Dollar Margin Call In History
Submitted by Tyler Durden on 12/06/2015 22:30 -0500"While funding continued to be available, such a large negative basis indicates potential market dislocations. And this may call into question how smoothly US dollar funding conditions will adjust in the event of an increase in US onshore interest rates. Similar pricing anomalies have also emerged in interest rate swap markets recently, raising related concerns."
A Crushed Goldman FX Strategist Speaks: "We Badly Misread This Meeting"
Submitted by Tyler Durden on 12/03/2015 15:00 -0500"Today’s sell-off in Bund yields (Exhibit 2) and the bounce in EUR/$ rivals those seen in April and May and again puts the question of ECB commitment to QE firmly on the table. ... We are placing our forecasts under review."
Buy the Rumor and Sell the News Alive in Forex Markets
Submitted by EconMatters on 12/03/2015 13:00 -0500They aren`t about to stand for a strong dollar in a world where it is a competitive advantage to devalue currencies from a multinational profits, tourism and global trading perspective.
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European Stocks, US Futures Surge On Last Minute Hopes Of "Extraordinary Policy Easing" By Mario Draghi
Submitted by Tyler Durden on 12/03/2015 06:52 -0500- Australia
- B+
- Bank of America
- Bank of America
- Barclays
- Beige Book
- Bond
- China
- Citigroup
- Continuing Claims
- Copper
- CPI
- Crude
- Crude Oil
- Equity Markets
- Eurozone
- Federal Reserve
- fixed
- France
- Germany
- goldman sachs
- Goldman Sachs
- headlines
- India
- Initial Jobless Claims
- Italy
- Janet Yellen
- Japan
- Jim Reid
- Joint Economic Committee
- Markit
- Morgan Stanley
- Nikkei
- OPEC
- Precious Metals
- Price Action
- Rating Agency
- ratings
- Real estate
- Recession
- recovery
- San Francisco Fed
- Saudi Arabia
- State Street
- Trade Deficit
- Turkey
- Wells Fargo
- Yen
Yesterday's market swoon which unwound all of Tuesday's gains on concerns about a hawkish Fed and fears about terrorism in the US, are now completely forgotten, and have been replaced with the latest daily round of pre-ECB euphoria, driven by hopes that Mario Draghi will announce even more dovish details to Europe's Q€ 2 than just a 10 bps rate cut and a boost to QE more than €10 billion, both of which have been already priced in.
It Will Take Trillions Of Euros To Save The European Union
Submitted by Tyler Durden on 12/02/2015 12:53 -0500The EU’s political leaders and other elites are committed to holding the European Union together. To them, united Europe is an article of faith. They hold the idea with as much ferocity and fervor as any religious belief. But while the European Union is a wonderful political idea, it’s economically terrible. And the EU nations will have to face up to bearing enormous costs to save the Europe we wished for.




