Japan
The BoJ Just Promised To Buy $2.5 Billion In Make-Believe ETFs: What It Means For Japanese Corporates
Submitted by Tyler Durden on 12/21/2015 11:11 -0500“These kinds of ETFs don’t exist now. Using capital spending as a factor in deciding what goes in an ETF is quite unusual. I think the message from the BOJ is for us to go out and make them.”
Futures Jump After Friday Drubbing, Despite Brent Sliding To Fresh 11 Year Lows, Spanish Political Uncertainty
Submitted by Tyler Durden on 12/21/2015 06:55 -0500- Aussie
- BOE
- Boeing
- Bond
- China
- Conference Board
- Consumer Confidence
- Consumer Sentiment
- Copenhagen
- Copper
- CPI
- Crude
- Crude Oil
- Danske Bank
- fixed
- France
- Gilts
- Housing Starts
- Initial Jobless Claims
- Japan
- Jim Reid
- Michigan
- Monetary Policy
- Netherlands
- New Home Sales
- Nikkei
- Nomura
- Output Gap
- Personal Income
- Price Action
- recovery
- Richmond Fed
- University Of Michigan
- Yuan
In a weekend of very little macro newsflow facilitated by the release of the latest Star Wars sequel, the biggest political and economic event was the Spanish general election which confirmed the end of the PP-PSOE political duopoly at national level. As a result, there was some early underperformance in SPGBs and initial equity weakness across European stocks, which however was promptly offset and at last check the Stoxx 600 was up 0.4% to 363, with US equity futures up nearly 1% after Friday's oversold drubbing. In other key news, the commodity slide continues with Brent Oil dropping to a fresh 11-year low as futures fell as much as 2.2% in London after a 2.8% drop last week.
Huge Fukushima Cover-Up Exposed, Government Scientists In Meltdown
Submitted by Tyler Durden on 12/20/2015 20:05 -0500Fukushima radiation just off the North American coast is higher now than it has ever been, and government scientists and mainstream press are scrambling to cover-up and downplay the ever-increasing deadly threat that looms for millions of Americans.
Star Wars Smashes Opening Weekend Box Office Record, But Will It Be Enough?
Submitted by Tyler Durden on 12/20/2015 19:46 -0500This weekend the force was strong with thirty (and forty, and fifty) year-olds, wishing to awaken memories of their youthful days with an admirable redo of the first Star Wars movie, first released nearly 40 years ago. But the force has never been stronger with Disney which is expected to rake in a record-breaking $238 million in opening weekend box office sales in the US and Canada, and a near-record $279 million overseas, a grand total of well over half a billion around the globe.
Market Figures Out Fed No Longer Has Its Back
Submitted by Tyler Durden on 12/20/2015 15:45 -0500The Fed is now - for the first time in adult memory for half the world’s traders and money managers - tightening rather than loosening monetary conditions. A quick look at financial history is all it takes to lead anyone with leveraged money at risk to lighten up. Equally important - and vastly more strange when you think about it - this tightening comes at a time when major parts of the global economy are either grinding to a halt or imploding.
2015 Year In Review - Scenic Vistas From Mount Stupid
Submitted by Tyler Durden on 12/19/2015 20:35 -0500- Alan Greenspan
- Albert Edwards
- Ally Bank
- Apple
- Baltic Dry
- Bank of America
- Bank of America
- Bank of England
- Bank of International Settlements
- Bank of Japan
- Barry Ritholtz
- Bear Market
- Ben Bernanke
- Ben Bernanke
- Bill Gross
- Black Friday
- Black Swan
- Bob Janjuah
- Bond
- Book Value
- Brazil
- Bridgewater
- Capital Expenditures
- Carlyle
- Cato Institute
- Central Banks
- Chicago PMI
- China
- Chris Martenson
- Chrysler
- Citadel
- Cliff Asness
- Counterparties
- CRAP
- Credit Conditions
- Creditors
- Crude
- David Einhorn
- David Rosenberg
- default
- Demographics
- Department of Justice
- Deutsche Bank
- Dumb Money
- Equity Markets
- ETC
- European Central Bank
- Eurozone
- Federal Reserve
- FINRA
- fixed
- France
- Futures market
- GE Capital
- Germany
- Glencore
- Global Economy
- Global Warming
- Gluskin Sheff
- Greece
- Gundlach
- Hayman Capital
- Holiday Cheer
- Hyperinflation
- Illinois
- India
- Iran
- Iraq
- Israel
- Italy
- Janet Yellen
- Japan
- Jeff Gundlach
- Jeremy Grantham
- Jim Cramer
- Jim Reid
- Jim Rickards
- Joe Saluzzi
- John Hussman
- John Maynard Keynes
- Kazakhstan
- Ken Griffin
- KIM
- KKR
- Kyle Bass
- Kyle Bass
- Larry Summers
- LBO
- Lehman
- Mark Spitznagel
- Market Manipulation
- Maynard Keynes
- McKinsey
- Mervyn King
- Mexico
- MF Global
- Michigan
- Middle East
- Milton Friedman
- Monetary Policy
- Money Velocity
- Morgan Stanley
- Natural Gas
- New York Fed
- New York Stock Exchange
- Nikkei
- None
- Norway
- Paul McCulley
- Paul Tudor Jones
- Paul Volcker
- Precious Metals
- Quantitative Easing
- Rahm Emanuel
- Random Walk
- Ray Dalio
- Real estate
- Recession
- recovery
- Rick Santelli
- Robert Shiller
- Rosenberg
- Sovereign Debt
- Sovereigns
- St Louis Fed
- St. Louis Fed
- State Street
- Stephen Roach
- SWIFT
- Swiss National Bank
- Switzerland
- Themis Trading
- Transparency
- Treasury Department
- Unemployment
- University of California
- University Of Michigan
- Value Investing
- Wall Street Journal
- Warren Buffett
- Wholesale Inventories
- Willem Buiter
- Yield Curve
“To the intelligent man or woman, life appears infinitely mysterious, but the stupid have an answer for everything.” ~Edward Abbey
The Market Has Spoken: The Fed Made A Policy Mistake And "Quantitative Failure" Looms - What Comes Next
Submitted by Tyler Durden on 12/19/2015 14:43 -0500"Since the risk of Quantitative Failure brings with it the risk of more extreme policies/politics in 2016, the natural hedges are gold & volatility. Gold in particular will be interesting to watch in coming months. The Fed’s determination to raise rates means gold prices should fall. If in contrast gold rises with Fed hikes that’s a clear sign of a “policy mistake” and investors anticipating the need for more inflationary policies next year."
Central Banks Are Rapidly Running Out of Options
Submitted by Phoenix Capital Research on 12/19/2015 11:40 -0500What happens the next time global GDP takes a nosedive when Central Banks have already used up all of their ammunition?
Japan Still Leads The Way Towards Our ENDGAME
Submitted by Secular Investor on 12/18/2015 17:11 -0500When the 'Land of the Rising Sun' jumps into the abyss...
Japan Prepares Missile Blockade In East China Sea To Halt Chinese "Maritime Aggression"
Submitted by Tyler Durden on 12/18/2015 12:13 -0500"To be sure, there is nothing to stop Chinese warships from sailing through under international law, but they will have to do so in within the crosshairs of Japanese missiles."
Dow Dumps 500 Points From Post-Yellen Highs Amid "Policy Error" Fears
Submitted by Tyler Durden on 12/18/2015 10:21 -0500Just in case yesterday's weakness was mistaken for "well, it's just stabilizing before the next leg higher," US equity markets are pooping the bed this morning with the Dow down over 500 points from its post-Yellen highs, FANGs plunging red, credit collapsing, and bond yields slumping. Between the widely watched quad-witching, Fed policy error concerns, and the utter failure of the Bank of Japan's efforts to save the world, global stocks and bonds are flashing red warnings for the end of centrally planned markets.
Japanese Jawboning Fail - Nikkei Crashes 1000 Points From Overnight Highs
Submitted by Tyler Durden on 12/18/2015 08:25 -0500For a brief few minutes, overnight saw exactly the reaction that central planners had hoped for when The Bank Of Japan announced it would buy 'moar' stock ETFs and extend bond duration buying ad nauseum. However, within just 15 minutes something happened that we haven't seen since the world embarked on this experimental nightmare. Despite the front-ran promises to buy Japanese stocks "whatever it takes" traders sold... and sold large.
Frontrunning: December 18
Submitted by Tyler Durden on 12/18/2015 07:33 -0500- Oil heads for third straight weekly loss as supply weighs (Reuters)
- BOJ's $2.5 Billion ETF Boost Seen Having Little Impact on Stocks (BBG)
- Japan core CPI seen flat in November, household spending down (Reuters)
- Dollar gets altitude sickness as BOJ disappoints (Reuters)
- Fed Hikes, but Some Rates Veer Lower (WSJ)
- White House calls for 'common sense steps' to help Puerto Rico (Reuters)
Futures Slide As Quad-Witching Has A Violently Volatile Start After Massive BOJ FX Headfake; Oil Tumbles
Submitted by Tyler Durden on 12/18/2015 06:49 -0500- Australia
- Bank of Japan
- Beige Book
- Bond
- Central Banks
- China
- Copper
- CPI
- Crude
- Crude Oil
- default
- Economic Calendar
- Equity Markets
- Federal Reserve
- fixed
- France
- Germany
- headlines
- Hong Kong
- Hungary
- Initial Jobless Claims
- Japan
- Jim Reid
- Kuwait
- Markit
- Mexico
- Monetary Base
- Monetary Policy
- Natural Gas
- New Zealand
- Nikkei
- Norges Bank
- Philly Fed
- Precious Metals
- Price Action
- RANSquawk
- Real estate
- Sheldon Adelson
- Ukraine
- Volatility
- Yen
Following the latest BOJ statement, the market found itself wrongfooted assuming the BOJ was actually launching another episode of easing, sending the USDJPY soaring, until suddenly the realization swept the market that not only was the incremental action not really material, but even Kuroda spoke shortly after the announcement, confirming that "today's decision wasn't additional easing." The result was one of the biggest FX headfakes in recent days, perhaps on par with that from December 4 when EUR shorts were crushed, as the biggest carry pair first soared then tumbled and since the Yen correlation drives so many risk assets, also pulled down not only Japanese stocks but US equity futures.
Watch the Lines! Bull Markets Close to Ending in Major Markets
Submitted by Phoenix Capital Research on 12/17/2015 16:04 -0500Take note, these charts signal that the bull markets of the last six years are ending. The markets are primed for another Crash, just as they were in 2000 and 2007.
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