"While I am not suggesting that the market is on the precipice of the next 'financial crisis', I am suggesting that the current market dynamics are not as stable as they were following the correction in 2011 or in 2015. This is particularly the case given the threat of a 'tightening' of monetary policy."
"Goldman Traders Improperly Shared Customer Information with Traders from Other Global Banks and Engaged in Questionable Conduct to Improperly Affect Foreign Exchange Prices"
"This observation is at the core of the late-cycle playbook for owning commodities and why commodities typically perform the best when other asset classes perform their worst, particularly in relation to inflation..."
"People have been reaching for growth, and if you look at a bunch of these growthy companies and the value that people will pay for forward growth has been very high."
Good news for junior bankers at Morgan Stanley: for the first time in 4 years, associated base will increase by 25%, while analysts will be promoted after only two years.
It’s an extremely busy week of US data/earnings/events with plenty to keep US yields in the spotlight after a notable sell-off in the first half of the week followed by a notable rally over the last couple of days.
Concluding years of "on again, off again" speculation, at noon on Sunday, T-Mobile and Sprint announced they finally consummated an all-stock merger resulting in a telecom giant with a $146 billion enterprise value which will serve some 127 million customers.
"Treasuries tend to rally in episodes of market stress.This is not happening today, which is why investors need to pay attention to whether an EM-style debt crisis is about to play out."
Warning: What you are about to read is not about Russia, the 2016 election, or the latest person to depart from the White House in a storm of tweets. It’s the Beltway story hiding in plain sight with trillions of dollars in play and an economy to commandeer.
